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.
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Famous quotes containing the words liberty, bond and/or act:
“Montesquieu well knew, and justly admired, the happy constitution of this country [Great Britain], where fixed and known laws equally restrain monarchy from tyranny and liberty from licentiousness.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Don’t go on a man’s bond in public, nor guarantee his debts in private.”
—Chinese proverb.
“psychologist
Mothers with marriageable daughters ought to look out for men of this stamp, men with brains to act as protecting divinity, with worldly wisdom to diagnose like a surgeon, and with experience to take a mother’s place in warding off evil. These are the three cardinal virtues in matrimony.”
—Honoré De Balzac (1799–1850)