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Nineteen thousand five hundred and ninety-five dollars from twenty-two thousand seven hundred and sixty dollars leaves three thousand one hundred and sixty-five dollars to charge to our investment. I resent the word 'permanent, which you underscored just now, for each year we're going to have a surplus to subtract from this interest-bearing debt."
If this work is to be promoted by the usual financial methods and without the aid of this Government, the expenditures in its interest-bearing securities and stock will probably be twice the actual cost. This will necessitate higher tolls and constitute a heavy and altogether needless burden upon our commerce and that of the world.
Greenbacks, or non interest-bearing legal tenders were still, October 1, 1894, outstanding to the amount of $346,681,000; yet this division of the debt, too, had been vastly reduced, having stood at $433,160,569 on August 31, 1865.
To interest-bearing government bonds, and in favor of a national currency issued directly to the people without the intervention of banks. The Workingman in Politics%. As these ends could be secured only by legislation, they very quickly became political issues and brought up a new set of economic questions for settlement.
These bills had been introduced in the House of Representatives, immediately upon its convening in December, 1895, by the committee on rules, before Speaker Reed had even appointed the general committees. One was a bill to authorize the issuance of interest-bearing securities of the United States at such times and in such sums as the Executive might determine.
The policy of applying this surplus to the redemption of the interest-bearing securities of the United States was thought to be preferable to that of depositing it without interest in selected national banks. There have been redeemed since the date last mentioned of interest-bearing securities $259,079,350, resulting in a reduction of the annual interest charge of $11,684,675.
Such wonderful creatures must have a house and grounds of their own to retire to when they were weary of using ours, or when our presence bored them. The kennel and runs were built near the carriage barn, the runs, twenty by one hundred feet, enclosed with high wire netting. The house for these dogs cost $200, so I was obliged to add another $400 to the interest-bearing debt.
"Why, of course; we've been no end more comfortable here." "Well, if we don't expect to get something for nothing, I think we ought to add it. Adding $4000 will make the returns from the farm $15,118, leaving $18,276 to add to the interest-bearing debt. Last year this debt was $84,404. Add this year's deficit, and we have $102,680.
If the holder of the United States note prefers the gold and gets it from the Government, he should not receive back from the Government a United States note without paying gold in exchange for it. The reason for this is made all the more apparent when the Government issues an interest-bearing debt to provide gold for the redemption of United States notes a non-interest-bearing debt.
The postal revenue receipts amounted to $237,879,823,60, while the payments made for the postal service from the postal revenues amounted to $237,660,705.48, which left a surplus of postal receipts over disbursements Of $219,118.12, the first time in 27 years in which a surplus occurred. The interest-bearing debt of the United States June 30, 1911, amounted to $915,353,190.
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