Close Please enter your Username and Password

hate_Fakes 34M
1013 posts
10/8/2019 7:33 pm
"Victory Liberty Loan"



Another piece of history from the First World War came into my possession today. On March 3, 1919, the "Victory Liberty Loan Act" was signed into law.



The Government always needs more , and the Great War, or "War to End All Wars," was to be no exception. Liberty loans or bonds were sold by the federal government during World War I (1917-1919) to raise for the war. These were labeled as 'loans,' because they promised interest to the bearer. As one advertisement from the period wrote: "The to be raised by the Victory Liberty loan already has been spent. It furnished the "'punch'" that won the war and saved the lives of 100,000 of America's bravest boys. It is this unshed blood you are paying for when you subscribe to the Victory Liberty loan."



About a half dollar in size piece, the obverse of the medal, exhibits a eagle grasping three arrows in one claw, and an olive branch in the other, flying the U.S. Treasury Building, and reads "Victory Liberty Loan".



The reverse reads: "Awarded - By the U.S. Treasury Department For Patriotic In Behalf of the Liberty Loans - Made From Captured German Cannon"....The medals were made from German cannons captured by American troops Chateau Thierry. These cannons were melted, and the metal roiled into sheets, from which the medals are made. They were conferred by the Treasury Department on volunteers in the Victory Liberty loan campaign volunteers.



I am not certain there was an official ribbon attached to the medal since I have seen several variants.
.
.
.
.
.
.
.


I noticed the anniversary of the Battle of Passchendaele is coming up. In 1917 the second stage of thebattle began on 30 October, to complete the previous stage and gain a base for the final assault on Passchendaele. The attackers on the southern flank quickly captured Crest Farm and sent patrols beyond the final objective into Passchendaele. The attack on the northern flank again met with exceptional German resistance. The 3rd Canadian Division captured Vapour Farm on the corps boundary, Furst Farm to the west of Meetcheele and the crossroads at Meetcheele but remained short of its objective. During a - pause, the Second Army took over another section of the Fifth Army front adjoining the Canadian Corps. Three rainless days from 3–5 November eased preparation for the next stage, which began on the morning of 6 November, with the 1st Canadian Division and the 2nd Canadian Division. In fewer than three hours, many units reached their final objectives and Passchendaele was captured. The Canadian Corps launched a final action on 7th of November, to gain control of the remaining ground north of the village near Hill 52. There were 448,688 British Canadian and ANZAC casualties and German casualties as 270,700 . That British casualty amounts 1 man for every two inches captured from the Germans.



Does that muddy total destruction look like it was worth the price in human life?

hate_Fakes 34M
5901 posts
10/8/2019 7:36 pm

Considerably cheaper than buying the whole field gun!


hate_Fakes 34M
5901 posts
10/8/2019 7:36 pm

the money raised was used in part to pay the cost to bring the American troops back home and offset the cost of the overall demob effort.


hate_Fakes 34M
5901 posts
10/8/2019 7:39 pm

Two more slabs were mixed & poured today on the driveway.... just 8 left to go.


hate_Fakes 34M
5901 posts
10/8/2019 7:41 pm

A sunny but breezy day here today 68F 20C JD got his undies all in a wab and started picking soybean...high moisture yet and will need to be run through the drier.


SwishNSwallow2 31M/34M  
1324 posts
10/8/2019 7:55 pm

so much history that shaped this country of ours, the good and not so good. The important thing is to learn, try and remember those events, and in the end, not forget. We hope the weather does not sideline or slow you down anymore.


hate_Fakes 34M
5901 posts
10/8/2019 8:21 pm

    Quoting SwishNSwallow2:
    so much history that shaped this country of ours, the good and not so good. The important thing is to learn, try and remember those events, and in the end, not forget. We hope the weather does not sideline or slow you down anymore.
JD is still out picking soybeans... We have so much to be thankful for in this country. We'll get it one way or another. As it sets now it would be ok through the winter.


Hungr4Yungr 70M
4396 posts
10/8/2019 9:43 pm

Another important part of military history that must not be forgotten. As a matter of fact, I read an account of the battle of Passchendaele just the other day. Glad you recounted it for me.


hate_Fakes 34M
5901 posts
10/8/2019 10:12 pm

    Quoting Hungr4Yungr:
    Another important part of military history that must not be forgotten. As a matter of fact, I read an account of the battle of Passchendaele just the other day. Glad you recounted it for me.
The losses were horrific for years the Brit's tried to claim the German losses were like 400K until someone found the original hospital lists for the period. I don't believe any nation outside of maybe China would put up with losses like that in the 21st century.