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Updated: May 28, 2025
Whether the debt is ultimately paid in gold or in silver coin is of but little moment compared with the possible reduction of interest one-third by refunding it at such reduced rate.
The progress of refunding the public debt has been rapid and satisfactory. Under the contract existing when I entered upon the discharge of the duties of my office, bonds bearing interest at the rate of 4 1/2 per cent were being rapidly sold, and within three months the aggregate sales of these bonds had reached the sum of $200,000,000.
The bonds of the Government bearing only 4 per cent interest have been sold at or above par, sufficient in amount to pay off all of the national debt which was redeemable under present laws. The amount of interest saved annually by the process of refunding the debt since March 1, 1877, is $14,297,177.
He only took it for a time, with the full intention of refunding it when better times should come. On this point Fred's style of reasoning was in exact accord with that of his unhappy friend. Tom never for a moment regarded the misappropriation of the gold as a theft. Oh no! it was merely an appropriated loan a temporary accommodation.
He filled this position with great ability for four years, originating and promulgating, among other measures, the plan of refunding the public debt. During that period he made but one argument, when he appeared in the Supreme Court on the appeal by his client of a patent case, of which he had had charge from the beginning.
Slight provocations however have been sometimes known to renew the feud, and there are not wanting instances of a son's revenging his father's murder and willingly refunding the bangun.
On completion the Company organized its own express "The Union Pacific Railroad Express" which continued to handle the express until re-organized as the Pacific Express Company. Congress was appealed to in 1893 to pass a refunding bill, but failed to act.
This intimation produced a great deal of clamour against me, especially among the losers, who threatened with many oaths and imprecations, to take me up by a warrant as a sharper, unless I would compromise the affair by refunding the greatest part of my winning.
One of the principal creditors of the marquis was the proprietor of the house in which father and daughter had lived for three years without paying rent, or refunding the small sums he had lent to them. This proprietor was a young watchmaker, named Hahn, an excellent young man, who had given the family of the French marquis not only his money, but his heart.
"You are a rank humbug; you have taken my money under false pretences. I've a precious good mind to report you to your superiors, and insist upon your refunding the money. You've swindled me out of it, thief and liar that you are." "Come, come, don't speak so freely.
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