First Liberty Bond Act
The 1st Liberty Loan Act established a $5 billion aggregate limit on the amount of government bonds issued at 30 years at 3.5% interest, redeemable after 15 years. It raised $2 Billion with 5.5 million people purchasing bonds.
Read more about this topic: Liberty Bond
Famous quotes containing the words liberty, bond and/or act:
“For why should my liberty be subject to the judgment of someone else’s conscience?”
—Bible: New Testament, 1 Corinthians 10:29.
Paul. His belief is that, out of charity, one should not offend the conscience of another.
“Every doctor will allow a colleague to decimate a whole countryside sooner than violate the bond of professional etiquet by giving him away.”
—George Bernard Shaw (1856–1950)
“Remember that you are an actor in a drama, of such a part as it may please the master to assign you, for a long time or for a little as he may choose. And if he will you to take the part of a poor man, or a cripple, or a ruler, or a private citizen, then may you act that part with grace! For to act well the part that is allotted to us, that indeed is ours to do, but to choose it is another’s.”
—Epictetus (c. 55–135 B.C.)