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:
“The god who gave us life, gave us liberty at the same time: the hand of force may destroy, but cannot disjoin them.”
—Thomas Jefferson (1743–1826)
“Camillo. Prosperity’s the very bond of love,
Whose fresh complexion and whose heart together
Affliction alters.
Perdita. One of these is true:
I think affliction may subdue the cheek,
But not take in the mind.”
—William Shakespeare (1564–1616)
“Sharing food with another human being is an intimate act that should not be indulged in lightly.”
—M.F.K. Fisher (1908–1992)