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Moore, with whom I should have met and spoke about a letter I this day received from him from my Lord Hinchingbroke, wherein he desires me to help him to L1900 to pay a bill of exchange of his father's, which troubles me much, but I will find some way, if I can do it, but not to bring myself in bonds or disbursements for it, whatever comes of it.

Their usefulness has been limited by their being transient and temporary; their ceasing to bear interest at given periods necessarily causes their speedy return and thus restricts their range of circulation, and being used only in the disbursements of Government they can not reach those points where they are most required.

Excess of disbursements over receipts, $11,237.83. On the first day of January, 1907, what is called the payable debt of the State was reported to be $1,253,029.07. On the first day of January, 1876, it was $520,138.33. Increase, $732,890.74.

Three years of peace have intervened, and during that time the disbursements of the Government have successively been five hundred and twenty millions, three hundred and forty-six millions, and three hundred and ninety-three millions.

My Lord's passionateness for want thereof, and his want of coming in of rents, and no wages from the Duke of York. No money to be had there for wages nor disbursements, and therefore prays my assistance about his pension.

The actual disbursements, exclusive of those for the Panama Canal and for the postal service for the year ending June 30, 1911, were $654,137,997.89. The actual disbursements for the year ending June 30, 1910, exclusive of the Panama Canal and the postal service disbursements, were $659,705,391.08, making a decrease Of $5,567,393.19 in yearly expenditures in the year 1911 under that of 1910.

This was certainly a gloomy condition of affairs for a monarch on the threshold of a war which was to outlast his own life and that of his children; a war in which the mere army expenses were to be half a million florins monthly, in which about seventy per cent. of the annual disbursements was to be regularly embezzled or appropriated by the hands through which it passed, and in which for every four men on paper, enrolled and paid for, only one, according to the average, was brought into the field.

It cost him dear, as he discovered at the end of the first year, on noting that his disbursements had considerably exceeded his large income. It was very evident that if he went on in this way, each twelvemonth would deepen an abyss where in the one hundred and sixty thousand francs a year, left him by his father, would finally be swallowed up.

Presley, uninvited, unnoticed apparently, sat down. The assistant manager was in the act of making a report. His voice was not lowered, and Presley heard every word that was spoken. The report proved interesting. It concerned a book-keeper in the office of the auditor of disbursements. It seems he was at most times thoroughly reliable, hard-working, industrious, ambitious.

"The first consideration," she communed within herself, "is that the household is made up of mixed elements, and things might be lost; the second is that the preparations are under no particular control, with the result that, when the time comes, the servants might shirk their duties; the third is that the necessary expenditure being great, there will be reckless disbursements and counterfeit receipts; the fourth, that with the absence of any distinction in the matter of duties, whether large or small, hardship and ease will be unequally shared; and the fifth, that the servants being arrogant, through leniency, those with any self-respect will not brook control, while those devoid of 'face' will not be able to improve their ways."