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Updated: May 1, 2025
It is in vain to pile detail on detail when the objection is one of first principle. If the above reasoning be sound, compulsory constituencies are necessary, voluntary constituencies destructive; the optional transferability of votes is not a salutary aid, but a ruinous innovation. I have dwelt upon the proposal of Mr.
The forthcoming Budget Message will propose maintenance of the Presidential power of transferability of all assistance funds and will ask authority to merge these funds with the regular defense funds. It will also propose that the Secretary of Defense have primary responsibility for the administration of foreign military assistance in accordance with the policy guidance of the Secretary of State.
By being brought from the coffers of the bank, besides, it lost all the other advantages of bank money; its security, its easy and safe transferability, its use in paying foreign bills of exchange. Over and above all this, it could not be brought from those coffers, as will appear by and by, without previously paying for the keeping.
If the observing habits of a botanist or chemist or engineer are better habits than those which are thus formed, it is because they deal with subject matter which is more significant in life. In concluding this portion of the discussion, we note that the distinction between special and general education has nothing to do with the transferability of function or power.
The forthcoming Budget Message will propose maintenance of the Presidential power of transferability of all assistance funds and will ask authority to merge these funds with the regular defense funds. It will also propose that the Secretary of Defense have primary responsibility for the administration of foreign military assistance in accordance with the policy guidance of the Secretary of State.
The first step to an estimate of the value of the doctrine would be to draw up a statement of the 'postulates' implied. Among them, we should have such formulæ as the single rate of profits and wages; which imply the 'transferability' of labour and capital, or the flow of either element to the best-paid employment.
Modern economic theories depend for their validity on the postulates of the transferability of capital and of labour. In proportion to the limitation of the industries possible to a community, their laws apply, or fail to apply, within that community.
Thus in any state with its commerce in the making, when the transferability of capital and labour is at best in dispute, the theory of buying in the cheapest market, wherever it is to be found, is not in favour. It is held better to raise the prices to the point at which the native product pays its native producers.
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