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.
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Famous quotes containing the words liberty, bond and/or act:
“The English, besides being “good haters,” are dogged and downright, and have no salvos for their self-love. Their vanity does not heal the wounds made in their pride. The French, on the contrary, are soon reconciled to fate, and so enamoured of their own idea, that nothing can put them out of conceit with it. Whatever their attachment to their country, to liberty or glory, they are not so affected by the loss of these as to make any desperate effort or sacrifice to recover them.”
—William Hazlitt (1778–1830)
“They lived under a just and moderate government, and they admitted that one bond of their fidelity was that their rulers were the better men.”
—Titus Livius (Livy)
“Faith means belief in something concerning which doubt is still theoretically possible; and as the test of belief is willingness to act, one may say that faith is the readiness to act in a cause the prosperous issue of which is not certified to us in advance.”
—William James (1842–1910)