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Updated: May 22, 2025
Even the 40,000 dollars stipulated by the authorities at Guayaquil as the penalty of giving up the Venganza was never liquidated, though the frigate was delivered to Peru contrary to written stipulations previously adduced and was thus added to the Peruvian navy without cost to the State, but in reality at the expense of the Chilian squadron, which ran it down into Guayaquil.
The bonded debt, as above designated, comprised the public indebtedness represented by outstanding bonds; the liquidated debt consisted of items secured by international protocols or by formal contracts; the floating debt consisted of admitted indebtedness, neither funded nor secured, but evidenced by public obligations; the declared claims were claims presented for reimbursement or indemnity but not expressly recognized by the government; and the undeclared claims were claims of the same nature not yet formally presented.
Then that too disappeared, as if it had sunk into the living depths of the tropical vegetation, which is more jealous of men's conquests than the ocean, and which was about to close over the last vestiges of the liquidated Tropical Belt Coal Company A. Heyst, manager in the East. Davidson, a good, simple fellow in his way, was strangely affected.
Spain, indeed, has lately agreed to our cutting log wood, according to the treaty, and sent strict orders to their governor to allow it; but you will observe too, that there is not one word of reparation for the losses we lately sustained there. But France is not even so tractable; it will pay but half the money due, upon a liquidated account, for the maintenance of their prisoners.
Any child could make sufficient Philosopher's Stones from this simple recipe to pave a street with a most useful asset, by the way, to the Chancellor of the Exchequer at the present time, for every bicycle, omnibus and motor-lorry driving over the Philosopher Stone-paved street would instantly be changed automatically into pure gold, and the National Debt could be satisfactorily liquidated in this fashion in no time.
The second letter contains an account of the "trafficking off" of a wagon and fine pair of Pennsylvania horses, the news that a debt had been partially liquidated by the payment of sixty pounds' worth of rum and sugar, which in turn went to pay workmen, and continues: "The common people are and will be much distressed for want of Bread.
This was a liquidated debt ascertained to be due to Texas when an independent state. Her acceptance of the terms of annexation proposed by the United States does not discharge or invalidate the claim. I recommend that provision be made for its payment.
You must remember that it was Roland who liquidated our last debt there, without asking or receiving a word of thanks, and he did that not a moment too soon, for the landlord was at the end of his resources and would have closed his tavern within another week."
They hated him more than ever now, with a hatred that could be liquidated only in blood.
The second would have £50,000, bringing in, say, £5000 annually, and would be attempting to pay £8000 out of it, while the third would be paying £2000 a year out of his income and still be faced with an 80 per cent. charge on his fortune! His assessment is computed at one point of time, and liquidated at another, when its incidence is totally different.
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