Tootle Lemon Bank Telegram Describing Offering of Russian Government Bonds for Sale, 1916

The image is a historical telegram from the Postal Telegraph Company, dated November 17, 1916, sent from St. Louis, Missouri, to Tootle-Lemon National Bank in St. Joseph, Missouri. It offers a subscription to a new issue of twenty-five million imperial Russian government external bonds with a five-and-a-half percent interest rate, dated December 1, 1921. The interest is payable semi-annually in New York in either gold or equivalent U.S. currency, offering a price of 94.75 with accrued interest minus a one-quarter percent banker’s concession. The anticipated yield is over 6.75 percent. Quick subscription orders are recommended through wire, signed by Wm R. Compton. The telegram includes a blue header with delivery number "10" and details of the telegraph office in St. Joseph, Missouri.