27 JULY 1929, Page 12

The Treasury Department has redeemed many hundred million dollars of

Liberty Bonds issued to carry on the War. These redemptions have been widely advertised, but in spite of that fact some $40,000,000 worth remain outstanding. It is evident that a large number of those who invested their money in Liberty Bonds during the War did so without any knowledge of what they were doing. Some patriotic citizens viewed their Liberty Bonds as gifts to the Government rather than as investments. The story is authentic that one investor, noticing the first coupon date on his Liberty Bond, sent a cheque to the Government on that date for the amount of the interest.