"Redeemable" Quotes from Famous Books
 ... emphatic. Calling attention to the fact that the annual surplus had increased to more than $145,000,000, he observed that "either the surplus must lie idle in the Treasury or the Government will be forced to buy at market rates its bonds not then redeemable, and which under such circumstances cannot fail to command an enormous premium, or the swollen revenues will be devoted to extravagant expenditures, which, as experience has taught, is ever the bane of ...
— The Cleveland Era - A Chronicle of the New Order in Politics, Volume 44 in The - Chronicles of America Series • Henry Jones Ford
... judge; but the Colonel said that Balderson was proud of official distinction, and probably levied mild tribute from the people who indulged in riotous living, by compelling them to buy drink-checks redeemable ...
— In Our Town • William Allen White
... reported a bill providing, in effect, for the assumption by Congress of the whole sum and interest, as a loan to the United States, invested in their stock, bearing an annual interest of six per cent., payable half-yearly, and redeemable at the pleasure of Congress by the substitution of other funds of equal value. In connection with this purpose they reported a bill making appropriations to enable Congress to proceed immediately to the execution of the trust committed to them by the testator, ...
— Memoir of the Life of John Quincy Adams. • Josiah Quincy
... officers, who had recently been quartered in Genoa, rode out to old Morelli's house, to enjoy what was to them both a luxury and a novelty;—eating fruit fresh gathered from the trees and vines.—Old Morelli was by no means ambitious of this honor; he was too firm a friend to his degraded, but still redeemable country, to desire any intimacy with the military myrmidons of her Austrian despot; so that, notwithstanding the grave and correct moral deportment which is said to be the general characteristic of the Austrian officers, and of which he was aware, he saw their approach to his humble dwelling ...
— An Old Sailor's Yarns • Nathaniel Ames
... they had small French coins and strange German coins, and in some places futile-looking, little green-and-white slips, issued by the municipality in denominations of one franc and two francs and five francs, and redeemable in hard specie "three months after the declaration of peace." For wares to sell they had what remained of their depleted stocks; and for customers, their friends and neighbors, who looked forward to commercial ruin, which each day brought nearer to them all. Outwardly ...
— Paths of Glory - Impressions of War Written At and Near the Front • Irvin S. Cobb
... is not strange, therefore, that this body at once declared itself in favor of inflation. The plan proposed was what was known as the "American System of Finance": money was to be issued only by the Government and in the form of legal-tender paper redeemable only with bonds bearing a low rate of interest, these bonds in turn to be convertible into greenbacks at the option of the holder. The National Labor Union recommended the nomination of workingmen's candidates for offices and made arrangements ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck
... "Act to strengthen the public credit" was passed, which declared that the "greenbacks" were redeemable in coin. This Act concluded as follows: "And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States ...
— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • Various
... ocean; and by a line drawn from shore to shore. After some debate, this land was valued to the company at two shillings and sixpence per acre, and the whole quit-rent charged, was "four hundred and sixty-eight pounds, sixteen shillings:" redeemable at twenty years purchase—L9,575. In the measurement, one-fourth allowed for useless land. The employment of convicts entitled the company to remission of quit-rent; L16 ...
— The History of Tasmania, Volume I (of 2) • John West
... the expenditures by $111,682,818, and that the whole of our vast debt could be liquidated by annual payments within thirty years. Mr. McCulloch's plans were to take from the compound-interest notes their legal-tender quality, from the date of their maturity, and to sell six per cent bonds, redeemable at the pleasure of the Government, for the purpose of retiring both the compound-interest notes and the plain legal-tenders. He believed that the entire debt might be funded at five per cent, while the average of the annual interest now stood ...
— Twenty Years of Congress, Volume 2 (of 2) • James Gillespie Blaine |
