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Updated: May 5, 2025


I was going to have added, in view also of its greater economic enlightenment, but I feel that after the experience of the present war, and its financing by currency debasement, the less about economic enlightenment the better. What, then, stood in the way of measures of finance which would have obviously had results so much more desirable than those which will face us at the end of the war?

No bay, harbour, or island along the coast of China may be ceded or leased to any Power. As regards the right of financing a railway from Wuchang to connect with the Kiu-kiang-Nanchang line, the Nanchang-Hangchow railway, and the Nanchang-Chaochow railway, if it is clearly ascertained that other Powers have no objection, China shall grant the said right to Japan.

We should extend Medicare benefits that are now denied to 1,300,000 permanently and totally disabled Americans under 65 years of age. We should improve the process of democracy by passing our election reform and financing proposals, by tightening our laws regulating lobbying, and by restoring a reasonable franchise to Americans who move their residences.

"That's all right. Now look here." Daly drew towards him a sheet of paper and began to set down figures showing how the financing could be done. Finally it was agreed. Radway was permitted to draw on the Company's warehouse for what provisions he would need. Daly let him feel it as a concession. All this was in August. Radway, who was a good practical woodsman, set about the job immediately.

Bob was vaguely uneasy. He did not like the expression he had seen on Conroy's face. He did not like the tone in which he spoke. But it was obviously absurd to suppose that any one could take seriously the idea of financing an Irish revolution. Then Conroy began to talk about Ireland. He knew, it appeared, a great deal about the history of the country up to a certain point.

Moreover the business relation which he formed with Robert Morris in financing the investment brought him into personal contact for the first time with the interests behind Hamilton's financial program, the constitutionality of which he had already defended on the hustings.

Other than the fact that the Stacey interests put up the money for financing this building there seemed to be no reason for that fire at all. The building was reputed to be earning a good return on the investment, and I was at a loss to account for the fire.

He sees that democratic peoples do not desire to go to war, he does not believe that war is necessary and inevitable, he lays himself open to ridicule by financing a Peace Mission. Circumstances force him to abandon his project, but he is not for one moment discouraged. His intention remains.

Many gaps exist in the private financial mechanism, especially in the provision of long-term funds for small- and medium sized enterprises. In the peacetime economy the Reconstruction Finance Corporation will take the leadership in assuring adequate financing for small enterprises which cannot secure funds from other sources.

But the President allowed nothing to stand in the way of the establishment of the Federal Reserve system without which the financing of the greatest war in the history of the world would have been impossible. It was his courage and his persistency that provided the first uniform and harmonious system of banking which the United States has ever had.

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