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The General's face relaxed its habitual sternness; he grew at once pleasant and polite. "Good," he said. It is rather more than the fine," he explained, "but I have made allowance for the fact that they are not immediately redeemable. They are mostly stamped, and they are as good as gold." For three minutes there was absolute silence in the room.
I can not doubt but that the notes which it proposes to furnish at the voluntary option of the public creditor, issued in lieu of the revenue and its certificates of deposit, will be maintained at an equality with gold and silver everywhere. They are redeemable in gold and silver on demand at the places of issue. They are receivable everywhere in payment of Government dues.
And I have spent Beaty's little portion: and the Lord knows what will come if I live; the best thing I can do is to die, and release what portion of the estate is redeemable for the boy."
These will be in denominations of $100 each, bearing six per cent. interest after two years from June 1, 1914, and will be redeemable, at the option of the mortgagor, at any regular annual interest period on or after five years from the date of issue. They will be payable in fifteen years.
The only parts of this figure which have suffered seriously in repainting are the leaves of the rod, and the scorpion. I have no idea, as I said above, what the background once was; it is now a mere mess of scrabbled grey, carried over the vestiges, still with care much redeemable, of the richly ornamental extremity of the rod, which was a cluster of green leaves on a black ground.
Upon it were strung three of the thin brass tokens pierced in the centre by a square hole that were in ordinary use among the Doomsmen as currency, redeemable against the material supplies on hand in the public storehouses. The girl untied the thong and let the coins fall upon the table. She pushed them over to the fellow with a gesture superbly indifferent. "Go now," she said, curtly.
They sold consols at Law's bank, and were paid in his bills, with which they bought shares. The bills of the bank were of course redeemable in gold and silver; but for a time nobody wanted gold and silver, so great was the credit of the bank. Moreover, the bank itself was guaranteed by the shares of the Company, which were worth at one period twelve times their original value.
Jemima accommodated herself much more readily to greatness; but she retained all her native Hazeldean simplicity at heart, and is adored by the villagers around her, especially by the young of both sexes, whom she is always ready to marry and to portion, convinced, long ere this, of the redeemable qualities of the male sex by her reverence for the duke, who continues to satirize women and wedlock, and deem himself thanks to his profound experience of the one, and his philosophical endurance of the other the only happy husband in the world.
He was authorised to deposit with the Controllers of the Ottoman National Debt German Imperial Bills of £T30,000,000, and to issue German paper money to the like amount. This arrangement insures the circulation of the German notes, which are redeemable by Turkey in gold two years after the declaration of peace.
You here, in New York, have sound bank paper, redeemable in coin; and if you were surrounded by a Chinese wall, it might be indifferent to you whether government looked after the currency elsewhere or not.
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