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When the loan was raised we had certainly no idea that it would have to be redeemed during the war, as we had reckoned on a shorter duration of hostilities. On the other hand there is no truth in the statement that this loan in some way cleared the way for further Allied loans. These loans, which were the natural result of the great supplies of material to the Allies, would have come in any case.
Will you credit me when I tell you he carries his infatuation so far, that he has been investing in Japanese and Chinese Loans, because they are less meat-eaters than others, and vegetarians are more stable, and outlast us all! Dudley the visitor? 'Mr. Sowerby has been here, she said, in a shaking low voice. Victor held her hand and felt a squeeze more nervous than affectionate.
Antitrust legislation has been enacted to meet the demand for the curbing of monopolies; and the Federal land bank system which has recently gone into operation is practically the proposal of the Northwestern Alliance for government loans to farmers, with the greenback feature eliminated.
That firm is one of the biggest of its kind in the city. They buy mortgages and such things; they haven't time to spend on little loans." "Oh," said Peace, but the glad light came back to the somber brown eyes once more, and she bounced happily up and down on the leather cushion. "That name seemed such a funny one to me, I couldn't forget it. Swift & Smart I wonder if it fits?"
The kings permitted them to make loans, often at a most exorbitant rate; Philip Augustus allowed them to exact forty-six per cent, but reserved the right to extort their gains from them when the royal treasury was empty. In England the usual rate was a penny a pound for each week.
Partly touched at Amos's generosity, but more vexed at his present purpose respecting future loans, Walter was not disposed to look with a very favourable eye on his brother's money arrangements. What could he be wanting with so much? What could he be doing with it? There was nothing to show for it.
There'd be no state for them to talk o' sae glibly noo had it no been for those who put on uniforms and found the siller for a' the war loans that had to be raised, and to pay the taxes. Aye, and when you speak o' taxes, there's another thing comes to mind. These folk who ha' sae a muckle to say aboot the injustice of conditions pay few taxes.
Article XV. The powers of congress are: To watch over the general interest of the Philippine people, and the carrying out of the revolutionary laws; to discuss and vote upon said laws; to discuss and approve prior to their ratification treaties and loans; to examine and approve the accounts presented annually by the secretary of finance, as well as extraordinary and other taxes which may hereafter be imposed.
The only other financial institution that could show an equal record of long stability was the Bank of Amsterdam, which existed from 1609 to 1814. The national debt of England began in 1693, when William III, in order to carry on the war against France, resorted to a system of loans.
To meet current emergencies, however, he was compelled to borrow heavily here and there, and in doing so he was quick to note that those banks representing his enemies in Chicago and elsewhere were willing to accept his various stocks as collateral, providing he would accept loans subject to call.
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