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They desired a guaranteed rate of interest, while the Spanish Government would have nothing but a subvention paid down in one lump sum, arguing that it would be impossible to tell when a line was making more than the guaranteed interest, "as the companies would so arrange their accounts as to show invariably an interest smaller than that guaranteed!"
The reasons given for these increases were: in the case of the American Line, because this line "meets the fiercest competition of the State-aided corporations of Europe, soon to be intensified by the new subvention of one million one hundred thousand dollars granted to the Cunard Company by the British Government, on terms so liberal as to make it equivalent to one and a half million dollars a year"; and in the case of the Australasia Line, because it "operates in Pacific waters where cost of fuel, labor, etc., is considerably greater than at Atlantic ports; ... is required to maintain a very high speed; ... employs exclusively white crews instead of the Asiatics utilized by many other Pacific companies."
The king summoned the Parliament to Versailles, and on the 6th of August, 1787, the edicts touching the stamp-tax and territorial subvention were enregistered in bed of justice. The Parliament had protested in advance against this act of royal authority, which it called "a phantom of deliberation."
That was a great concession to the self-government of the Mother Country. There is no doubt a great difference between subventions and preferences. A subvention may be raised by a perfectly orthodox fiscal process. No more money is taken from the taxpayer than is required.
He has a good landlord, borrows money by the subvention, and has a perfect horror of the class of men who will obtain the upper hand in Ireland. A Nationalist over the way was about to extend the buildings you see there. Plans were drafted, and offices were to be built. Out comes the bill and in goes the project.
For many reasons I cannot too strongly urge upon the Congress the passage of a measure by mail subsidy or other subvention adequate to guarantee the establishment and rapid development of an American merchant marine, and the restoration of the American flag to its ancient place upon the seas.
Special to our Readers Those of you who have not received your REVIEWS on time will probably now find a double interest in the article in the last number, on Our Government Subvention to Literature. In conveying periodicals so cheaply, not only is Uncle Sam engaged in a bad job, but he is doing it cheaply, and consequently badly, and he has more of it than he can well handle.
In 1901 the subvention to the East African line was increased to one million three hundred and fifty thousand marks. Thus Germany's grand total of annual payments in postal subventions had reached six million nine hundred and forty thousand marks. These include substantial reductions on merchandise exported from inland Germany to East Africa and the Levant.
He also protected Protestantism, the members of which were entitled to all the benefits secured to the other Christian communions, "with the exception of pecuniary subvention." The comparative liberty which the Protestants of France had enjoyed under the Republic and the Empire seemed to be in some peril at the restoration of the Bourbons.
I should prefer to remain without subvention from that quarter which would make any subsequent relation to the Weimar Court much easier to me, because it is my nature to give rather than receive.
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