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"Almost three thousand dollars!" exclaimed Gertrude, her face radiant; "why why now " she broke off suddenly and hid her face on Mrs. Smith's shoulder, sobbing. "Now I can pay all my indebtedness and be free to do what I please," she said to her friend in an undertone. Mrs. Smith patted her gently, for she knew what it was she wanted to be free to do.
These beautiful decorations remind us of our indebtedness as a people for an abundant harvest, not only of the grains and cereals which support our lives, but also of the delicacies which make that life one of rich enjoyment. But, my friends, this is Cain's sacrifice.
Of this there had actually been paid during the seven years $3,500,000 in specie, and $2,500,000 in certificates of national indebtedness. The annual cash income of the government was therefore about half a million, which was entirely absorbed by the necessary running expenses of the government, leaving nothing for the payment of interest.
"That's all," replied the other; "he don't see his interests in ours any more than a tinsmith would, who comes to mend the roof." The first one took a meditative puff or two from his cigar, tipped off its ashes, and responded: "Common fault. He completely overlooks his immense indebtedness to the world at large, and his dependence on it.
Agents were to be appointed by the United States who should take charge of the customhouses. Forty-five per cent of the total receipts were to be used in carrying on the affairs of the republic and the balance was to go to pay the indebtedness.
This national-defense loan consists of three, six, nine, and twelve months' government bills bearing 5 per cent interest. I figured that the amount issued December 10 was for the most part used to provide for the maturing floating indebtedness, and for the deficit on the government budget aside from the expense of the present war.
Perhaps he was influenced by this consideration when he proposed that the payment of the domestic debt should be divided between those who had originally held, and those who had acquired by purchase, the certificates of indebtedness. The public creditors would in that case have been more widely distributed in different sections of the country and among different classes.
Of this description are the contracts of loan, deposit, and pledge, security for indebtedness. Till the subject is actually lent, deposited, or pledged, it does not form the special contract of loan, deposit, or pledge." Next to the perfection of contracts by re, the intervention of things, were obligations contracted by verbis, spoken words, and by literis, or writings.
Well, there was one more item to add to his indebtedness. My face flushed and my fingers tingled at thought of him, and so I resolutely turned my meditations elsewhere, and again in a little while I seemed to think of nothing, but lay and bathed in the silence, and indulged my eyes with the good red light of the torch, inhaling its pitchy scent.
Any attempt to pay the national indebtedness in a coinage of less commercial value than the money of the world would involve a violation of the public faith and work irreparable injury to the public credit. It was the great merit of the act of March, 1869, in strengthening the public credit, that it removed all doubt as to the purpose of the United States to pay their bonded debt in coin.
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