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More "National debt" Quotes from Famous Books
 ... the sick man moaned. 'One miserable million English pounds. The national debt of Posen is fifty millions, and I, the Prince of Posen, couldn't borrow one. If I could have got it, I might have held my head up again. Good-bye, Aribert.... Who is ...
— The Grand Babylon Hotel • Arnold Bennett
... esteem for the man who preferred the retirement of private life to the meanness of regal slavery. But Louis left a galling memento of misplaced magnificence, in an increase of ninety millions of florins (about nine millions sterling) to the already oppressive amount of the national debt of the country. ...
— Holland - The History of the Netherlands • Thomas Colley Grattan
... to the question of what has been done with the taxes, it is sufficient to select one fact for comment—the enormous reduction in the National Debt. Here are ...
— Are we Ruined by the Germans? • Harold Cox
... but ended Lebanon's position as a Middle Eastern entrepot and banking hub. In the years since, Lebanon has rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily - mostly from domestic banks. In an attempt to reduce the ballooning national debt, the Rafiq HARIRI government in the 1990s began an austerity program, reining in government expenditures, increasing revenue collection, and privatizing state enterprises, but economic and financial reform ...
— The 2008 CIA World Factbook • United States. Central Intelligence Agency.
... main and vital questions, no political economist has hitherto ventured to state one guiding principle. I will instance three subjects of universal importance. National Dress. National Rent. National Debt. ...
— The Crown of Wild Olive • John Ruskin
... for cost of administration of both parts, increasing the immediate deficit to about L1,550,000. This calculation, moreover, includes no charge against Irish revenue on account of Imperial Services—navy and army; National Debt, interest and management; the diplomatic services, and so forth. The equity of such payments has been consistently recognised in the two Bills and the three financial schemes submitted by Mr. Gladstone. However moderate the scale of contribution it would in the present ...
— Against Home Rule (1912) - The Case for the Union • Various
... that on the basis of prices "The national debt, regarded as a principal sum, has increased its weight upon the shoulders of the British taxpayer between 1875 and 1885 by nearly two hundred millions sterling, an amount nearly equal ...
— If Not Silver, What? • John W. Bookwalter
... larger, and that finally ruin the richest nation. Germany, for instance, had, according to the imperial budget of 1894-95, a regular army and navy outlay of nearly 700 million marks—inclusive of pensions and of interest on the national debt, which amounts in round figures to two milliards, incurred mainly for purposes of war. Under these war expenses, the appropriations for educational and other purposes of culture suffer severely; the most pressing needs in this direction are neglected; and that side of the State, devoted to ...
— Woman under socialism • August Bebel
... the taxes to pay the national debt will be collected from all the States, instead of being confined to those that are loyal. The rebel Confederate debt, never having had any existence in law or justice, but having been created only to support a wicked rebellion, will of course be expunged by the ...
— Continental Monthly , Vol V. Issue III. March, 1864 - Devoted to Literature and National Policy • Various
... without any reservation whatever if it were not for the thousands of small investors in their securities and as these small investors must not be injured, we are compelled to leave the railroads in the hands of private owners, as buying out even these small owners would cause a national debt such as we had better steer clear of. But it is not essential to the welfare of the people that the Government should own the railroads. The point we wish to bring out is, that the wealth and resources of the country has found lodgment in a few hands, whereas it should be scattered among all ...
— Confiscation, An Outline • William Greenwood
... of the greatest prosperity and improvement of Great Britain has been posterior to that system of laws which is connected with the bounty, we must not upon that account, impute it to those laws. It has been posterior likewise to the national debt; but the national debt has most assuredly not been the cause ...
— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith
... the war, she entered it as an ally of powers that were economically winded. She herself was fresh. With the greatest estimated wealth of any of the warring countries, she had a public national debt of less than one half of one percent of her total wealth. She had larger quantities of liquid capital and a vast economic surplus. As a consequence, she held the purse strings and was able, during the next two years, to lend to the Allied nations nearly ten billion dollars without straining ...
— The American Empire • Scott Nearing
... the Administration chances at the moment to be uppermost in the public mind, a liberal collection of incidents illustrating the horrors of war, abundant abuse of army-contractors, appalling estimates of our probable national debt, enthusiastic commendation of the skill of Southern officers and the bravery of Southern soldiers, extravagant laudation of some Federal commander who has disobeyed the orders of his superior and conducted a campaign in such a manner as not to annoy or alarm the enemy, eloquent ...
— The Atlantic Monthly, Vol. 12, No. 74, December, 1863 • Various
... feverish Sure-Thinger who started for the Track with a Roll about the size of a Lady's Pencil. He wanted to parlee a $2 Silver Certificate and bring home enough to pay the National Debt. When he stayed at home and marked the Card and made Mind Bets he could beat five out of six. He estimated that he was losing a Thousand a Month by fooling around the Store when he might be out at the Merry-Go-Round showing the Ikeys how to take ...
— People You Know • George Ade
... The actuary of the national debt couldn't calculate the number of children who are coming here on Twelfth Night, in honour of Charley's birthday, for which occasion I have provided a magic lantern and divers other tremendous engines of that nature. ...
— The Letters of Charles Dickens - Vol. 3 (of 3), 1836-1870 • Charles Dickens
... unpopular. The annual deficit and the increasing taxation are crying evils even more difficult to handle than are religious troubles, while conservative republican statesmen, like Senator Barthelemy Saint Hilaire, tell me that the national debt keeps on increasing at such a rate that the bankruptcy of France seems sure in the more or less distant future. The present tendency towards a high protective tariff is an attempt to bring money into the ...
