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 republic, as I at least understand it, means association, of which liberty is only an element, a necessary antecedent. It means association, a new philosophy of life, a divine Ideal that shall move the world, the only means of regeneration vouchsafed to the human race.”
—Giuseppe Mazzini (1805–1872)
“Every doctor will allow a colleague to decimate a whole countryside sooner than violate the bond of professional etiquet by giving him away.”
—George Bernard Shaw (1856–1950)
“To die is not to play a part in society; it is the act of a single person. Let us live and laugh among our friends; let us die and sulk among strangers.”
—Michel de Montaigne (1533–1592)