La Grande evening observer., October 18, 1917, Image 4

THURSDAY, OCTOBER 18, 1917.
EDITORIAL PAGE OF THE LA GRANDE EVENING OBSERVER
LA GRANDE EVENING OBSERVER.
An TnrlenrmHfint NeWBDaDer.
Published Daily and Weekly at La Grande, Oregon, by the
LA GRANDE EVENING OBSERVER PUBLISHING CO.
J. D. MEYERS H. B. LEITER CLARKE LEITER
Prcadent Vice-President Editor and Publisher
Entered at the Postoffice at La Grande, Oregon, as second
class matter.
Address all communications to
THE OBSERVER, 1710 Sixth St.
On Sale in Other Cities: Oregon Hotel News Stand,
Portland; Imperial News Stand, Portland.
City Official Paper. Leased Wire Telegraph Report of
United Press Associations.
SUBSCRIPTION RATES.
By Carrier. 'Daily, by mail per six month
Dillv. sinele codv 6c in advance $2.60
Daily per week 16c Daily, by mail for three months
Daily, per month 65c
Daily, per six months in advance.$3.60
Daily, per year in advance $7.00
By Mail.
Daily, by mail per year, in ad
vance $5.00.
advance $1.25
Daily, by mail per month 45
The Saturday Evening Observer
per year in advance $1.60
Weoklv-Observer-Star per year
in advance $1.60
The Observer carrier boys are instructed to put the papers on tfie
orcbes. If the carrier doeB not do this, misses you, or neglects gett r.g
-.he paper to you on time, kindly phone The Observer, as tnis is the only
ay we can determine whether or not the carriers are following instruc
tions. Phono Main 37 before T:30 o'clock and a paper will be sent you by
special messenger if the carrier has missed you.
The Big Bright Star of the Film Firmament '
THE SKCON1) LIBERTY LOAN.
The bonds of the second issue of the Liberty Loan are
to be issued under the act of Congress approved by the
President September 24, 1917.
The amount of the issue will be $3,000,000,000 or more;
$3,000,000,000 will be offered, and the right is reserved to
allot bonds in excess of that amount to the extent of one
half of the oversubscription. That is, if $5,000,000,000 is
subscribed the right is reserved to issue $1,000,000,000
more than the $3,000,000,000.
The bonds will be offered for sale on October 1, 1917,
and subscriptions will be received until the close of the
business day of October 27.
The bonds will bear date November 15, 1917, and will
mature November 15, 1942. But the Government reserves
the right to call in and pay the bonds in full, with accrued
interest, any time after 10 years after their date.
The bonds are convertible gold bonds and bear 4 per
cent annual interest, the interest being payable semi-annually
on May 15 and November 15 of each year.
The bonds are exempt, both as to principal and interest,
from all .taxation now or hereafter imposed by the United
States, any state, or any other possessions of the United
States or by any local taxing authority, except (a) estate
or inheritance taxes, and (b) graduated additional income
taxes, commonly known as surtaxes, and excess-profits
and war-profits taxes now or hereafter imposed. They are
not liable to the ordinary Federal income tax.
The interest on an amount of bonds the principal of
which does not exceed $5000, owned by any individual,
partnership, association, or corporation, arc exempted
from the taxes provided for in clause (b) above.
The right is given to holders of the bonds to exchange
them for bonds bearing a higher rate of interest if any
such shall later be issued by the United States before the
termination of the war. This conversion privilege must
be exercised, if at all, within six months after the issuance
of such higher rate bonds.
Ihe second issue of Liberty Loan Bonds will be of two
kinds, registered and coupon.
The registered bonds will be registered at the Treasury
in the names of their owners and will be of the denomina
tions of $50. $100, $500, $1000, $5000, $10,000 and $100,00o
Checks for the interest on these bonds will be mailed from
the Treasury to the owners each semi-annual interest date.
The coupon bonds will be payable to bearer and will
have coupons attached for the interest. They will be in
The
Woman
Who Pays
by check instead of in currency escapes a lot
of worry about money matters. She has an
ni-eurate record of where her money goes
and a receipt for every penny she has paii
out. Besides it's so much safer to have the
cash in the bank than in the home. Our spe
cial department for women will be glad to
give information.
La Grande National Bank
POUGLAS
FAIRBANK
II
In His Big Artcraft Success
"In Again Out
FRIDAY AND SATURDAY
Have you ever tried to
get into jail? "Doug"
tried his best and had
some mighty funny experiences.
C Jk D E
HEAR
STEVENS
AT THE
ORGAN
MATINEES ADULTS, 15c; CHILDREN, 5c
EVENINGS ADULTS, 20c; CHILDREN, 10c.
denominations of $50, $100, $500, $1000, $5000 and $10,
000. The coupons can be cashed like a Government check
at any bank.
The coupon bonds of this loan will have only four cou
pons attacked, representing the semiannual interest for
two years. Between November 15, 1919, and May 15, 1920,
the holders of coupon bonds must exchange their bonds for
new bonds having full sets of coupons. These temporary
bonds are issued because the work of engraving so many
bonds with so large a number of coupons attached can not
be completed within a reasonable time for delivery.
