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When it died there was a considerable deficit, together with a failure on the part of the executive committee to account for a pretty liberal cash balance." "I've heard that much," said the trainmaster. "Then we'll bring it down to date," Lidgerwood resumed.
Six years ago, I came to office in a time of doubt for America, with our economy troubled, our deficit high, our people divided. Some even wondered whether our best days were behind us. But across this nation, in a thousand neighborhoods, I have seen, even amidst the pain and uncertainty of recession, the real heart and character of America. I knew then we Americans could renew this country.
But when, some years later, he repeated his visit, and tried to play for his own pecuniary benefit, the influential friends were invisible, and the concert actually resulted in a deficit. Chopin's letters contain unmistakable evidence of the fact that, with some exceptions, the Germans did not understand his compositions.
The distresses of the treasury had powerfully contributed to bring about, to develop the political crisis; the public cry for the States-general had arisen in a great degree from the deficit; but henceforth financial resources did not suffice to conjure away the danger; the discount-bank had resumed payment, the state honored its engagements, the phantom of bankruptcy disappeared from before the frightened eyes of stockholders; nevertheless the agitation did not subside, minds were full of higher and more tenacious concernments.
De Witt first took in hand a thorough overhauling of the public accounts, by means of which he was enabled to check unnecessary outlay and to effect a number of economies. Finding however that, despite his efforts to reduce expenditure, he could not avoid an annual deficit, the council-pensionary took the bold step of proposing a further reduction of interest from 5 to 4 per cent.
"In the first place, no one," says Plato, "should possess any private property, if it can possibly be avoided; secondly, no one should have a dwelling or store house into which all who please may not enter; whatever necessaries are required by temperate and courageous men, who are trained to war, they should receive by regular appointment from their fellow-citizens, as wages for their services, and the amount should be such as to leave neither a surplus on the year's consumption nor a deficit; and they should attend common messes and live together as men do in a camp: as for gold and silver, we must tell them that they are in perpetual possession of a divine species of the precious metals placed in their souls by the gods themselves, and therefore have no need of the earthly one; that in fact it would be profanation to pollute their spiritual riches by mixing them with the possession of mortal gold, because the world's coinage has been the cause of countless impieties, whereas theirs is undefiled: therefore to them, as distinguished from the rest of the people, it is forbidden to handle or touch gold and silver, or enter under the same roof with them, or to wear them in their dresses, or to drink out of the precious metals.
As Clara said, the galleons were taken by the pirates; the Equatorial Company seemed to be doing the work of Caleb Balderston's thunderstorm, and to be bearing the blame of a deficit such as Oliver could not charge on it. The whole statement was backed by Mr. Ponsonby, whose short notes spoke of indisposition making him more indebted than ever to the exertions of Robson.
An instance of this was published in a Charleston advertisement of 1800 announcing the auction of a young carpenter and saying as the reason of the sale that he had absconded because of a deficit in his wages. Whether the sale was merely by way of punishment or was because the proprietor could not give personal supervision to the carpenter's work the record fails to say.
He was instructed to track the cashier who had fled, having a deficit of several millions. Goudar had caught him in Canada, after pursuing him for three months all over America; but, on the day of his arrest, this cashier had in his pocket-book and his trunk only some forty thousand francs. What had become of the millions? When he was questioned, he said he had spent them.
"How can I make a calculation if you blow hot and cold? You don't seem able to be serious!" But he consented to raise his estimate to twenty; and a little after, the calculation coming out with a deficit, cut it down again to five pounds ten, with the remark, "I told you it was nonsense. This sort of thing has to be done strictly, or where's the use?"
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