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The new receivership will consist of a general receiver of customs designated by the Government of the United States and three receivers of customs designated by the Governments of Germany, France, and Great Britain, which countries have commercial interests in the Republic of Liberia.
The wretched African is often so deeply pierced by the excruciating fangs of hunger, as almost to be driven to despair. What is he to do in such a trying situation? Let him apply to the receivers. Alas! the majesty of receivership is too sacred for the appeal, and the intrusion would be fatal.
It was during the receivership and there was no room for frills. "I have worked here on a small salary and done everything but maul spikes to keep down expenses on the division, because we had to make some showing to whoever wanted to buy our junk.
As a result of the efforts of this Government to place the Government of Liberia in position to pay its outstanding indebtedness and to maintain a stable and efficient government, negotiations for a loan of $1,700,000 have been successfully concluded, and it is anticipated that the payment of the old loan and the issuance of the bonds of the 1912 loan for the rehabilitation of the finances of Liberia will follow at an early date, when the new receivership will go into active operation.
Hastily she told what she had overheard about the proposed receivership, and all four now Balcom, Doctor Q, Dora, and Zita talked excitedly. But it was plainly Balcom who was in command of the situation. Although livid with rage at the news he had heard, yet he maintained control of the others, directing what they should do with a decisiveness that was truly remarkable.
I found, too, that about a thirtieth part of the annual revenue was now expended on the purposes commemorated in the inscription over the door; the rest being handsomely laid out in Chancery, law expenses, collectorship, receivership, poundage, and other appendages of management, highly complimentary to the importance of the six Poor Travellers.
But Senator Stewart gave the whole affair a very thorough airing, and caused to be printed in the "Congressional Record" the complete history of the receivership proceedings above set forth, together with the opinion and judgment of the Circuit Court of Appeals.
Their places were filled with men connected with the War Finance Corporation. Eugene Meyer being designated as Farm Loan Commissioner. The new members have demonstrated their ability in the field of agricultural finance in the extensive operations of he War Finance Corporation. Three joint-stock banks have gone into receivership.
It crosses most of the large trunk lines and it is a road which, from a general business standpoint, ought to pay. It has paid. It seems to have paid the bankers. In 1913 the net capitalization per mile of road was $105,000. In the next receivership this was cut down to $47,000 per mile. I do not know how much money in all has been raised on the strength of the road.
"Authentic Statement respecting the Appointment by His Royal Highness the Prince of Wales to the Receivership of the Duchy of Cornwall, in the Year 1804, to be transmitted by His Royal Highness's Command, to Lieutenant-General Lake, Commander-in-Chief of the Forces in India.
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