United States or Austria ? Vote for the TOP Country of the Week !
The effect of these laws was to stimulate overproduction. The Nippon Yusen Kaisha ordered eighteen large freight steamers aggregating 88,000 tons. This, together with the business depression of 1898-99, brought losses to the shipping companies despite the large subsidies. The rapidly increasing amounts of the subsidies, too, were giving the Government concern.
To this diplomatic correspondence succeeded a war of words and of pamphlets, some of them very inflammatory and very eloquent. Meantime, the preparations for active hostilities were proceeding daily. The Prince of Orange, through his envoys in England, had arranged for subsidies in the coming campaign, and for troops which were to be led to the Netherlands, under Duke Casimir of the palatinate.
By the acts of July 1, 1862, and July 1, 1864, Congress, in order to encourage the building of a trans-continental railroad, granted to several Pacific railroad companies subsidies in land adjacent to the roads, and issued certain amounts of bonds on which was guaranteed interest at the rate of six per cent.
I am strongly inclined to the opinion that it is inexpedient and unnecessary to bestow subsidies of either description; but should Congress determine otherwise I earnestly recommend that the right of settlers and of the public be more effectually secured and protected by appropriate legislation.
Although such was the critical state of the English interest, this lieutenant obtained from the fears of successive Parliaments annual subsidies of 2,000 pounds and 3,000 pounds.
The usurpation of the royal authority was flagrant, the city-assembly voted subsidies, and Paris wrote to all the good towns of France to announce to them her resolution.
For three years public opinion in England had been divided, some sustaining on the one hand Canning's policy of striving to defeat Napoleon by rousing the Continental nations and furnishing them with subsidies for warfare, others preferring that of Castlereagh, which advocated the sending of English forces into the Continent. The latter theory had temporarily prevailed.
"A king of England had no reason but to seek always to decline a war; for though the sword was indeed in his hand, the purse was in the people's. One could not go without the other. Suppose a supply were levied to begin the fray, what certainty could he have that he should not want sufficient to make an honourable end? If he called for subsidies, and did not obtain, he must retreat ingloriously.
And in the letter which he wrote to the most Serene Infanta, Margaret of Sovoy, Dowager Duchess of Mantua, to invite her to take this Congregation under her protection, he says: "This Congregation does not solicit alms, but is established in such a manner that the ladies who enter it give a dowry in order to maintain the buildings, the sacristy, the chaplain, and to defray the expenses of illness, etc., either by means of a regular and perpetual income, or by some other way which cannot injure anyone or interfere in any possible manner with the payment of the taxes and subsidies due to his most Serene Highness the Duke.
In the north, Henry VIII. continued his preparations for an expedition into France, obtained from his Parliament subsidies for that purpose, and concerted plans with Emperor Maximilian, who renounced his doubtful neutrality and engaged himself at last in the Holy League.
Word Of The Day