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:
“Where liberty dwells there is my country.”
—Anonymous. Latin phrase.
Adopted as a motto by U.S. patriot and orator James Otis (1725-1783)
“When the bond of love broke,
the respect born of affection withered,
good feelings fled,
and that man walked before me
like any other,
Good Friend,
I imagine all this,
think on days gone by
and wonder why
my heart hasn’t cracked
into a hundred bits.”
—Amaru (c. seventh century A.D.)
“Everyman, I will go with thee, and be thy guide,
In thy most need to go by thy side.”
—Anonymous. Knowledge, in Everyman, act 1, l. 522 (c. 1509-1519)