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Updated: May 27, 2025
After paying its debts, providing for the ecclesiastical services and that of hospitals, and the endowment of its ministers, sufficient would still remain to extinguish the public debt, whether permanent or annuities, and to reimburse the money paid for judicial offices. The clergy rose against this proposition.
They interested him as a mathematical study, and also from the humanitarian point of view. He purchased "David Jones on Annuities," and the best works on life insurance.
Your Great Father wishes you well, and asks nothing from you but what is reasonable and right. I hope you will consult your own interests, and leave the country you are occupying, and go to the other side of the Mississippi." I replied: "We have never sold our country. We never received any annuities from our American father, and we are determined to hold on to our village."
The supplies were raised by a continuation of the land-tax, the duties upon malt, cyder, and perry, an additional imposition on unmalted corn used in distilling, and by sale of annuities to the bank not exceeding fifty thousand pounds per annum.
For the regular payment of all such annuities as should be made payable by this act, it was enacted, that all the duties and revenues mentioned therein should continue for ever, with the proviso, however, that the revenues rendered by this act perpetual should be subject to redemption. This act contained a clause by which the sinking fund was established.
And be it further enacted, That the payment of all annuities or other sums stipulated by treaty to be made to any Indian tribe, shall be made to the chiefs of such tribe, or to such person as said tribe shall appoint; or if any tribe shall appropriate their annuities to the purpose of education, or to any other specific use, then to such person or persons as such tribe shall designate.
"Very well, you can judge for yourself how much he is worth." Mme. Cibot's head was swimming; she wheeled round. In a moment came the thought that she would have a legacy, she would sleep sound on old Pons' will, like the other servant-mistresses whose annuities had aroused such envy in the Marais.
But the operation was not brilliant for the government. Nor was the sale of annuities more judiciously managed. Here, as in the lotteries, Necker copied old models, without making any improvements of importance.
Before that time $400,000 had been collected from other sources for the same purpose, the largest single contribution toward this amount being $50,000 from the late Collis P. Huntington. As already stated, the income from the present endowment is $40,000, out of which several annuities are paid.
"Very well, you can judge for yourself how much he is worth." Mme. Cibot's head was swimming; she wheeled round. In a moment came the thought that she would have a legacy, she would sleep sound on old Pons' will, like the other servant-mistresses whose annuities had aroused such envy in the Marais.
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