Lyric discussion by minamay 

I think he is referring to Germantown in Philly. Liberty hall is in Texas. It was a concert venue, where Bruce played in 1974. Check out ruf.rice.edu/~tannahil/liberty%20hall.html for more info on it. I really like this song, it has a dual feel to it - somehow it belongs to this time and to an earlier one. I suppose it has a folk song element to it. My favourite verses are the last two.

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