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There has been paid thereon $11,762,543.12, which has been covered into the Treasury, and the remainder, payable within ten years, with interest at the rate Of 3 per cent per annum, payable semiannually, is secured by the deposit of an equal amount of first-mortgage bonds of the Pacific Railway companies.
The bid at the sale covered the first-mortgage lien and the entire mortgage claim of the Government, principal and interest. This left the Kansas Pacific case unconcluded. By a decree of the court in that case an upset price for the property was fixed at a sum which would yield to the Government only $2,500,000 upon its lien.
John knew also how nearly down to nothing the price of his own company's first-mortgage bonds had declined; but the Colonel's tidings of a later fate fell upon him like a thunderbolt.
"There's millions represented here!" He lifted one tenderly and held it to the light, fresh as it came from the engraver's press a thousand dollar first-mortgage bond of The Chicago Water Front and Terminal Company. "Look at that! Good as gold if the courts only knew the law."
She intended that the ship which had brought Ulysses to her island should take him off again after a decent interval of honeymoon; then she would confess all to Mrs. Bilkins, and be forgiven, and Mr. Bilkins would not cancel that clause supposed to exist in his will bequeathing two first-mortgage bonds of the Squedunk E. B. Co. to a certain faithful servant.
I mention this in passing only because the suit-case, containing as it did all the essential features of a gentleman's evening attire, even to three superb pearl studs in the bosom of an immaculately white shirt, all of them, marvellously enough, as perfectly fitting as though they had been made for me, with a hundred unregistered first-mortgage bonds of the United States Steel Company of which securities there will be more anon enabled me later to appear before Mrs.
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