Friday, March 22, 2019

When the Government Needed $5 Billion Dollars to Pay War Debt, Citizens Bought Victory Bonds, 1919

From the editorial page of the Brevard News, Friday, March 21, 1919

The Victory Liberty Loan will be offered to the people of the country 30 days hence. The campaign is scheduled to start April 21, and close on Saturday, May 10. Five billion dollars will be asked for and the bonds are to draw 4 ¼ per cent payable semi-annually. The new loan will take the form of notes maturing in five years and the people are urged to give the proposition their heartiest support. The expenses incident to the greatest victory achieved were very great and must be adjusted. It is costing a vast sum of money to bring the boys home and those who did not fight are expected to pay the bill. Of course they are going to do it.

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