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:
“As liberty and intelligence have increased the people have more and more revolted against the theological dogmas that contradict common sense and wound the tenderest sensibilities of the soul.”
—Catherine E. Beecher (1800–1878)
“Wedding is great Juno’s crown,
O blessed bond of board and bed!
‘Tis Hymen peoples every town,
High wedlock then be honorèd.
Honor, high honor, and renown
To Hymen, god of every town!”
—William Shakespeare (1564–1616)
“When private men shall act with original views, the lustre will be transferred from the actions of kings to those of gentlemen.”
—Ralph Waldo Emerson (1803–1882)