four-per-cent

Updated: May 8, 2025

"And this young man," he said, "who thinks that we have abolished private property has at this moment in his pocket a card of credit representing a private annual income, for strictly personal use, of four thousand dollars, based upon a share of stock in the wealthiest and soundest corporation in the world, the value of his share, calculating the income on a four-per-cent basis, coming to one hundred thousand dollars."

Edward Bellamy - Equality

The condition of affairs in the city reminded one of the early days of the Rebellion. Wall Street was panicky chiefly because of the immense depreciation in railway securities. Government four-per-cent bonds, however, had gone up to ninety-eight. Provisions were high, and, through the stoppage of European commerce, the cost of imported articles, such as dress-goods, tea, etc., became excessive.

- Stories by American Authors, Volume 5