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Updated: May 8, 2025
You want it to be a home for the mind as well as the body, do you not? I heard of a young lawyer who put aside a little of every fee as a sinking-fund for a library. He and his wife bought books with that not books for the office, but books for their home.
If it was a matter of employment, he turned the case over to some member of the Stove Circle; if it was a question of honest want, he drew on the "sinking-fund" and took a note payable in sixty days a most elastic note, always secretly renewable; if it was an idle beggar, a vagrant, he made short work of his visitor. Such a visitor was Lady Hickory.
The tax collected on oleomargarine was $723,948.04 for the year ending June 30, 1887, and $864,139.88 for the following year. The requirements of the sinking-fund act have been met for the year ended June 30, 1888, and for the current year also, by the purchase of bonds.
The tax collected on oleomargarine was $723,948.04 for the year ending June 30, 1887, and $864,139.88 for the following year. The requirements of the sinking-fund act have been met for the year ended June 30, 1888, and for the current year also, by the purchase of bonds.
In the meantime, Cowperwood had gone personally to Skelton C. Wheat and tried to explain his side of the situation, alleging that he had done no differently from many others before him, but Wheat was dubious. He did not see how it was that the sixty thousand dollars' worth of certificates were not in the sinking-fund. Cowperwood's explanation of custom did not avail. Nevertheless, Mr.
On the 30th day of June, 1885, the excess of revenues over public expenditures, after complying with the annual requirement of the sinking-fund act, was $17,859,735.84; during the year ended June 30, 1886, such excess amounted to $49,405,545.20, and during the year ended June 30, 1887, it reached the sum of $55,567,849.54.
"Pig-metal," mumbled the reporter, "um! coal facilities, um! hands employed, twelve hundred, bitumen, um! 'all right, I believe, Mr. Clarke; sinking-fund, what did you say was your sinking-fund?" "Twelve hundred hands?" said the stranger, the young man who had first spoken. "Do you control their votes, Kirby?" "Control? No." The young man smiled complacently.
As a matter of fact, under the custom which had grown up between him and Stener, the law had long been ignored in this respect. He could buy certificates of city loan for the sinking-fund up to any reasonable amount, hypothecate them where he pleased, and draw his pay from the city without presenting a voucher.
See that the certificates of loan which this represents are put in the sinking-fund to-day'? And why not? What a ridiculous supposition any other supposition is! As a matter of course and as had always been the case, Mr. Cowperwood had a system. When the time came, this check and these certificates would be automatically taken care of. He handed his bookkeeper the check and forgot all about it.
I've let the Regent for five years at seven thousand five hundred pounds a year to a musical comedy syndicate, since you're so curious. And when I've paid the ground rent and taxes and repairs, and something towards a sinking-fund, and six per cent on my capital, I shall have not far off two thousand pounds a year clear annual profit. You may say what you like, but that's what I call business!"
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