Liberty Loan Poster

Collier's New Encyclopedia (1921)

BY SCOTT OTT WILLIA hold what opinions one pleases in reli- The Third Libe gious matters, and to worship the Deity according to on April continued the dictates of conscience, free from external scribed control. ed the totalled LIBERTY The loan bonds BONDS. See LIBERTY n was nens LOANS. onds of t in 1928, 3, bearing LIBERTY LOANS. When the United not nvertible States declared war against Germany funds were greatest First and End Second required on an extensive scale and besides new taxes the method of Liberty success was Liberty carried Loan, the Loans was adopted. Congress in In all ried on fro April, 1917, authorized the borrowing of thing like $ $6,989,047,6 $7,000,000,000, of which three billions were ing matter to be used for investment in the ke $9,000,0 war bonds of the Allies. Then Mr. ter was 21,000,000 in the McAdoo, Secretary of the Treasury, announced the 00 are se due in 1938 subscription offering of the First Liberty The Fifth 1988 and Loan. This to consist of was $2,000,000,000 of 30-year 3½ per spring of of 1919. T bonds taxes, exempted except the from Federal and sted from Federal and Federal inheritax. The the Federal inheri Federal reserve 'ederal reserve banks enlisted as agencies in their respecbanks encies in their respec districts. Every kind of method for ery kind of method for the loan was utilized. The an was utilized. The subscription, amounted to $ 3,035, amounted to $3,085,and most of the reserve disof the reserve disexceeded their allotment. meir allotment. The for the Second Liberty The were the Second Liberty opened on Oct. 1 and on Oct. 1 and closed The amount authorized was $ 3, closed int authorized was $3,were. Plans for paying by installfor paying by install arranged, with the result that ed, with the result that subscriptions were $ 4,617,532, ero $4,617,582,- LOAN BONDS DNDS WILLIAMS Third Liberty Loan was ty Loan was launched 6, 1918, and the campaign till launched and the campaign May 4. The amount subtotalled $ 4,176,516,850, so that 176,516,850, so that was of nearly half oversubscribed. half oversubscribed. this loan become due loan become due bearing 44 per cent per cent., but are convertible as in the case of the ., but are the case of the success Second Liberty Bonds. The Liberty Bonds. The of all was the Fourth the Fourth Loan on, the campaign for which for which from Sept. 28 to Oct. 19. to Oct. 19. 6,989,047,000 was raised, some- 100 raised, some $ was 9,000,000 worth of advertis- 00 worth of advertissent out, and a total of at out, and a total of are said to have participated to have participated subscription and. The bonds become The bonds become are collectible in 1933. collectible in 1933. Loan was launched toward the Isranched toward the 1919. The bonds in this loan ho bonds in this loan bear interest at 434 per cent. The campaigns for all these loans were carried on with many spectacular features and the progressive interest aroused was indicated in the increasing number of subscribers.