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Every morning at a fixed hour he would call at a certain hotel, where he reported the doings of the organization to Bender and myself. One of the things I thus learned was that the union was hard up and constantly exacting loans from Gussie and several other members who had savings-bank accounts.
During the year ending on the 30th of September last the receipts into the Treasury have exceeded $37.5 millions, of which near $24 millions were the produce of loans. After meeting all demands for the public service there remained in the Treasury on that day near $7 millions.
It is idle to say, as has been said on numerous platforms, that plans no doubt can be devised for agrarian reform without Home Rule. The Irish revenues are the only collateral security that can be obtained for loans of English money, and Irish revenues are only available for the purpose on the establishment of an Irish Government.
With the proceeds of these loans the government was able to pay the accumulated interest on the foreign loans, and thus to keep its credit above water in Europe. The finances of the States were little better than those of the Union.
Even after this they still remained in France, submitted with cheerfulness to all the demands of patriotic gifts, forced loans, requisitions and impositions of every kind; yet her husband was nevertheless guillotined, and the whole of their immense property confiscated.
When he discovered that Brownwell's notes were not made for bona fide loans, but that they were made to cover Barclay's overdrafts, he began to find the truth, and then when he found that Colonel Culpepper had lent the money back to the bank that he borrowed from Brownwell, also to save John's overdrafts, Bob Hendricks' soul burned pale with rage.
His parents were both religious, but in a different way. The father's religion was manifested in his charities; he used to keep on hand a fund, of which his wife had no account, for contributions to the necessitous and loans to the irresponsible. Mrs. Rizal attended to the business affairs and was more careful in her handling of money, though quite as charitably disposed.
The King said on this occasion: "This casketmaker has, at least, left us the setting, but M. Cromwell took all." The fortunate success of this affair restored me, not to cheerfulness, but to that honourable calm which had fled far away from me. I made a reflection this time on my extreme imprudence, and understood that all the generosities of love are often no more than loans.
Though the Four-Power group alleged that they held the first option on all Chinese loans, money had already been advanced by a Franco-Belgian Syndicate to the amount of nearly two million pounds during the critical days of the Abdication.
Unlike the French, who invest their savings small and large in national loans, the Germans neglect even their own national loans, preferring the higher returns for their investments from the innumerable industries launched in modern Germany; so pronounced is this form of investment, that a director of the Deutsche Bank has warned his countrymen, that every month's profits are no sooner gained than they are put out again in new enterprises, either by the individuals themselves, or by the banks in which they are deposited.
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