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The successful conclusion of the Victory loan marked the end of war borrowing and the beginning of the transition to postwar debt management. Because of the success of the Victory loan, I am happy to report that the Treasury will not need to borrow any new money from the public during the remainder of the present fiscal year except through regular sales of savings bonds and savings notes.
Though, indeed, it was but for a moment. It was the forenoon of a Sunday, a dull, sleepy time in all countries, and one difficult to get overpast. I was as usual busy with my accoutrement, recently bought with the loan of Master Gerard.
The elder answered, "I received it as a loan from one of our faithful brethren, when about to make my journey unto thee; for it behoved me not to arrive in mine ordinary dress.
"I would remind you that in this matter we are merely entering into an ordinary business arrangement," he said. "I have heard of no concessions attached to the loan. We are merely going into the money market like any other borrower, and will undertake to pay such reasonable interest as the lenders deem compatible with the security we offer."
If your brother wants to look on it as a loan, all right. It's up to him, and you've got to stand out of the way while I pull him back from that cliff." Still Dede refused, and Daylight's argument took a more painful turn. "I can only guess that you're standing in your brother's way on account of some mistaken idea in your head that this is my idea of courting. Well, it ain't.
He is not unacquainted with the conversational amenities of the cordial and interesting stranger, who, having had the misfortune of leaving his carpet-bag in the cars, or of having his pocket picked at the station, finds himself without the means of reaching that distant home where affluence waits for him with its luxurious welcome, but to whom for the moment the loan of some five and twenty dollars would be a convenience and a favor for which his heart would ache with gratitude during the brief interval between the loan and its repayment.
Some ten years ago, William Milvain, on the point of bankruptcy, had borrowed a hundred and seventy pounds from his brother in Wattleborough, and this debt was still unpaid; for on the death of Jasper's father repayment of the loan was impossible for William, and since then it had seemed hopeless that the sum would ever be recovered.
You git it for me, an' I'll help you with that Dawson bird. You know the McElroy feller, don't you?" "I've saw him hangin' 'round; but I can't go over there," Tusk grumbled. "Didn't I jest tell you Dawson buhned me out? Why don't you go?" "Tusk, a gentl'man don't like to be askin' another gentl'man to pay him back a little friendly loan.
That the Presidency did approve the debt is certain. But the right honorable gentleman, as prudent in suppressing as skilful in bringing forward his matter, has not chosen to tell you that the Presidency were the very persons guilty of contracting this loan, creditors themselves, and agents and trustees for all the other creditors.
For these purposes he would negotiate a loan, pledging the credit of the State, and meet the interest payments by judicious sales of the public lands which had been granted by the Federal government for the construction of the Illinois and Michigan canal. The most creditable feature of these proposals is their moderation.
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