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As Treasurer in 1870 he proposed to borrow ten millions to be expended on railways, roads, land purchase, immigration, and land settlement. With great wisdom he suggested that the cost of the railways should be recouped from a public estate created out of the crown lands through which they might pass. With striking unwisdom the Provincialists defeated the proposal.
A good many of his investments were palpably bad; and they could be recouped only by the backing of the combination. And the combination obstinately refused to combine unless the Little Alicia could be gathered in. At the end of the ends Mr. Colbrith appealed to his nephew. "You know where Ford is," he began accusingly. "You needn't deny it.
Others did well Hawkins reported at the end that they all did well but Scott was the most excellent, for he kept good coined rupees by him, and paid for his own cart-repairs on the spot, and ran to meet all sorts of unconsidered extras, trusting to be recouped later.
Their ambition being thus fixed upon one subject, they soon mastered all the degrading arts of accumulating gain; and prohibited from investing their gain in the purchase of land, they found n more profitable employment of it in lending it at usurious interest to the thoughtless and extravagant." In course of time the borrowers recouped their losses by inaugurating raids upon the Jews.
At their emancipation it was necessary to provide them with land of their own; the State, therefore, bought what was considered sufficient for the purpose from the landowners, handed it over to the peasants, and recouped itself by imposing a land-tax on the peasants to expire after a period of forty-nine years.
I recouped him for the expense by holding a bank at faro, at which I was dexterous enough to lose forty crowns to the family, without having the slightest partiality to Mariuccia who won like the rest.
Should the eventuality arise of the Indian woman dying before her husband, the latter must quit the place, which was hers only conditionally, though the Indian Council will entertain a reasonable claim from him, to be recouped for any possible outlay he may have made for improvements.
The principal was to be recouped by an annuity of 4 per cent., extending over a period of forty-nine years, instead of an annuity of 5 per cent. extending over a period of thirty-five years. The English Exchequer was to advance the money on the basis of interest at 3-1/8 per cent., instead of at 3-1/2 per cent.
I recouped him for the expense by holding a bank at faro, at which I was dexterous enough to lose forty crowns to the family, without having the slightest partiality to Mariuccia who won like the rest.
He capitulated instantly; but he was over-voluble in his reassurances and somehow she divined that her apology had missed fire so far as it affected his determination to leave when he had recouped her brother for the losses he had unwittingly brought about. She was not for a moment deceived by his studiously polite words but was too politic to betray it.
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