Second Liberty Bond Act
The 2nd Liberty Loan Act established an $15 billion aggregate limit on the amount of government bonds issued, allowing $3 billion more offered at 25 years at 4% interest, redeemable after 10 years. The amount of the loan totaled $3.8 Billion with 9.4 million people purchasing bonds.
Read more about this topic: Liberty Bond
Famous quotes containing the words liberty, bond and/or act:
“New York is a woman
holding, according to history,
a rag called liberty with one hand
and strangling the earth with the other.”
—Adonis [Ali Ahmed Said] (b. 1930)
“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)
“By act of Congress, male officers are gentlemen, but by act of God, we are ladies. We don’t have to be little mini-men and try to be masculine and use obscene language to come across. I can take you and flip you on the floor and put your arms behind your back and you’ll never move again, without your ever knowing that I can do it.”
—Sherian Grace Cadoria (b. 1940)