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:
“Musicians are seldom unemotional; a woman who could sing like that must know how to love indeed.
Girls brought up [as you were,] in a very strait-laced and puritan fashion, always pant for liberty and happiness, and the happiness they have never comes up to what they imagined. Those are the girls that make bad wives.”
—Honoré De Balzac (1799–1850)
“Man’s characteristic privilege is that the bond he accepts is not physical but moral; that is, social. He is governed not by a material environment brutally imposed on him, but by a conscience superior to his own, the superiority of which he feels. Because the greater, better part of his existence transcends the body, he escapes the body’s yoke, but is subject to that of society.”
—Emile Durkheim (1858–1917)
“People start parades—politicians just get out in front and act like they’re leading.”
—Dana Gillman Rinehart (b. 1946)