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I can give no better evidence of the result of this taxation than to repeat what Reginald McKenna, Chancellor of the British Exchequer, said to me in London last August: "The English position is so sound," he declared, "that if the war ended at the end of the current financial year, that is, on March the 31st, 1917, our present scale of taxation would provide not only for the whole of our peace expenditures and the interest on the entire National Debt but also for a sinking fund calculated to redeem that debt in less than forty years.
In Hungary once I met a certain fellow who had been kicked by a highway thief after he had emptied his pockets. I tell you what. A man may well pawn his last doublet, if he may thereby gain a larger. He need never redeem the first, and it is given some folks to coin gold ducats out of humbler folks' sins. Ah! If I had a fox for a brother!"
In the other, it was supposed sufficient to pay the interest only, or a perpetual annuity equivalent to the interest, government being at liberty to redeem, at any time, this annuity, upon paying back the principal sum borrowed. When money was raised in the one way, it was said to be raised by anticipation; when in the other, by perpetual funding, or, more shortly, by funding.
Further than this he could not go; but at a later date he did much to redeem his first promises to the people of Northern Italy. The fair prospect was soon overclouded by the financial measures urged on the young commander from Paris, measures which were disastrous to the Lombards and degrading to the liberators themselves.
Most assuredly, I could not have distressed her, degraded her, by telling her a detective had been investigating her." "And that was the end of it?" asked Braceway. "Not quite. She went back to Atlanta. Withers wanted to know where her jewels were. She wrote to me in an agony of fear and sorrow, asking me to redeem the jewels. I did it. I went to Atlantic City myself. She had sent me the tickets.
Now, indeed, I felt that my impression of English society was complete, and that I might go home and write novels of English high life, and do something to redeem myself a little from the disgrace I had fallen into with my fellow-plebeians by always writing of common Americans, like themselves, and never grandes dames or ideal persons, or people in the best society.
They could not redeem their promises to pay. These were no longer available for currency: they had driven from the country the coin, and there was no money. The merchants failed, the planters failed, money appreciated to the gold standard, and property correspondingly depreciated; and ruin financial ruin swept over the country as a consuming fire.
The younger of the pair, Bertha by name, soon fell in love with the guest, while he, too, was deeply impressed by her charm; but silken dalliance was not for him at present for was he not under a vow to try to redeem the Holy Sepulchre? and so he resumed his journey to Palestine. Here an arduous campaign awaited him.
God willing, and by His grace, you have time yet to prove how a consecrated determination can stretch out life's limits, and wondrously redeem no little of past failure. "I have written unto you, young men, because ye are strong." 1 St. John ii. 14. "I have written unto you, young men, because ye are strong." This description "young men" probably indicates that those to whom this part of St.
More than a week elapsed before Ormiston was called upon to redeem his promise. For Lady Calmady's convalescence was slow. An apathy held her, which was tranquillising rather than tedious. She was glad to lie still and rest.
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