United States or San Marino ? Vote for the TOP Country of the Week !
Let me pray and fast some little longer Little Rhode Island will jump the first." Rhode Island says "Poor little I! What will become of me? This leap is of a frightful size. National finances were seriously impaired by the war. The lending section refused to support the Administration. Of the loan authorised in 1814, less than one-half was taken and that at a discount of twenty per cent.
To aid its credit, the receivers of the revenue were directed to take bank notes of the sub-receivers. All payments, also, of one hundred livres and upward were ordered to be made in banknotes. These compulsory measures for a short time gave a false credit to the bank, which proceeded to discount merchants' notes, to lend money on jewels, plate, and other valuables, as well as on mortgages.
Here, where everything is quite frankly on a money basis, and "positions" are made and lost like a fortune, by a turn of the market, those qualities which are purely mental, and on which it is hard to put a practical value, are naturally at a discount. We are quite ready to pay for the best.
The royal bank, which the regent himself hastened to foster when he saw the profits of the first private bank of circulation and discount France had ever known, issued notes against which Law entered immediately his firm protest. He saw that their tenor spelled ruin for the whole system of finance which, at such labor, he had erected.
"Tell them they can let a young man named Weston, with whom they've been in communication, have the money he asks for, to count as stock when he starts his company, at the biggest discount they can get. They can charge me usual brokerage, but they're to keep my name out of it." The secretary said it should be done, and Stirling sat down to his cigar with a smile.
Like William Hogarth he too was put in his early years to letter engraving; but, becoming tired of this rather dull employment, he ran away and joined a company of strolling players, sharing in the hardships and adventures of their roving life, perhaps taking part in such scenes as Hogarth had depicted in his famous print, where the company have successfully "stormed" their barn and are getting ready dressing-rooms being at a discount for the next performance.
But make the most of your opportunity, young feller! The day will come to you, as it has come to me, when everything you do will be done twenty minutes too late; when every dollar you make will be subject to a cash discount of one hundred per cent; when every competitor you held cheap will suddenly develop the luck of the devil, the brains of a Demosthenes, and the courage of a hog going to war."
Too, he was of giant proportions, the very weight of his huge bulk serving ofttimes to discount in his favor the superior agility of a younger antagonist.
Boaz, who was astonished at the bargain I had made with my shares, wanted to discount the Government securities for me, and I should very likely have agreed to his terms if he had not required me to give him three months, and the promise that the agreement should hold even in the case of peace being concluded in the meanwhile.
Certain outside creditors who had bought clock notes at a tremendous discount, believing that Barnum's means were still ample, made up their minds that they must be paid at once without waiting for the sale of the property by assignees.
Word Of The Day