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Updated: June 28, 2025
We are convinced by past experience, that all necessity for incurring interest-bearing obligations can be avoided. The use of Solaris Scrip in all intercolonial transactions, has proved a most potent factor in helping us to arrive at such a fortunate conclusion. By its use, ninety per cent of our business can be transacted on a cash basis, without using one cent of actual cash.
The funeral procession was a long one, and included all the finest automobiles and all the best people in Jordantown not that the best people had ever known the deceased, but most of them sustained anxious, interest-bearing relations to the William J. Mosely Estate. No one was weeping. No one was even looking sad. Everybody was talking.
Surely it should not pay them out again except on demand and for gold. If they are put out in any other way, they may return again, to he followed by another bond issue to redeem them another interest-bearing debt to redeem a non-interest-bearing debt.
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.
On the 30th day of June of that year we had outstanding demand liabilities in the sum of $728,868,447.41. On the 1st of January, 1879, these liabilities had been reduced to $443,889,495.88. Of our interest-bearing obligations, the figures are even more striking. On July 1, 1866, the principal of the interest-bearing debt of the Government was $2,332,331,208.
Declaring that the "international gold ring" was summoning all its powers to strike at the prosperity of the country, the authors of this address called upon Populists to take up the gauntlet and meet "the enemy upon his chosen field of battle," with the "aid and cooperation of all persons who favor the immediate free coinage of silver at a ratio of 16-1, the issue of all paper money by the Government without the intervention of banks of issue, and who are opposed to the issue of interest-bearing government bonds in the time of peace."
With a widowed aunt for the shadowiest of chaperons, she had drifted with the tide of inclination, coming finally to rest in the western capital for no better reason, perhaps, than that some portion of her interest-bearing securities were emblazoned with the great seal of this particular western State. Kent was thinking of Loring's recountal as he stood looking down on her.
The total interest-bearing debt is $963,777,770, of which $134,631,980 constitute the Panama Canal loan. The noninterest-bearing debt is $378,301,284.90, including $346,681,016 of greenbacks.
It can't be done. When the fruit comes in and this factory is running full time, it will earn well on toward $25,000 a year, and it will not cost over $14,000 to run it, interest and all. It won't take long at that rate to wipe out the interest-bearing debt. You'll be rich, Polly, before you're ten years older." "You are rich now, in imagination and expectation, Mr.
Nor should our condition be such as to oblige us, in a prudent management of our affairs, to discontinue the calling in and payment of interest-bearing obligations which we have the right now to discharge, and thus avoid the payment of further interest thereon.
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