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Updated: May 14, 2025
He invited capitalists not to speculate in the lottery, but to guarantee it for a certain sum. In the case of the lottery's losing, each guarantor would have to share in paying according to the sum named, and in like manner they would share in the profits. I promised to give him my opinion in writing by the next day, and I substituted the following plan for his: 1.
Thus, whether in mercantile transactions notice of a default by a principal shall be given to an endorser, or a guarantor, and when and how such notice shall be given, are not so important in themselves, as it is that there should be some rule to which merchants may adapt themselves and their transactions. Statutes cannot or at least do not, prescribe the rules in a large majority of cases.
It will be absolutely necessary that a force be created as a guarantor of the permanency of the settlement so much greater than the force of any nation now engaged or any alliance hitherto formed or projected that no nation, no probable combination of nations could face or withstand it.
The committee would repeat its opinion that, so far as purely business corporations are concerned, and excluding insurance, financial and public service corporations, the State cannot assume to act, directly or indirectly, as guarantor or sponsor for any organization under corporate form.
The European powers had displayed an apparent willingness to have the United States, if it chose to do so, assume the role of a New World policeman and financial guarantor. Were it to assume these duties, backward republics in the Caribbean and its vicinity were likely to have their affairs, internal as well as external, supervised by the big nation in order to ward off European intervention.
He went so far as to say that he would not sign the Treaty unless his country's claims were first settled, because that document would make the League of Nations and therefore Italy as a member of the League the guarantor of other nations' territories, whereas she herself had no defined territories for others to guarantee.
There is needed some State or quasi-public organisation which shall stand between the man and the employer, act as his banker and guarantor, and exact his proper price. Then, with his toil over, he would have an adequate pension and be free to do nothing or anything else as he chose.
Finding number two, we shall still be uncertain whether our guarantor really knows the difference between a good judge and a bad, and shall need a number three to guarantee number two; for how can we possibly know ourselves how to select the best judge?
Meanwhile this Government learned that Colombia had proposed to the European powers to join in a guaranty of the neutrality of the proposed Panama canal a guaranty which would be in direct contravention of our obligation as the sole guarantor of the integrity of Colombian territory and of the neutrality of the canal itself.
And from a similar state of mind came the inspiration of the sonnet entitled "The Atheist's Prayer," which is included in my Rosario de Sonetos Líricos, and closes with these lines: Sufro yo a tu costa, Dios no existiente, pues si tú existieras existiería yo también de veras. Yes, if God the guarantor of our personal immortality existed, then should we ourselves really exist.
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