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Updated: June 22, 2025
Our iniquities may be 'more than the hairs of our heads, but as the psalmist who found his to be so comforted himself with thinking, God's 'thoughts which are to usward' were 'more than can be numbered. There would be a pardoning thought for every sin, and after all sins had been forgiven, there would be 'multitudes of redemptions' still available for penitent souls.
The total estimated disbursements for the present fiscal year, including twenty-five millions for the Panama Canal, twelve millions for probable deficiency appropriations, and fifty thousand dollars for miscellaneous debt redemptions, will be $753,891,000; and the balance in the general fund of the Treasury will be reduced to $20,644,605.78.
The fines on the succession to an estate, called in the feudal language "Reliefs," were not fixed to any certainty; and were therefore frequently made so excessive, that they might rather be considered as redemptions, or new purchases, than acknowledgments of superiority and tenure.
The total estimated disbursements for the present fiscal year, including twenty-five millions for the Panama Canal, twelve millions for probable deficiency appropriations, and fifty thousand dollars for miscellaneous debt redemptions, will be $753,891,000; and the balance in the general fund of the Treasury will be reduced to $20,644,605.78.
Our surplus revenues have permitted the Secretary of the Treasury since the close of the fiscal year to call in the funded loan of 1891 continued at 2 per cent, in the sum of $25,364,500. To and including November 30, $23,458,100 Of these bonds have been paid. This sum, together with the amount which may accrue from further redemptions under the call, will be applied to the sinking fund.
'Si quis in furto vel latro-cinio deprehensus fuisset, suspenderetur: sublata wirgildorum, id est, pecu-niarse redemptions lege. Larceny is the felonious taking and carrying away of the personal goods of another. 1.
We must either curtail the opportunity for speculation, made easy by the multiplied redemptions of our demand obligations, or increase the gold reserve for their redemption. We have $900,000,000 of currency which the Government by solemn enactment has undertaken to keep at par with gold. Nobody is obliged to redeem in gold but the Government. The banks are not required to redeem in gold.
As the electricity in the atmosphere may annihilate space by enabling us to flash a thought instantaneously even to a world whose distance is measured in millions of miles, so does this sublime conception of the great Oneness shatter the foundations on which all outside redemptions, priests, sacrifices, formalisms, rituals, sacraments, devilry, hell fire, and the rest repose, by showing every man that he is his own priest and sacrificer.
And further it is only just to bring help to those who shall come after us for they too are ours, though they be yet unborn; and love for man commands us also to help strangers who may pass by. The people of his time and neighbourhood seem to have fancied that the old man must have some bad motive. They understood mysteries and redemptions and revelations. They understood magic and curses.
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