— The Arena - Volume 4, No. 23, October, 1891 • Various
... the world laughs at the Reverend Olympia Brown, it is not because she preaches, but because she prisons herself in a pulpit. The sure evidence that woman is to become the preacher of the future is that woman is the only preacher men listen to. It is hard to imagine any bribe short of the National Debt that would have induced us to listen through the dog-days of the last few weeks to the panting rhetoric of Mr. Spurgeon. But it is harder to imagine the bribe that would have roused us to flight as we lay beneath the plane-tree, and listened to the cool ripple ...
— Modern Women and What is Said of Them - A Reprint of A Series of Articles in the Saturday Review (1868) • Anonymous
... debt. So when hard-headed fellows who study scientific sociology (which does not exist) come and tell you that civilisation is material or indifferent to the abstract, just ask yourselves how many of the things that make up our Society, the Law, or the Stocks and Shares, or the National Debt, you would be able to convey with your face and your ten fingers by grinning and gesticulating to a ...
— Tremendous Trifles • G. K. Chesterton
... the wealth of the country they have only to subtract a paper currency from an inflated national debt. There would be more unrighteousness than mammon left after such a proceeding. It reminds me of a story I heard last year. A deputation of socialists waited upon a high personage in Vienna. Who knows what for? But they ...
— Marzio's Crucifix and Zoroaster • F. Marion Crawford
... to remember that the annual national people's income was thirty billion dollars more last year in 1937 than it was in 1932. It is true that the national debt increased sixteen billion dollars, but remember that in that increase must be included several billion dollars worth of assets which eventually will reduce that debt and that many billion dollars of permanent public improvements—schools, roads, bridges, tunnels, public buildings, ...
— The Fireside Chats of Franklin Delano Roosevelt • Franklin Delano Roosevelt
... before you. The success which has attended the late sales of the public lands shews that with attention they may be made an important source of receipt. Among the payments those made in discharge of the principal and interest of the national debt will shew that the public faith has been exactly maintained. To these will be added an estimate of appropriations necessary for the ensuing year. This last will, of course, be affected by such modifications of the system of expense as you shall ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... law for it, he asked for nothing more. His military advisers told him that an army must be kept in America for years. It was Grenville's business to find the money to support this army. Great Britain was burdened with a national debt. The army was to be maintained, partly, at least, for the protection of the colonists. Why should they not pay a part of the cost of maintaining it? Parliament was the supreme power in the British Empire. It controlled ...
— A Short History of the United States • Edward Channing
... low life reparation is made in such circumstances. But I shall not interfere further than (like Buonaparte) by dismembering Mr. B.'s kingdom, and erecting part of it into a principality for field-marshal Fletcher! I hope you govern my little empire and its sad load of national debt with a wary hand. To drop my metaphor, I beg leave to ...
— Life of Lord Byron, Vol. I. (of VI.) - With his Letters and Journals. • Thomas Moore
... tamed; Clay and Webster were dragged behind his car of state; the National Bank was rapidly passing from the political stage; and the tariff was no longer a troublesome factor in public life. The receipts of the Treasury had steadily outrun the expenses, and in 1834 the last of the national debt was paid. Since the income was almost certain to continue great, Jackson was at a loss what to do. Henry Clay urged a simple distribution among the States. The President feared the effect of this, and vetoed a bill to that effect; he even proposed that the Federal Government should buy ...
— Expansion and Conflict • William E. Dodd
... government that should in reality represent a federal nation, not a collection of touchy States. Washington in his farewell letter to the American people at the close of the war (1783) urged four considerations: a strong central government, the payment of the national debt, a well-organized militia, and the surrender by each State of certain local privileges for the good of the whole. His "legacy," as this letter came to be called, thus bequeathed to us Nationalism, fortified on the one hand by Honor and ...
— The Boss and the Machine • Samuel P. Orth
... against eighteen millions in the British Isles. Prosperity was general; at all events, up to the time that it was checked by Jefferson's Embargo Act. The finances were also thought to be most satisfactory. On the very eve of war the Secretary of the Treasury reported that the national debt had been reduced by forty-six million dollars since his party had come into power. Had this 'war party' spent those millions on its Army and Navy, the war itself might have had an ending more satisfactory ...
— The War With the United States - A Chronicle of 1812 - Volume 14 (of 32) in the series Chronicles of Canada • William Wood
... and two together," he said. "I knew, I just felt it in my bones, that that gold dust twin with his swell bathing suit and his waterproof mackinaw was going to lose his roll in the water. He carried it loose in his mackinaw pocket—a camper, mind you. He had a wad big enough to pay off the national debt, and I knew it would tumble out and it did. Skinny's one of those poor little codgers that's always unlucky. He happened to be there. He happened to have a key. He happened to go to the house-boat. I got hold of his tracks just because I ...
— Roy Blakeley's Adventures in Camp • Percy Keese Fitzhugh
... which has been wasted in trying to teach music to unmusical people would pay our national debt twice over, and leave a competency for ...
— An Ambitious Man • Ella Wheeler Wilcox
... meanest community of Latin America. It has been almost entirely this, coupled with the ever-present threat of Japanese chauvinism, which has given China the appearance of a land that is hopelessly water-logged, although the National Debt is relatively the smallest in the world and the people the most industrious and law-abiding who have ever lived. In such circumstances that ideas of collapse should have spread so far is simply due to a ...
— The Fight For The Republic in China • Bertram Lenox Putnam Weale
... determination, and resource, are irresistible. This was signally proved in the present instance, for they never ceased subscribing their capital until the sum entrusted to this new form of investment reached an amount almost equal to the national debt; and this too in a very few years. The immediate effect on the condition of the country was absolutely prodigious. The value of land rose, all the blast furnaces were relit, a stimulant was given to every branch of the home trade, the ...
