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Charles Gould, a citizen of Costaguana, who is also all right; and, lastly, the Government of the Republic. So far this resembles the first start of the Atacama nitrate fields, where there was a financing house, a gentleman of the name of Edwards, and a Government; or, rather, two Governments two South American Governments. And you know what came of it.
That these arrangements have not particularly helped Turkish credit may be gathered from the fact that the Turkish gold £1, nominally 100 piastres, was very soon worth 280 piastres in the German paper standard, and it now fetches a great deal more. Again, the Deutsche Orientbank has made many extensions, and is already financing cotton and wool trade for after the war.
I understood that Germans were financing it." They were, and it was precisely for that reason, and because it was on the way to prosperity as a rival to some German firm, that it was suffocated. Cf. L'Invasione tedesca in Italia, pp. 118, 119. This ingenious system proved exceptionally effective in Brazil. It has been said that that republic is become a dependency of Germany.
Although the major responsibility for financing education rests with the States, some assistance has long been given by the Federal Government. Further assistance is desirable and essential. There are many areas and some whole States where good schools cannot be provided without imposing an undue local tax burden on the citizens.
Then the formal mortgage is executed and recorded. There are brokers who specialize in negotiating such mortgages. Their fee is about two per cent. So much for the usual channels of financing. In addition, the buyer can still make his own mortgage arrangements with some investor who has money to loan if he knows such a person.
His eyes were glittering and terrible to see at the potentialities of that finding. Yet in an instant he knew that death had likely already claimed the elder Rutheford. Otherwise he himself would have come back, long since, to recover the mine. He would be financing the expedition, rather than his brother Kenly.
These principles place paramount the fact that housing construction and financing for the overwhelming majority of our citizens should be done by private enterprise.
When his hand was almost upon the object for which he had toiled and striven whether pacifying a tribe, meeting a loan by honest means, building a barrage, irrigating the land, financing a new industry, or experimenting in cotton it suddenly eluded him. Nahoum had snatched it away by subterranean wires.
If we are going to leave all the financing to be done by America and fear to import promises to pay lest they should be followed by demands on our gold, shall we not be rather in the position of Barry Lyndon, who was given a gold piece by his mother when he went out into the world, with strict injunctions always to keep it in his pocket and never to change it?
We have seen that the portentous figure of Vanderbilt was just at this time looming up in the railroad world, and Vanderbilt had his own theory of the management and financing of railroads. It was inevitable that he should clash with Drew. He was a few years older than Drew, and the two men, as we have seen, had much in common.
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