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"That hill " But that was their only gleam of success. They were both nearly spent. Hoopdriver, indeed, was quite spent, and only a feeling of shame prolonged the liquidation of his bankrupt physique. From that point the tandem grained upon them steadily. At the Rufus Stone, it was scarcely a hundred yards behind.
The income tax has caused a new seasonal liquidation period to be written into the category of investment influences so that the present bond market, though definitely in a major trend upward, still hangs down around bargain levels.
We have a twofold duty before us: first to improve our armament; secondly, to promote the national industry, and to keep in mind the liquidation of our debts so far as our means go. The question arises whether it is possible to perform this twofold task. It is inconceivable that the German people has reached the limits of possible taxation.
Owing to the intelligent and judicious manner in which they handled the delicate problem of conducting a liquidation in listed bonds that should at once be effective and yet not lead to demoralization, they placed themselves among the foremost of those to whom the financial community owes a debt of gratitude.
The expulsion from the Grodno villages was the continuation of the policy of the rural liquidation of Jewry, inaugurated in 1823 in White Russia. The Grodno province was merely meant to serve as a starting point.
Dumouriez commanded on the north-eastern frontier in his place. France was still shuddering at the recollection of the prison-massacres of the Septembriseurs, and society, to use the phrase of a modern French revolutionist, was en proces de liquidation. Paine got on very well, at first.
Suppose a merchant runs a risk of a million, for twenty years he can neither sleep, eat, nor amuse himself, he is brooding over his million, it makes him run about all over Europe; he worries himself, goes to the devil in every way that man has invented. Then comes a liquidation, such as I have seen myself, which very often leaves him penniless and without a reputation or a friend.
In the beginning they had relied on the house and the two farms which the fugitive notary had left perforce behind him, but it was now certain that this property was in his wife's name and, while he was enjoying in Switzerland, as it was said, the beauty of the mountains, she lived on one of the farms, which she cultivated quietly, away from the annoyances of the liquidation.
She went out into the hall, got her sunshade, and left the house. She still had her work at the bank; the progress of liquidation was slow. Tasper Britt, from his office window, saw her coming. She wore no hat. The parasol framed the face that was still glowing after her battle for the sanctity of her love.
It is more likely, however, that such a period will be characterized by a falling off in business activity and an increase in unemployment, particularly at its commencement. Lastly, if the price movement is an indication of such a period of depression as may precede and usually does follow serious industrial crises, it is ordinarily accompanied by liquidation and curtailment of production.
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