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He, whether amongst the plundered, or, as is more probable, a considerable shareholder in the joint-stock privateers from Tenedos, &c., is safe both from further funding and refunding. We are not. And the first question of moment to any future tourist is, what may be the present value, at a British insurance office, of any given life risked upon a tour in Greece?

One of the chief recommendations in the President's message was the refunding of the debt in bonds, with interest not exceeding four and a half per cent. He urged legislation for redeeming the legal-tenders at their market value, at the option of the holder, increasing the rate from day to day or week to week.

The net saving to the Government on these transactions aggregates $9,106,166. Another effect of the operation, as stated by the Secretary, is to reduce the charge upon the Treasury for the payment of interest from the dates of refunding to February 1, 1904, by the sum of more than seven million dollars annually.

He'll be reading the papers pretty keenly now. And in to-morrow's, he'll find this advertisement." Average Jones read from a sheet of paper which he took from his pocket: "FOUND Old book in foreign language, probably Latin, marked 'Percival. Owner may recover by giving satisfactory description of peculiar and obscure feature and refunding for advertisement. Fichtel, 27 Jasmine Street."

In the process of refunding, the 5-20's, whose principal was payable in greenbacks, were replaced by others payable "in coin." In 1873, the coinage of the silver dollar was stopped, and the legal-tender quality of silver was taken away. The words "in coin" therefore meant "in gold." In 1878 silver was made legal tender, and given limited coinage. The South and the Negro

The amount of the public debt, less cash in the Treasury, November 1, 1878, was $2,024,200,083.18 a reduction since the same date last year of $23,150,617.39. The progress made during the last year in refunding the public debt at lower rates of interest is very gratifying.

And Tisdale had taken the little man's hand between both his own and called him "true gold." But he was in no pressing need of money, though it was possible he might delay in refunding those sums Banks had advanced on the project. He was able enough to be on his feet, but these doctors were cautious; it might be another month before he would be doing a man's work.

The refunding and retirement of the second and third Liberty loans have just been brought to a successful conclusion, which will save about $75,000,000 a year in interest. The unpaid balance has been arranged in maturities convenient for carrying out our permanent debt-paying Program. The enormous savings made have not been at the expense of any legitimate public need.

The business maxim of "service," the practices of refunding money if goods are unsatisfactory, of one price to all, of providing sanitary and even attractive factories and homes, and of paying a minimum wage far in excess of the market price, have often proved highly remunerative. Yet, I should not place exclusive, and perhaps not chief, reliance on these methods of appeal.

The queen, on her part, fixed the sum total of the debt at nearly a million and a half sterling, and required instant payment of at least one hundred thousand pounds on account, besides provision for a considerable annual refunding, assumption by the States of the whole cost of the garrisons in the cautionary towns, and assurance of assistance in case of an attack upon England.