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The public debt of the United States to the amount of $729,000,000 bears interest at the rate of 6 per cent, and $708,000,000 at the rate of 5 per cent, and the only way in which the country can be relieved from the payment of these high rates of interest is by advantageously refunding the indebtedness.
'I wad by no means, said Peter Peebles, 'do any substantial harm to the poor lad Fairford, who has had mony a gowd guinea of mine, as weel as his father before him; but I wad hae him brought back to the minding of my business and his ain; and maybe I wadna insist further in my action of damages against him, than for refunding the fees, and for some annual rent on the principal sum due frae the day on which he should have recovered it for me, plack and bawbee, at the great advising; for ye are aware, that is the least that I can ask NOMINE DAMNI; and I have nae thought to break down the lad bodily a'thegither we maun live and let live forgie and forget.
The marriage-knot, however, is never irretrievably tied; for if the wife finds a defect in her husband, she can return to her father by refunding the dowry; whilst the husband, if he objects to his wife, can claim half-price on sending her home again, which is considered fair, because as a second-hand article her future value would be diminished by half.
Humphreys to lose sight entirely of such a matter, and very natural for her, in her grief and confusion of mind, and inexperience, to be equally forgetful. She wrote immediately to Mr. Humphreys and supplied the defect, and hope brightened again. Once before she had written, on the occasion of the refunding her expenses. Mr.
I renew my recommendation of two years ago for the passage of a bill for the refunding to certain German steamship lines of the interest upon tonnage dues illegally exacted.
Promise me, Mr Newland, that upon any reverse or exigence, you will apply to me." "I candidly acknowledge to your lordship, that I would rather be under an obligation to anyone but you; and I trust you will clearly appreciate my feelings. I have taken the liberty of refunding the one thousand pounds you were so kind as to place at my disposal as a loan.
Once he stared at Breede's detached cuffs with a scorn so malevolent that Breede turned them about on the desk to examine them himself. Bean went white, feeling "ready for anything!" but Breede merely continued his babble about "Federal Express" stock, and "first mortgage refunding 4 per cent. gold bonds," and multifarious other imbecilities that now filled a darkened world.
But, victorious, it looked to the enemy for the means of refunding the cost of the war. The Finance Minister M. Klotz often declared to private individuals that if the Allies were victorious he would have all the new national debt wiped out by the enemy, and he assured the nation that milliards enough would be extracted from Germany to balance the credit and debit accounts of the Republic.
There now followed a period of adjustment, of refunding, scaling, and repudiation, which not only injured the credit of the states but left them with enormous debts. The Democratic party under the leadership of former Confederates began its regime of strict economy, race fairness, and inelastic Jeffersonianism.
The best mode suggested is that the Department be authorized to issue certificates of deposit, of the denomination of $10, bearing interest at the rate of 3.65 per cent per annum and convertible at any time within one year after their issue into the 4 per cent bonds authorized by the refunding act, and to be issued only in exchange for United States notes sent to the Treasury by mail or otherwise.
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