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Wilfrid Blunt, a distinguished British Liberal and a friend of Arabi, who had often expressed his sympathy with the cause of the Nationalists in their endeavour to free Egypt from the slavery of the foreign bondholder, now raised a vigorous protest in favour of an open trial.
This right could not justly exist, unless the bondholder could invest his funds elsewhere to equal advantage; but being confined to the State, where can he find a place to invest them, since the cause of conversion, that is, the power to borrow to better advantage, lies in the State?
The State cannot be obliged to repay; and, if it consents to redeem, it will do so in proportion to the net income. Therefore a bond for twenty thousand francs will be worth not more than ten thousand to the bondholder, because of the tax, if he wishes to get it redeemed by the State: unless he divides it into twenty lots, in which case it will return him double the amount.
But while it acts with fidelity toward the bondholder who loaned his money that the integrity of the Union might be preserved, it should at the same time observe good faith with the great masses of the people, who, having rescued the Union from the perils of rebellion, now bear the burdens of taxation, that the Government may be able to fulfill its engagements.
But while it acts with fidelity toward the bondholder who loaned his money that the integrity of the Union might be preserved, it should at the same time observe good faith with the great masses of the people, who, having rescued the Union from the perils of rebellion, now bear the burdens of taxation, that the Government may be able to fulfill its engagements.
You may not find John Parker's name listed either as stockholder, bondholder or director, but you might find the First National Bank of El Toro, represented by the cashier or the first vice-president of that institution.
The company guaranteed the stockholders a profit of ten per cent. each month, payable on the last day thereof. When any stockholder had paid in as much as $100, the company issued him a Gold Bond and he became a bondholder.
Whether the former receives any dividends or not the latter must have his interest, and the more of labor products required to pay it the more he is enriched. The railway bondholder is usually the party who holds a $500 mortgage on a $10,000 farm.
There is our friend once more; our friend the burgomaster, in a highly excited state, and running as hard as his great legs will carry him, with our mutual enemy at his tail. What are the bets; will that long-legged bondholder of a devil come up with the honest Dutchman? It serves him right: why did he put his name to stamped paper?
"In other words, a bond is the Corporation's promissory note for the money originally paid by the investor, with interest for the same, to be paid to the investor in stated amounts at stated intervals; and to guarantee its good faith in the matter, the Company pledges the bondholder an interest in certain property in its possession.
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