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:
“To suppose that any form of government will secure liberty or happiness without any virtue in the people, is a chimerical idea.”
—James Madison (1751–1836)
“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)
“You are as still as a yardstick. You have a doll’s kiss.
The brain whirls in a fit. The brain is not evident.
I have gone to that same place without a germ or a stroke.
A little solo act that lady with the brain that broke.”
—Anne Sexton (1928–1974)