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Updated: June 26, 2025
In January 1977, the farm economy was in serious trouble. Farm prices and farm income were falling rapidly. Grain prices were at their lowest levels in years and steadily falling. Livestock producers, in their fourth straight year of record losses, were liquidating breeding herds at an unparalleled rate. Dairy farmers were losing money on every hundredweight of milk they produced.
Louis October 17th, and found the partners engaged in liquidating the balances due depositors as fast as collections could be forced; and, as the panic began to subside, this process became quite rapid, and Mr.
These advances, with the charges of the funeral and other expenses, amounted to a considerable sum, which the poverty- struck student and his acute legal adviser equally foresaw great difficulty in liquidating. The said Mr.
Gabriel Street Presbyterian Church and his name appears for ten pounds on a special subscription list for liquidating the debt on the original building; he signed the manifesto in favour of the first pastor of the Church, the Rev. James Somerville; he contributed five pounds annually towards his salary and occupied pews No. 19 and No. 99. He died in 1815 at the age of sixty.
Talleyrand, bishop of Autun, proposed to the clergy that they should renounce it in favour of the nation, which would employ it in defraying the expenses of worship, and liquidating its debt. He proved the justice and propriety of this measure; and he showed the great advantages which would accrue to the state. The property of the clergy amounted to several thousand millions of francs.
None of the principal and only a trifling portion of the interest were paid, and it seems that the different Administrations never had any intention of liquidating the obligations of the Republic. The principal portion of the bonds was held by European creditors.
By straining his credit to the utmost liquidating everything he himself could raise a trifle more than seventy thousand dollars. He hesitated no longer. Methodically, he apportioned out the seventy thousand dollars among a dozen brokers, who to-morrow should buy for him, on a ten point margin, L.D. and M. stock at fifty to fifty-three.
There had been paid over by Captain Flagg to government toward liquidating the war debt, thirteen thousand dollars. All of this was the avails of negro help on the government farms, except the Wise and Taylor plantations, that were still occupied for the benefit of the aged, sick, blind, and crippled men, women, and orphans.
Henceforth all coins must be token coins. Yet the whole world was accustomed to metallic money, and a vast proportion of existing human relationships had grown up upon a cash basis, and were almost inconceivable without that convenient liquidating factor.
His bread and butter was at stake. Had it truly been so, it would have meant a black mark against him, perhaps discharge and the outlook for an unemployed man is bitter just at present. They tell me that Europe began liquidating two years ago, and that now the United States has begun.
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