November 19, 2020 10:00 AM EST Cincinnati


237

Two WWI-Era Inscribed 48-Star Parade Flags

Lot of 2 flags, ca 1918. Printed flag on cotton, 14 x 23.5 in. Ink inscription on bottom white stripe: "Liberty Loan Parade / May 13 1918."

In order to finance World War I, ordinary citizens were encouraged to buy Liberty Bonds to help the United States defray the cost of the war and at the same time support our soldiers. The bonds paid 4% annual interest and were considered both a patriotic gesture and a wise investment. Liberty Loan bond parades and a variety of fund-raising campaigns were held throughout the country. The War Industries Board, headed by Bernard Baruch, raised $18.5 billion from bond sales during a two year period.

Printed flag on cotton, 9.5 x 14 in. Staff rounded at top in the form of a cane, 32.25 in. Accompanying handwritten note: "Eugene Oregon November 11, 1923 To Ronnie Privrasky (sic) from Vera K. Shultz I carried this flag up and down Pennsylvania Avenue in Washington D.C. on the evening of November 11, 1918 Vera Kimball Shultz."

Six hours after President Woodrow Wilson learned of the cease fire ending World War I, he stood in the House of representatives before both houses of Congress, the cabinet, the diplomatic corps and members of the Supreme Court and read the thirty-four terms of the armistice. After each stipulation cited by the president, there was loud clapping, cheering and standing ovations as Wilson declared the official end to the war.

That evening in Washington DC, the president and Mrs. Wilson rode in an open automobile up and down Pennsylvania Avenue through immense crowds that lined both sides of the street. Thousands, like Vera Shultz, walked along the same route celebrating the allied victory over Germany, Austria-Hungary and Turkey. This flag and the note she wrote to a friend five years later proudly chronicles the joy and pride she experienced that historic evening.

Provenance:J. Richard Pierce Collection of American Parade Flags

Condition:

Liberty loan flag: toning, few minor smudges/stains. Some small, scattered holes. Few small holes along hoist end. Professionally mounted using stitch on board. 

Vera Schultz flag: even toning, some scattered spots. One small hole along hoist end. 

Estimate: $400 - $600
Price Realized Including Buyer's Premium
$250
11/19/2020

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