THE THIRD LIBERTY LOAN 



THE Third Liberty Loan will be three billion dol- 

 lars ($3,000,000,000), the government reserving 

 the right to allot bonds up to the full amount of any 

 overscription. 



The government has asked the Ninth Federal Reserve 

 District to subscribe a minimum of $105,000,000. But 

 A. K. Kogers, district director, has apportioned the 

 loan by states so as to insure $125,000,000. 



The bonds will bear interest at 4 1 /4 per cent per an- 

 num. They will be dated and will bear interest from 

 May 9, 1918 and will mature September 15, 1928. The 

 interest dates will be September 15 and March 15, the 

 first coupon bearing interest for 129 days. 



The bonds are not convertible and are not subject 

 to call for redemption before matured. The fact that 

 the government has made these ten-year bonds is taken 

 by many as an indication that the officials at Washing- 

 ton are not looking for the war to last many years. 



The bonds carry the same exemption from taxation 

 as those in the second Liberty Loan. Third Liberty 

 Loan bonds which have been owned by a person for 

 six months prior to the date of his death will be ac- 

 cepted at par and accrued interest in payment of fed- 

 eral inheritance taxes. The campaign opened through- 

 out the nation April 6, and closes May 4, but this is not 

 adhered to in the Ninth district, In this district no 

 selling of bonds is supposed to be permitted prior to 

 April 15. The actual selling campaign opens at dawn 

 next Monday and by midnight Wednesday the organi- 



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