— Endymion • Benjamin Disraeli
... bridge long before it was taken down. His soul was engrossed by the contemplation of the wonderful event which was daily developing itself in France. Bankruptcy had brought on the crisis. In August, 1788, the interest was not paid on the national debt, and Brienne resigned. The States-General met in May of the next year; in June they declared themselves a national assembly, and commenced work upon a constitution under the direction of Sieyes, who well merited ...
— Atlantic Monthly, Vol. IV, No. 26, December, 1859 • Various
... involved us in a foreign war of great magnitude, and thus became the one subject of supreme interest to every statesman in Europe. England had not borne her share in the seven years' war without a considerable augmentation of the national debt, and a corresponding increase in the amount of yearly revenue which it had become necessary to raise;[33] and Mr. Grenville, as Chancellor of the Exchequer, had to devise the means of meeting the demand. A year before, he had ...
— The Constitutional History of England From 1760 to 1860 • Charles Duke Yonge
... in the United States until attention was called in 1826 to the catawba vine by Major Adlum, of Georgetown, near Washington, who thought that by so doing he was conferring a greater benefit on his country than if he had liquidated its national debt. This vine, which is derived from the wild Vitis labrusca, was first planted on an extensive scale by Nicholas Longworth, justly looked upon as one of the founders of American viticulture, and gradually ...
— Facts About Champagne and Other Sparkling Wines • Henry Vizetelly
... great impetus to our petroleum trade. Pit-Hole, Tack, and Oil Creek stock will go up exceedingly, and an immense revenue will thereby accrue to the numerous possessors of oil lands, who will be able to pay such a large tax that the national debt can be paid off at once. Besides that, the patent hermetical barrel trade, and numerous other industries connected with the oil trade, will prosper at an unprecedented rate, to the great benefit and ...
— What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Econimiques" - Designed for the American Reader • Frederic Bastiat
... toward its height, and the Regent took advantage of it to issue stock enough to pay the whole national debt, namely, three hundred thousand new shares, at $1,000 each, or a thousand per cent. in the par value. They were instantly taken. Three times as many would have been instantly taken. So violent were the changes of the market, ...
— The Humbugs of the World • P. T. Barnum
... last ten gallons went easy at $5 a gulp. It was wonderful stuff. It gave a man courage and ambition and nerve to do anything; at the same time he didn't care whether his money was tainted or fresh from the Ice Trust. When that barrel was half gone Nicaragua had repudiated the National debt, removed the duty on cigarettes and was about to declare war on the United ...
— The Trimmed Lamp and Others • O Henry
... Benedict's exaggerated description of the buried treasure, that they imagined that, by a little trouble and outlay, gold and diamonds might be dug up at St. James sufficient to enrich themselves and to pay off the national debt of Spain. The Swiss returned to Compostella 'like a duke,' to use his own words. The affair, which had at first been kept a profound secret, was speedily divulged. It was, indeed, resolved that the investigation, which involved consequences of so much importance, ...
— George Borrow - The Man and His Books • Edward Thomas
... where is the living Englishman that has the least notion, or seeks for any? The Austrian-Succession War did veritably rage for eight years, at a terrific rate, deforming the face of Earth and Heaven; the English paying the piper always, and founding their National Debt thereby:—but not even that could prove mnemonic to them; and they have dropped the Austrian-Succession War, with one accord, into the general dustbin, and are content it should lie there. They have not, in their language, the least approach to an intelligible account of it: ...
— History of Friedrich II. of Prussia, Vol. XII. (of XXI.) • Thomas Carlyle
... twenty-one, and you have not yet written a dictionary. What will you do for fame? Eh? Nothing: you are intolerably lazy—and what is worse, it is your fate. Beginnings are insuperable barriers to you. What about that great work on The National Debt? What about that little lyric on Winchelsea that you thought of writing six years ago? Why are the few lines still in your head and not on paper? Because you can't begin. However, never mind, you can't help it, it's your one great flaw, and it's fatal. ...
— The Path to Rome • Hilaire Belloc
... unexceptionable coat and accurate whisker might have effected in a fortnight. What were his gifts in this way, I am, alas, most deplorably ignorant of; it was not, heaven knows, that he possessed any conversational talent—of successful flattery he knew as much as a negro does of the national debt—and yet the "bon-hommie" of his character seemed to tell at once; and I never knew him fail in any one instance to establish an interest for himself before he had completed the ordinary period ...
— The Confessions of Harry Lorrequer, Complete • Charles James Lever (1806-1872)
... sterling; besides two millions and a quarter raised annually, at an average, by the land and malt tax. How these immense sums are appropriated, is next to be considered. And this is, first and principally, to the payment of the interest of the national debt. ...
— Commentaries on the Laws of England - Book the First • William Blackstone
... its purpose and restored the king, he would not be bound to observe it. The war was unprofitable to the allies on land; but after the victory of La Hogue the three kingdoms were safe from invasion. This is the war to which we owe the National Debt, the Bank of England, the ...
— Lectures on Modern history • Baron John Emerich Edward Dalberg Acton
... Frenchtown, battle of. Fries's Rebellion. Frobisher, Sir Martin. Frolic. Frontenac, Count. Frontier life. Frye, Joshua. Fugitive-slave laws. Fulton, Robert. Fundamental Orders of Connecticut. Funding of national debt. ...
