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In Germany, and up to the eighteenth century, the Empire, the sole central dignity, was elective and transferable. Spain was for a long while parcelled out into several distinct kingdoms, and since she attained territorial unity the houses of Austria and Bourbon have both occupied her throne. The monarchy and the republic for many a year disputed and divided Italy.
Five-sixths of the seventy-four thousand miles of railway which lead, without interruption of track, to Fairmount Park are of either one and the same gauge, or so near it as to permit the use everywhere of the same car, its wheels a little broader than common. From the other sixth the bodies of the wagons, with their contents, are transferable by a change of trucks.
Or, once more, my transferable belongings, "my-spear," or "my-canoe," undergo verbal modifications which are denied to non-transferable possessions such as "my-hand"; "my-child," be it observed, falling within the latter class. Most interesting of all are distinctions of person.
This is expressly provided for in Article 238 of the Treaty. Immediately Transferable Wealth After deduction of the gold to be returned to Russia, the official holding of gold as shown in the Reichsbank's return of the 30th November, 1918, amounted to $577,089,500.
It was a natural result of the system according to which kingdoms and provinces with the populations dwelling therein were transferable like real estate by means of marriage-settlements, entails, and testaments, that the proprietorship of most of the great realms in Christendom was matter of fierce legal dispute.
We have, therefore, a figure of from $500,000,000 to $1,250,000,000 as the maximum contribution from Germany's foreign securities. Her immediately transferable wealth is composed, then, of Of the gold and silver, it is not, in fact, practicable to take any substantial part without consequences to the German currency system injurious to the interests of the Allies themselves.
Germany has already consigned all her transferable wealth; the gold in her banks, her colonies, her commercial fleet, a large and even the best part of her railway material, her submarine cables, her foreign credits, the property of her private citizens in the victorious countries, etc.
He had proposed, and Philip had approved the proposition, that the Count Van Buren should be clothed with his father's dignities, on condition that the Prince should himself retire into Germany. It was soon evident, however, that such a proposition would meet with little favor, the office of father of his country and protector of her liberties not being transferable.
The Reparation Commission can, therefore, expect no addition from other sources to the sum of from $500,000,000 to $1,000,000,000 with which we have hypothetically credited it after the realization of Germany's immediately transferable wealth, the calculation of the credits due to Germany under the Treaty, and the discharge of the cost of the Armies of Occupation.
I said to him that I did not hide my ignorance or my disgust for all finance matters; that, nevertheless, what he had just explained to me appeared good in itself, that without any new tax, without expense, and without wronging or embarrassing anybody, money should double itself at once by means of the notes of this bank, and become transferable with the greatest facility.
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