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Updated: June 23, 2025
I have heard it many times as a reason against the way of obtaining the means for the Scriptural Knowledge Institution, simply by trusting in God, without any funded property, and without looking to regular subscribers; but my reply is this. My business is, with all my might to serve my own generation; in doing so I shall best serve the next generation, should the Lord Jesus tarry.
Including stocks, bonds, funded debt and debenture stock, the Dominion railways have a capital of $1,369,992,574; and the country that had not a foot of railroads, when the patriots fought the Family Compact, to-day possesses twenty-nine thousand miles of trackage, three transcontinental systems of railroads and threescore lines touching the boundary.
Something has already been said of the prospective breeding of pedigreed gentlefolk under the projected régime of peace. Pedigree, for the purpose in hand, is a pecuniary attribute and is, of course, a product of funded wealth, more or less ancient.
More to the point, if even well funded and aggressive technology development organizations such as DARPA find it difficult to remain ahead of commercial advancements, there may be a fundamental lesson to be learned regarding the management of defense-related technologies. Knowledge and Intelligence
We know how it emerges in hero-worship or in ardent friendships; how it reinforces the social instinct and produces the team-spirit, the intense devotion to the interests of his own gang or group which is rightly prominent in the life of many boys. The teacher has to reckon with this funded energy and enthusiasm, and use it to further the highest interests of the growing child.
The reader perhaps knows of debts on both sides the Atlantic that have no great prospect of being paid off sooner than this in Ceylon. And naturally, to match this order of debts, moving off so slowly, there are funds that accumulate as slowly. My own funded half-crown is an illustration. The half-crown will travel in the inverse order of the granite pillar.
At home, a sound credit had been created; an immense floating debt had been funded in a manner perfectly satisfactory to the creditors: an ample revenue had been provided; those difficulties which a system of internal taxation, on its first introduction, is doomed to encounter, were completely removed; and the authority of the government was firmly established.
It is therefore no more repugnant for religious to depend on funded wealth than it was for the Apostolic College to have a common purse. The secret reason for this condition of things is that works of zeal rarely yield abundant returns, and man cannot live on the air of heaven.
The aggregate of the funded debt, composed of debts incurred during the wars of 1776 and 1812, has been estimated with reference to the first of January next at a sum not exceeding $110 millions.
Perhaps you will not need your buttons for a week, and in a week you may have passed beyond the jurisdiction of buttons. But even if you should not, let the buttons and the holes alone all the same. For, first, the pleasant and profitable thing which you will do instead is a funded capital which will roll you up a perpetual interest; and secondly, the disagreeable duty is forever abolished.
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