— A School History of the United States • John Bach McMaster
... at the rate of fifteen hundred francs each, represent the distribution of public funds by the state budget, by the budgets of the cities and departments, less the national debt, church funds and soldier's pay, (i.e. five sous a day with allowances for washing, weapons, victuals, ...
— The Physiology of Marriage, Part I. • Honore de Balzac
... thought out. The scarlet and gold of the Troopers of the Body-guard, standing motionless as brown statues, the mace-men with their gilt standards, the entry of the Rajahs, all in full gala costume, with half the amount of our pre-war National Debt hanging round their necks in the shape of diamonds and of uncut rubies and emeralds, the Knights of the Star of India in their pale-blue mantles, the Viceroy seated on his silver-gilt throne at the top of a flight of steps, on which all the Durbar ...
— Here, There And Everywhere • Lord Frederic Hamilton
... Aldini goes on to recommend that hopes should be held out of an early resumption of payments on the national debt, and that a provisional air should be given to the proposed arrangement, so as to keep alive the prospect of a great kingdom, of which Rome should be the centre. He deprecates enforcing an oath of allegiance ...
— Rome in 1860 • Edward Dicey
... Parliament ever to make those efforts at the commencement of a war, which are necessary to turn to a good account the inherent bravery of its soldiers and frequent skill of its commanders, that is the cause of the long duration of our Continental wars, and of three-fourths of the national debt which now oppresses the empire, and, in its ultimate results, will endanger its existence. The national forces are, by the cry for economy and reduction which invariably is raised in peace, reduced to so low an ebb, that it is only by successive additions, made in ...
— Blackwood's Edinburgh Magazine, Vol 58, No. 357, July 1845 • Various
... the bank proposed to be established in Ireland, under the notion of a national bank, by the voluntary subscription of three hundred thousand pounds, to pay off the national debt, the interest of which sum to be paid the subscribers, subject to certain terms of redemption, be not in reality a private bank, as those of England and Scotland, which are national only in name, being in the hands ...
— The Querist • George Berkeley
... forms an additional resource of great extent and duration. These resources, besides accomplishing every other necessary purpose, put it completely in the power of the United States to discharge the national debt at an early period. Peace is the best time for improvement and preparation of every kind; it is in peace that our commerce flourishes most, that taxes are most easily paid, and that the ...
— U.S. Presidential Inaugural Addresses • Various
... miraculously dispose the hearts of our neighbours, our kinsmen, our fellow-protestants, fellow-subjects, and fellow rational creatures, to permit us to starve without running further in debt. I am informed that our national debt (and God knows how we wretches came by that fashionable thing a national debt) is about two hundred and fifty thousand pounds; which is at least one-third of the whole kingdom's rents, after our absentees and other foreign ...
— The Prose Works of Jonathan Swift, D.D., Vol. VII - Historical and Political Tracts—Irish • Jonathan Swift
... famous battle of the Boyne. England obtained thereby a new governor and a national debt; Ireland, fresh oppression, and an intensification of religious and political animosity, unparalleled in the history ...
— An Illustrated History of Ireland from AD 400 to 1800 • Mary Frances Cusack
... manufactured, and men get rich by the process? We must shut the places up, even though we ruin places like Burton-on-Trent, and compel rich brewers to sell their carriages. Nothing is so likely to pay off the National Debt as to cause publicans and brewers to enlarge the list of bankrupts. They cannot live but by the nation's loss, and sorrow. A brewer's dray, as it leaves the yard, carries with it increase to the taxation, and hunger ...
— Broken Bread - from an Evangelist's Wallet • Thomas Champness
... any kind of business is about as substantial as jugglin' six china plates while you're balanced on top of two chairs and a kitchen table. Honest, we got deals enough in the air to make you dizzy followin' 'em. If they all go through we'll stand to cut a melon that would pay off the national debt. If they should all go wrong—well, it would be some ...
— The House of Torchy • Sewell Ford
... said Lloyd George, the Chancellor of the British Exchequer; and $1,700,000,000 of war loan is rolling into the British Treasury, a sum one half the national debt of England and nearly twice the national ...
— The Audacious War • Clarence W. Barron
... good they do, except to load people's stomachs and pick their pockets: everything now is imposition; I really think the very pills are not what they were thirty years ago. How people with families continue to live is a mystery to me; and people still going on marrying, in the face of national debt, taxes, a new war, a starving population, ruined commerce, and no outlet for young men in any quarter—God only knows what is to be the end of all this! In spite of all this, these thoughtless young creatures, the Truemans, have thought proper to make out their marriage; he is just five-and-twenty, ...
— Marriage • Susan Edmonstone Ferrier
... Hanover, could recognize and admire the same spirit of arbitrary domination that had marked their fallen idols, the Stuarts; and they now joined hands with the discontented Whigs in opposition to Pitt. The horrors of war, the blessings of peace, the weight of taxation, the growth of the national debt, were the rallying cries of the new party; but the mainspring of their zeal was hostility to the great Minister. Even his own colleagues chafed under his spirit of mastery; the chiefs of the Opposition longed to ...
— Montcalm and Wolfe • Francis Parkman
... with a perfectly lovely face, with features as exquisitely proportioned as those, say, of Praxiteles's statue of the Cnidian Aphrodite, for which King Nicomedes was willing to remit the entire national debt of Cnidus, and with a warmly white rose-leaf complexion—one of those complexions one sometimes sees in Italian women, colorless, yet suggestive almost of glow, of purity, with the flame of passion behind it. Imagine that woman ...
