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That is one reason I have been at pains to set forth that I do not see the way clear to make a radical reduction in the annual State budget. I now repeat that declaration, in spite of contradiction, because I know the citizens of this State have no desire for economies gained at such a sacrifice. The people have no stomach for retrenchment of that sort.

In short, he was, as we say of a proud merchant now and then, "embarrassed in his circumstances." He was obliged to economize. But the feudal family would not hear of retrenchment, and the baron himself had become more extravagant in his habits. As travel and commerce had increased he had new wants, which he could not gratify without parting with either lands or prerogatives.

What did you have in mind, Albert?" "Retrenchment. Cut production; abandon the factories in the immediate path of the Grass. Fix on reasonably safe spots to store depots of the finished concentrates, others for raw materials. Or perhaps they might be combined." "What about the factories?" "Smaller," I said. "Practically portable." "Hum." He frowned. "You do intend to do business on a small scale."

The bill was rejected, and Mr. Gladstone at a later period discovered that his progress in ecclesiastical and political opinions was creating a breach between himself and his constituents at Oxford. Mr. Gladstone's financial scheme for 1864 was received with undiminished interest. It was characterized as "a policy of which peace, progress and retrenchment were the watchwords."

However that might be, when her father set before her certain reasons for economy in household matters, for decided retrenchment indeed, she very considerately suggested that her Aunt Livy would be a very suitable person to see her father's wishes in this direction carried out, and advised that she should be sent for, and then she set about her own preparations.

Although he was still regarded with some little dread by his 'betters and his elders, to borrow his own phrase, the people hailed with satisfaction the rise of so honest, clear-headed, and dogged a champion of peace, retrenchment, and Reform.

Thus, when he required retrenchment, it was not in the number of objects of expense, but only in the prices charged for these articles by the furnishers; and I will elsewhere cite some examples of the effect which this idea produced on the conduct of his Majesty towards the accounting agents of his government. Now I am relating only private matters.

Happily at this time the nation was ready for the acquisition and in good shape financially to pay for it, since the country was prospering, and its finances, thanks to the President's policy of economy and retrenchment, were adequate to assume the burden involved in the purchase.

She consulted, and in a degree was influenced by her in marking out the scheme of retrenchment which was at last submitted to Sir Walter. Every emendation of Anne's had been on the side of honesty against importance. She wanted more vigorous measures, a more complete reformation, a quicker release from debt, a much higher tone of indifference for everything but justice and equity.

She consulted, and in a degree was influenced by her in marking out the scheme of retrenchment which was at last submitted to Sir Walter. Every emendation of Anne's had been on the side of honesty against importance. She wanted more vigorous measures, a more complete reformation, a quicker release from debt, a much higher tone of indifference for everything but justice and equity.