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Updated: May 5, 2025
The subscriptions in the debts of the respective States as far as the provisions of the law have permitted may be said to be yet more general. The part of the debt of the United States which remains unsubscribed will naturally engage your further deliberations.
This law provided that the annuities at five per cent, charged on the general fund by a former act, except such as had been subscribed into the South-Sea, together with the unsubscribed blanks of the lottery in the year one thousand seven hundred and fourteen, should be paid off at Lady-day of the year next ensuing, with the money arising from the sinking fund.
The subscriptions in the debts of the respective States as far as the provisions of the law have permitted may be said to be yet more general. The part of the debt of the United States which remains unsubscribed will naturally engage your further deliberations.
On the whole, the provisions of this year amounted to five millions one hundred and twenty-five thousand and twenty-three pounds, eleven shillings and sevenpence, to be raised by the usual duties; the sum of one million twenty-six thousand four hundred and seventy-six pounds, four shillings and sixpence, advanced by the bank of England to pay off their own unsubscribed annuities, for which they accepted exchequer bills at three per cent, interest; by the land-tax at three shillings in the pound; a lottery and annuities, at the rate of three per cent, per annum, to be charged on the sinking-fund redeemable by parliament.
It was Manning, the real estate man, who sprung the new proposition. "That fool inventor Nevins," says he, "insists that if we can give him two weeks more and raise twenty-five thousand, he can perfect his machine and start manufacturing. Now if we could only find buyers for half those unsubscribed shares " "Bah!" snorts Fosdick. "Hasn't Woodbury hawked 'em all over town? Why isn't he here now?
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