— The Spell of Egypt • Robert Hichens
... probably topped 10% of GDP, leading to speculation that the country could be headed toward a repeat of its 1994 financial crisis. To some extent, Ankara is caught in a vicious circle because half of all central government revenue in 1996 went to pay interest on the national debt. The government that took office in July 1996 - an unusual coalition of Prime Minister ERBAKAN's Islamic Welfare Party and Deputy Prime Minister CILLER's conservative True Path Party - is trying to solve the fiscal problem by greatly accelerating ...
— The 1997 CIA World Factbook • United States. Central Intelligence Agency.
... he spoke. Hamilton won little but additional reputation, much admiration, half resentful, and many enemies. The army went home unpaid; the peace establishment consisted of eighty men; little or nothing was done to relieve the national debt or to carry on the business of government. Even his proposition to admit the public to the galleries of Congress, in the hope of interesting it in governmental affairs, only drew upon him the sneer ...
— The Conqueror • Gertrude Franklin Atherton
... beyond it; for if we suppose ten millions of dollars, in specie, a year, to be necessary for their support, then the expense, till the close of the campaign of 1779, must have amounted to upwards of fifty millions, exclusive of the supplies from Europe; and yet, in March, 1780, the whole national debt contracted in America did not, in fact, amount to five millions; so that forty five millions were paid by the United States in those five years of the war, when they had the least commerce and agriculture, and when they were most distressed by the enemy; and this tax, too, ...
— The Diplomatic Correspondence of the American Revolution, Vol. XI • Various
... 26 to 20, but was afterward expunged through the influence of his intimate friend, Colonel Benton. The House sustained the President throughout, or he must have been overthrown. The foreign relations of our Government at the close of Jackson's administration was very satisfactory indeed. The national debt was extinguished, and new States were admitted into ...
— Hidden Treasures - Why Some Succeed While Others Fail • Harry A. Lewis
... national debt, he said, it was an idle dream to suppose that the country could sink under it. Let the public creditors be ever so clamorous, the interest of millions must ever prevail over ...
— Life Of Johnson, Vol. 2 • Boswell
... the kingdom of the Prince of Peace has not yet become the kingdom of this world. His attempts at invasion have been resisted far more fiercely than the Kaiser's. Successful as that resistance has been, it has piled up a sort of National Debt that is not the less oppressive because we have no figures for it and do not intend to pay it. A blockade that cuts off "the grace of our Lord" is in the long run less bearable than the blockades which merely cut off raw materials; and against that blockade our Armada is impotent. In the ...
— Heartbreak House • George Bernard Shaw
... administration of the Treasury, exhibited through the three arduous years of that public service, no question has ever been made. The exactions of the place knew no limits. A people, wholly unaccustomed to the pressure of taxation, and with an absolute horror of a national debt, was to be rapidly subjected to the first without stint, and to be buried under a mountain of the last. Taxes which should support military operations on the largest scale, and yet not break the back of industry which alone ...
— Eulogy on Chief-Justice Chase - Delivered by William M. Evarts before the Alumni of - Dartmouth College, at Hanover • William M. Evarts
... The one who succeeded to the patrimony was at first a gentleman, then a shabby-genteel, and at forty his time was taken up with schemes to dodge the debtors' prison, and with plans to pay off the National Debt; for it seems that men who can not manage their own affairs are not deterred thereby from volunteering to look after those of ...
— Little Journeys to the Homes of the Great, Vol. 13 - Little Journeys to the Homes of Great Lovers • Elbert Hubbard
... scale they are on; one talks from the bench, and the other from the benches; one cheapens tins, and the other cheapens taxes; one has a salve for an incurable disease, and the other a salve for the national debt; one rounds his periods to put off a watch that won't go, and the other to cover a deficit that won't close; but they radically drive the same trade, and both are successful if the spavined mare trots out looking sound, ...
— Wisdom, Wit, and Pathos of Ouida - Selected from the Works of Ouida • Ouida
... The people up there talk of running Hon. J.N. Brundage for Congress, on the head cheese ticket, in order that he may use his influence to get head cheese adopted as an army ration, and also as currency with which to wipe out the national debt. ...
— Peck's Compendium of Fun • George W. Peck
... faces serious challenges in the economic arena. It has funded reconstruction by borrowing heavily - mostly from domestic banks. The re-installed HARIRI government has failed to rein in the ballooning national debt. Without large-scale international aid and rapid privatization of state-owned enterprises, markets may force a currency devaluation and ...
— The 2002 CIA World Factbook • US Government
... unquestionably beneficial to the country. But a careful examination will show how closely and deliberately he was imitating the English model which we know to have been present to his mind. He established a true National Debt similar to that which Montague had created for the benefit of William of Orange. In this debt he proposed to merge the debts of the individual States contracted during the War of Independence. Jefferson saw no objection to this at the time, and indeed it was largely through ...
— A History of the United States • Cecil Chesterton
... with Veneering, and dined: the man being of the party. Immediately upon that, Twemlow received an invitation to dine with the man, and dined: Veneering being of the party. At the man's were a Member, an Engineer, a Payer-off of the National Debt, a Poem on Shakespeare, a Grievance, and a Public Office, who all seem to be utter strangers to Veneering. And yet immediately after that, Twemlow received an invitation to dine at Veneerings, expressly to meet the Member, the Engineer, the Payer-off of the National ...
— Our Mutual Friend • Charles Dickens
... make his bread and butter out of that, and when it comes to growing nuts, we can't wait 40 or 50 years for a tree to come in. That might be all right for posterity, but we have got to be sure of it, or our posterity is not going to be able to pay the national debt. ...
— Northern Nut Growers Association Report of the Proceedings at the 44th Annual Meeting • Various
... to make one laugh, when an old fellow, rich enough to pay the National Debt, refuses to provide for his only son, and suffers him to live upon the charity ...