Bonds of the Second Liberty Loan can be purchased by
filling out an application blank on the form prescribed by
the Secretary of the Treasury, which can be obtained from
any bank or Liberty Loan committee, and sending it or
having it sent to the Treasury of the United States or any
Federal Reserve Bank or ranch accompanied by the pay
ment of 2 per cent of the amount of bonds applied for. .
These applications must reach the Treasury Depart
ment, a Federal Reserve Bank or branch thereof, or some
incorporated or trust company in the United States on or
before the close of business October 27, 1917. Practically
every bank in the United States will willingly receive
these applications and handle the whole transaction of the
purchase of bonds for any subscriber.
A purchaser 'may pay in full for his bonds at the time of
making his application or, it he so prefers, he can take ad
vantage of the installment plan any pay 2 per cent on ap
plication, 18 per cent on November 15, 1917, 40 per cent
on December 15, 1917, and the remaining 40 per cent on
January 15, 1918.
Although so far as the Government is concerned the pur
chase price for the bonds must be paid as above, nearly
every bank in the country will make arrangements by
which Liberty Loan Bonds can be paid on an installment
plan providing for weekly or monthly payments, and a
great many employers will make the same arrangements
for their employes.
Payment can be made to the Treasury Department or to
any one of the Federal Reserve Banks, but purchasers are
urged to make their payments to the banks or other agen
cies with whom they placed their subscriptions.
It is believed that the Second Liberty Loan, like the first
issue of Liberty Loan Bonds, will be heavily oversubscrib
ed, but no matter how largely oversubscribed, the policy
of distributing these bonds as widely as possible among
the people of the countrv will be followed, and everv sub
scriber to an amount not. greater than $1,000 is sure to re
ceive the bond or bonds subscribed for.
Subscribers to large amounts will receive an allotment
based on the amount of the bond issue and its proportion
to tne amount ot suhseriphon. hat proportion of their
subscription they will obtain will not be known until all
subscriptions are in.
It is hoped that on or about October 10, 1917, a supply
of these new bonds ready for immediate delivery to sub
scribers in amounts not iii excess of $1,000 to any" one sub
scriber will be in the hands of the several Federal Reserve
banks, to be delivered to subscribers who pay in full. Plans
are also being perfected whereby banks all over the coun
try can obtain these bonds for prompt delivery to subscrib
ers for amounts not over $1,000.
The main differences betweccn th bonds of the first is
sue and the bonds of the second issue of the Liberty Loan
are (1 ) they run for only 25 years instead of 30, and inav be
redeemed by the Government in 10 years after date instead
of lo; (2) they bear 4 per cent interest instead of 3 1-2 per
cent: (3") they are liable to surtaxes and excess-profits and
war-profits taxes (except as to the interest on $5,000 in the
hands of am- holder) ; (4) allotment may be made to the
extent of half of the over-subscription; and (5) the install
ment plan of payment is slightly different.
o
No one is too rich or too poor to buv a Libert v Bond at
$1.00 down and $1.00 a week.
A NEW INVENTION.
A Bostonian, Garabcd T. K. Giragossian (whose name
'sounds like an in vention of Dickens) has gone to Congress
to have an invention of his protected. It is not exactly a
perpetual motion machine, but very near it. The Boston
man has a machine which he connects up with the cosmie
forces of the universe; in other words, harnesses some of
the loose or latent energy which fills the earth and air and
the waters under the earth. Congress is taking him seri
ously and is going to investigate his invention,' -which is
right and proper. And when they do a. hew flood, of
knowledge will be printed in the Congressional Record.
o
THIS IS A REVOLUTION. , " ;
An unmarried Portland girl sues a man who she. says is
the father of her baby boy. Under a new law she can ask
for the maintenance and support of her infant son. What
in the world are we coming to when we begin to place a
part of the burden of caring for illegitimate children upon
the men? .
La Follette demands a fair trial and this is what he
should and will get.
o
The White Sox won. The Western spirit cannot be
downed. , ., .
Rippling Rhymes
By WALT MASON
Beggars on Wheels.
I see a million .infos smnt
before my dwelling daily; the
engines hum, the honk-boms
toot, the wheels are spinning
gayly. I recognize a lot of
ays who thus go whizzing past
me, and say, "it beats me how
hey raise the wherewithal,
Jodgast me!" For there goes
3oggs, who doesn't pav the
butcher and the baker, who's standing off,
from day to day, the patient undertaker. And
there goes Skaggs; I saw him stick a mort
gage on his shanty; he couldn't get a prune
on .tick 'twixt here and Ypsilanti. And there
goes Swigg; he's borrowed mon from every
friend and neighbor; he's so enamored of his
fun, he's cut out useful labor. I see the long
procession go, the tireless autos flitting, and
wonder, as I watch them flow, what poor
house they'll be hitting. An auto takes a
goodly hoard; some traps its always wanting;
not one in twenty can afford to keep a motor
jaunting. But every one now has his car, no
man's so badly busted that he can't junket
near and far, past creditors disgusted.'
(Copyright 1917 by George Matthew Adams.)
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VA
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