United States or Iceland ? Vote for the TOP Country of the Week !
The payments to the fiscal agency fund for the service of the bonded debt of the Republic, as provided by the convention, have been regularly and promptly made, and satisfactory progress has been made in carrying out the provisions of the convention looking towards the completion of the adjustment of the debt and the acquirement by the Dominican Government of certain concessions and monopolies which have been a burden to the commerce of the country.
Taxes have been reduced within the last seven years nearly $300,000,000, and the national debt has been reduced in the same time over $435,000,000. By refunding the 6 per cent bonded debt for bonds bearing 5 and 4 1/2 per cent interest, respectively, the annual interest has been reduced from over $130,000,000 in 1869 to but little over $100,000,000 in 1876.
To be sure the mine was bonded for a measly fifty thousand dollars, and his stock was tied up under an option; but many things can happen in six months' time and Wiley was only a boy. Granted that he was a miner and understood ore, there is such a thing as an "Act of God."
It was bonded goods, guaranteed seven years in the wood, and Wunpost smacked his lips as he tasted it. "Have one yourself," he suggested and while the crowd stood agape he laid down a nugget of gold. That settled it with Blackwater, they threw their money on the bar and tried to get him drunk, but Wunpost would drink with none of them.
"Well, nothing down here that is, directly but we are meeting with trouble on the financial end. The Peruvian government is holding back payments." "Why is that?" "They claim we are not as far advanced as we ought to be." "Aren't you?" "Practically, yes. There was no set limit of work to be done for the intermediate payments. We bonded ourselves to have the tunnel done at a certain date.
This being so, much less would it do to suppose that it could bear the addition of new weight upon the old piers; for though to all appearance sound, the cores were of rough rubble work, not solidly bedded and not properly bonded with the ashlar casing.
Our company, being the largest, was to be used as the basis of the consolidation, and the original small roads were to turn themselves over to us for nine hundred and ninety-nine years, we to assume their bonded indebtedness, and, besides this, agreeing to pay from eight to eighteen per cent. dividends on their stock issues. After these payments our company was to keep the surplus earnings."
"Well," said George, who had glanced over the contents of the particular paper which had caused him so much surprise, "listen to me. In the first place, here is what I should judge to be an accurate survey of the wood-lot Ralph and I bought of Simpson. It states the price for which the land was mortgaged, and the probable price for which it could be bonded or purchased.
The Commissioner looked grave, but did not answer that over the Bellevue Hospital his power was merely a name that he could grant supplies and give directions, but had no real authority over subordinates appointed by the Common Council, and could not, for the most flagrant misconduct, discharge the lowest man about the department of which he was the bonded and responsible head.
Tea, coffee, sugar, rice, spices, bags and bagging here have their home. And there are haughty bonded warehouses filled with fine liquors. From his white cabin at the top of a venerable structure comes the dean of the salt-fish business. "Export trade fair," he says; "good demand from South America." One of the pleasantest things in the world is "going a journey" but few know it now.
Word Of The Day