— Mark Hurdlestone - Or, The Two Brothers • Susanna Moodie
... Tonopah ain't selling their silver now, they're storing it away in vaults, because they know in a little while all the nations in the world are going to be bidding for silver. And say, do you see that line of hills? There's silver enough buried underneath them to pay the national debt of the world." ...
— Silver and Gold - A Story of Luck and Love in a Western Mining Camp • Dane Coolidge
... of the country were in a state of the utmost disorder. A profuse and corrupt monarch, whose profuseness and corruption were imitated by almost every functionary, from the highest to the lowest grade, had brought France to the verge of ruin. The national debt amounted to 3000 millions of livres, the revenue to 145 millions, and the expenditure to 142 millions per annum; leaving only three millions to pay the interest upon 3000 millions. The first care of the Regent was to discover a remedy for an evil of such magnitude, and a council was early ...
— Memoirs of Extraordinary Popular Delusions - Vol. I • Charles Mackay
... million pounds to the Government and conferred upon them the monopoly of the English trade with the Indies. In spite of these advantages, however, the South Sea Company found itself so hampered and limited in credit that it offered to convert the national debt into a "single redeemable obligation" to the company in return for a monopoly of British foreign trade outside England. The immediate and spectacular effect of that offer is reflected in the many descriptions, both serious and ...
— A Voyage to Cacklogallinia - With a Description of the Religion, Policy, Customs and Manners of That Country • Captain Samuel Brunt
... number of its most vigorous men, who are taken from industrial pursuits and every kind of labor, as well as the enormous interest on the sums expended on military preparations without any return. The inevitable result of this expenditure on war and preparations for war is a continually growing national debt. The greater number of loans raised by the governments of Europe were with a view to war. Their total sum amounts to four hundred millions sterling, and these debts ...
— The Kingdom of God is within you • Leo Tolstoy
... severities of the winter season at Valley Forge, when the enemy was in possession of the fairest part of the country together with the two most important cities, when Congress could not pay its bills, nor meet the national debt which alone exceeded forty million dollars,—when the medium of exchange would not circulate because of its worthlessness, when private debts could not be collected and when credit was generally prostrated, the Alliance proved a benefit of incalculable value to the ...
— The Loyalist - A Story of the American Revolution • James Francis Barrett
... multiplying permanent embarrasments, in the shape of duties. The direct tax (which would have borne equally upon them, and which in the original compact was the equivalent for slave representation,) was forthwith repealed, and commerce was burdened with the payment of the national debt. The encouragement of manufactures, the consumption of domestic products, or living within ourselves, was then urged upon us. This was an ancient doctrine of the democratic party. Mr. Jefferson was its strongest advocate. Did he think it likely to bear unfavorably upon "the nation of shopkeepers ...
— An Appeal in Favor of that Class of Americans Called Africans • Lydia Maria Child
... finance essential to a great Minister. The progress of the nation was wonderful. Population more than doubled during the eighteenth century, and the advance of wealth was even greater than that of population. Though the war had added a hundred millions to the national debt, the burden was hardly felt. The loss of America only increased the commerce with that country, and industry, as we have seen, had begun that great career which was to make England the workshop of the world. To deal wisely with such a growth required a knowledge of the laws of wealth which ...
— History of the English People, Volume VIII (of 8) - Modern England, 1760-1815 • John Richard Green
... $17,873,539,511, exclusive of the addition from the annual reinvestment of capital. The addition, then, to the value of the products of the South in a single year, caused by the substitution of free for slave labor, would be nearly equal to our whole present national debt, while in the aggregate of the ten years succeeding it would be nearly ten times greater than the whole national debt, thus leaving us far richer after the next census, as a consequence of increased production, notwithstanding the national debt, than if the rebellion had never occurred. Thus ...
— The Continental Monthly, Vol. 6, No. 6, December 1864 - Devoted To Literature And National Policy • Various
... stone; and, as a further illustration of his sympathy for suffering man or woman, give, even for a kreutzer, a mouthful of the Fountain of Youth. As a water-doctor, too, his Sagacity was inconceivable. A hundred years ago, he told to a fraction the amount of the national debt, from a single glance at the specimen sent him by JOHN BULL; and more, for five-and-twenty years predicted who would be the incoming Lord Mayor of London, from an inspection of a pint of water presented ...
— Punch, or the London Charivari, Volume 1, Complete • Various
... courts, and the administration of justice was at a standstill. A loan was thrown upon the market, but the public could not be persuaded to take it up. It was impossible to collect the taxes. The interest on the national debt was unpaid, and the fundholder was dismayed and exasperated by an announcement that only two-fifths would be discharged in cash. A very large part of the national debt was held in the form of annuities for lives, and men who had invested ...
— Critical Miscellanies (Vol. 1 of 3) - Essay 1: Robespierre • John Morley
... to his fiscal abilities. On the contrary, he speedily inaugurated a new and brilliant era in finance. Previous to presenting his first budget, in 1853, Mr. Gladstone brought forward a scheme for the reduction of the national debt, which was approved by Radicals as well as Conservatives, and adopted by the House. The scheme worked most successfully until the breaking out of the Crimean war. During this very short period of two years the public debt was reduced ...
— The Grand Old Man • Richard B. Cook
... am now in my one and twentieth year, and cannot command as many pounds. To Cambridge I cannot go without paying my bills, and at present I could as soon compass the National Debt; in London I must not remain, nor shall I, when I can procure a trifle to take me out of it. Home I have none; and if there was a possibility of getting out of the Country, I would gladly avail myself of it. But even that is ...
