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During the reigns of king William and queen Anne, large sums were frequently borrowed upon annuities for terms of years, which were sometimes longer and sometimes shorter. In 1695, an act was passed for borrowing one million upon an annuity of fourteen per cent., or £140,000 a-year, for sixteen years.
We offer annuities at rates graduated according to ages, on a sliding-scale infinitely more advantageous than what are called tontines, which are based on tables of mortality that are notoriously false.
The widows who compose this class were, previous to their marriage, either trusted servants in quiet families, daughters of respectable shop-keepers, or younger daughters of widows with small annuities: and their husbands were probably members of religious communities. Suppose the condition of the widow to have been that of a decent servitude.
The government through the post-office pays two and one-half per cent interest. In 1870 there was deposited in the post-office savings-banks approximately £14,000,000, in 1880 £31,000,000, and ten years later £62,000,000. In 1880 arrangements were made by which government bonds and annuities can be bought through the post-office.
These two financial limits will suggest to you how many honest women are to be reckoned on in the million, for they are really a mere product of our statistical calculations. Now three hundred thousand independent people, with an income of fifteen thousand francs, represent the sum total of those who live on pensions, on annuities and the interest of treasury bonds and mortgages.
I wouldn't tell Jane Baylis my affairs my new affairs, gentlemen, thanks to you not for two annuities, paid twice a week!" "Take Mrs. Gutch downstairs, Spargo, and see her all right, and then come to my room," said the editor. "And don't you forget, Mrs. Gutch keep a quiet tongue in your head no more talk or there'll be no annuities on Saturday mornings."
But wherever the institutions of a country are such as to create an aristocratic class, whose incomes depend on entailed estates, or on fixed and permanent annuities, so that the capital on which they live can not afford them any mental occupation, they are doomed necessarily to inaction and idleness.
This was the greatest fight I was ever in, though I have been in many others.” It is a long step from the spear to the ploughshare, but the moccasined feet of White Horse soon took the step. Concerning this epoch in his life, he said: “The most important event in my life was when the Government began to give annuities to the Indians and we were placed on the reservation.
At this price those who were in the secret bought them up, and then took care to have that deficiency supplied in the next session of Parliament, by which they doubled their principal in a few months; and, for the encouragement of lenders, every new project of lotteries or annuities proposed some farther advantage, either as to interest or premium.
The officer designated for the above duty will be advised thereof through the proper military office, but the necessary instructions for the execution of the duty will be given by the Commissioner of Indian Affairs. Drafts for the payment of the annuities will be transmitted to such officer, who will procure the necessary funds thereupon, and transport them to the place of payment.
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