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 West is preparing to add its fables to those of the East. The valleys of the Ganges, the Nile, and the Rhine having yielded their crop, it remains to be seen what the valleys of the Amazon, the Plate, the Orinoco, the St. Lawrence, and the Mississippi will produce. Perchance, when, in the course of ages, American liberty has become a fiction of the past,—as it is to some extent a fiction of the present,—the poets of the world will be inspired by American mythology.”
—Henry David Thoreau (1817–1862)
“Don’t go on a man’s bond in public, nor guarantee his debts in private.”
—Chinese proverb.
“The Expulsion from Eden is an act of vindictive womanish spite; the Fall of Man, as recounted in the Bible, comes nearer to the Fall of God.”
—Cyril Connolly (1903–1974)