— The Works Of Lord Byron, Letters and Journals, Vol. 1 • Lord Byron, Edited by Rowland E. Prothero
... might disarm and live in peace with their neighbors. In France alone, of all the western nations, was there any clear idea of the Prussian plan. France, having learned the temper of the Prussian war lords in 1870, France, burdened by a national debt heaped high by the big indemnity collected by the Germans in '71, looked in apprehension to the east and leaped to arms at the first rattling of the ...
— The World War and What was Behind It - The Story of the Map of Europe • Louis P. Benezet
... not surpass, those of Peel, and are not tarnished, as in the case of Pitt, by the recollection of burdensome wars. To no minister can so large a share in promoting the commercial and industrial prosperity of modern England, and in the reduction of her national debt, ...
— William Ewart Gladstone • James Bryce
... decision to "ride in" had secured the intervention of the Imperial Government. If intervention could have done what Rhodes expected of it, Dr. Jameson's decision to "ride in" would have gained, at the cost of few lives and no increase of the national debt, what the war gained four years later at the cost of twenty thousand lives and L220,000,000. As it was, it failed to win the franchise for the Uitlanders. Why did not Lord Rosmead, with so strong a Colonial Secretary as Mr. Chamberlain ...
— Lord Milner's Work in South Africa - From its Commencement in 1897 to the Peace of Vereeniging in 1902 • W. Basil Worsfold
... credit of either Exchequer, and not required for meeting payments, shall at convenient times be paid into that Exchequer, and where any sum so payable into the Exchequer of the United Kingdom is required by law to be forthwith paid to the National Debt Commissioners, that sum may be paid to those Commissioners without being paid into the Exchequer. (5) All sums payable by virtue of this Act out of the Consolidated Fund of the United Kingdom or ...
— A Leap in the Dark - A Criticism of the Principles of Home Rule as Illustrated by the - Bill of 1893 • A.V. Dicey
... thrift and social benevolence. This cold moralist, who despised the emotional aspects of human nature and found no place for the affections in his scheme of the virtues, lapsed into passion when he attacked the National Debt, and developed an arithmetical enthusiasm when he explained his plan for providing through voluntary insurance for the old age of the worthy poor. He was not quite the first of the philosophers to dream of the abolition of war, and to plan an international tribunal for the settlement of disputes ...
— Shelley, Godwin and Their Circle • H. N. Brailsford
... come the agitation for a still more daring purpose. It will be asked why must the system of English life be artificial?—Because we have twenty-eight millions sterling of interest to pay, and for this we must have taxes. But, why not sweep the national debt away, as France did in her day of royal overthrow? A single sitting of the Convention settled that question. Why not follow the example? Then will come the desperate expedient, and all will be ruin on the heads of the most helpless of the community; for the national debt is only a saving ...
— Blackwoods Edinburgh Magazine, Volume 59, No. 366, April, 1846 • Various
... gross misrepresentation. What happened was essentially this. England, under the guidance of the elder Pitt, had been waging a great and most successful war, which left her with an enormously extended Empire, but also with an addition of more than seventy millions to her National Debt. That debt was now nearly one hundred and forty millions, and England was reeling under the taxation it required. The war had been waged largely in America, and its most brilliant result was the conquest of Canada, by which the old American colonies had ...
— Historical and Political Essays • William Edward Hartpole Lecky
... the sacred name of liberty! Don't you see that the whole movement is a movement of hucksters and traders and peddling vassals swollen by wealth into envy of the power that lies in birth alone? The money-changers in Paris who hold the bonds in the national debt, seeing the parlous financial condition of the State, tremble at the thought that it may lie in the power of a single man to cancel the debt by bankruptcy. To secure themselves they are burrowing underground to overthrow a state and build upon its ruins a ...
— Scaramouche - A Romance of the French Revolution • Rafael Sabatini
... and had made himself a multi- millionaire. He was a hard, determined, shrewd man of affairs, the last man in the world to show anything like sentimentalism, and as he said something advising an investment in the newly created National debt, I answered, "You are not, then, one of those who believe that our new debt will be repudiated?'' He answered: "Repudia- tion or no repudiation, I am putting everything I can rake and scrape together into National bonds, to help this government maintain itself; for, by G—d, if I am not to have ...
— Volume I • Andrew Dickson White
... region; it absorbed the privileges of the different companies for trading with the East; finally it took charge of the national mint and the issue of coin, and of the taxation of the kingdom, and it assumed the national debt. The temporary success of the gigantic financial scheme turned the heads of the people, and a fever of speculation ran through all ranks. The crash came, the shares in the bank sunk in value, the notes depreciated; ...
— Outline of Universal History • George Park Fisher
... in the United States were the "Greenbackers," who wished to retain the greenbacks issued in the Civil War and to increase the amount greatly. They saw in paper money an unlimited source of income to the government. They proposed the payment of the national debt, the support of the government without taxes, and the loan of money without interest to citizens. All might live in luxury if the extreme fiat-money theorists could realize their dreams. The depreciation that has taken place in nearly every case where government notes have been issued, ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... When there wasn't a drought there was so much rain everything mildewed; there was a hail-storm that cut everything to pieces, and there was the caterpillar year. I just managed to pay the interest on the mortgage; as for paying the principal, I might as well have tried to pay the national debt. ...
— The Copy-Cat and Other Stories • Mary E. Wilkins Freeman
... are capable of many applications: we see directly from them that the National Debt, so far as it is held by residents in England, neither diminishes the national wealth nor affects the wages fund. We see also directly that any exchange between an Englishman and a foreigner which gives a profit to the Englishman gives an equal ...
— Speculations from Political Economy • C. B. Clarke
... the National Debt. He wondered if a million more or less would make any real difference. There would be questions asked in committees about it. He tried to imagine himself explaining the evening to a group of Congressmen. "Well, you see, gentlemen, there ...
— Brain Twister • Gordon Randall Garrett
... Million Inhabitants. Loss in Rural Population. Centre of Population. Proportion of Males to Females. Foreign Born Population. Character of Immigration. Chinese. Congressional Apportionment. Farms. Crops. Manufacturing Capital Invested. Foreign Commerce. Revenues. War Taxes Repealed. National Debt. ...
— History of the United States, Volume 5 • E. Benjamin Andrews
... Minister Necker, had loaned his suffering country a million francs, at a time of financial distress and famine, to buy bread for the starving people, and Louis XVI. had guaranteed, in writing, that this "national debt of ...
— Queen Hortense - A Life Picture of the Napoleonic Era • L. Muhlbach
... were built. Not only bankers but taxpaying voters took an interest in the financial readjustments of the time. Many thousand people followed the discussions over the funding and refunding of the national debt, the retirement of the greenbacks, and the proposed lowering of tariff duties. Yet the Black Friday episode of 1869, when Jay Gould and James Fisk cornered the visible supply of gold, and the panic of 1873 were indications of ...
— The Sequel of Appomattox - A Chronicle of the Reunion of the States, Volume 32 In The - Chronicles Of America Series • Walter Lynwood Fleming
... Presidents are not made now by rifle and sword, and the man with the machete must give way to the man with a capacity for handling big affairs. There will be no more swineherd Presidents like your Guatemalan countryman Corera, nor tyrants like Zelaya. Panama is a healthy country, with no national debt; she is growing, developing. She holds the gateway to the Western World, and her finances must be administered wisely. You, Mr. Garavel, are one of the few who are clear-headed enough to see that her destiny is linked ...
— The Ne'er-Do-Well • Rex Beach
... the evils and public misfortunes of the reign of Louis XV., perhaps the derangement of the finances was the most important in its political results. But for this misfortune the King was not wholly responsible: a vast national debt was the legacy of Louis XIV. This was the fruit of his miserable attempt at self-aggrandizement; this was the residuum of his glories. Yet as a national debt, according to some, is no calamity, but rather a blessing,—a ...
— Beacon Lights of History, Volume VIII • John Lord
... of Contagious Diseases Act, Army Reform on a vast scale, Female Equality with Men in the Eye of the Law, overthrow of Landlords' predominance.... I wonder whether abolition of Foreign Embassies must precede a serious grapple with the National Debt. I doubt whether any nominally free State ever had such an Augean Stable left to it by forty years' eminently active legislation. "In corruptissima Republica plurimae leges," sounds like it. Without carving England and ...
— Memoir and Letters of Francis W. Newman • Giberne Sieveking
... caricaturist or kept in fee like Sayer, and all sides of politics (including the Court and even the King himself) felt the edge of his satire; while Lord Thurlow, the great Lord Chancellor, was in no way neglected. Thus we find a "New Way to pay the National Debt" (1786), "Ancient Music" (1787), "Monstrous Craws" (1787), "Frying Sprats" (1791) and "Anti-Saccharites, or John Bull and his Family leaving off the use of Sugar" (1792), are all directed against the reigning House, and allude frequently to the parsimonious ...
— The Eighteenth Century in English Caricature • Selwyn Brinton
... Newcastle were 1,331,870 tons; in fifty years more than double—namely, 2,977,385 tons. These are only a few examples gleaned from many of a similar description, and to them we will only add the fact, of a kind totally new in the world's annals, that a sum approaching to a moiety of the national debt is now invested in railways in ...
— Chambers's Edinburgh Journal, No. 449 - Volume 18, New Series, August 7, 1852 • Various
... per cent.—saying, in answer to their demand of a larger bonus than he thought proper to give, "Then we will put off the reduction of this stock till next year." The truth is, Mr. Pitt was proud of his financial system;—the abolition of taxes and the Reduction of the National Debt were the two great results to which he looked as a proof of its perfection; and while a war, he knew, would produce the very reverse of the one, it would leave little more than the name and semblance of ...
— Memoirs of the Life of Rt. Hon. Richard Brinsley Sheridan Vol 2 • Thomas Moore
... and the printing about fifteen or sixteen: he offers to agree to this for the printing, if I will advance for the paper, but this, you know, is out of my power; so farewell hopes of a second edition till I grow rich! an epoch which I think will arrive at the payment of the British national debt. ...
— The Complete Works of Robert Burns: Containing his Poems, Songs, and Correspondence. • Robert Burns and Allan Cunningham
... the Irish National Debt shall be kept distinct from the British National Debt. It fixes the proportions of contributions to revenue at 15 for Great Britain as to 2 for Ireland for 20 years. To be revised at the end of 20 years on a variety of alternative bases of calculation (Customs, trade, income, etc.). The contributions ...
— Home Rule - Second Edition • Harold Spender
... his mind. The evils of life were far too deeply seated to be caused or cured by kings or demagogues. One of the most popular commonplaces of the day was the mischief of luxury. That we were all on the high road to ruin on account of our wealth, our corruption, and the growth of the national debt, was the text of any number of political agitators. The whole of this talk was, to his mind, so much whining and cant. Luxury did no harm, and the mass of the people, as indeed was in one sense obvious enough, had only too little of it. The pet 'state of ...
— Hours in a Library - New Edition, with Additions. Vol. II (of 3) • Leslie Stephen
... declare that ten per cent is enough, while others hold that it will require 25 per cent. This confiscatory tax is to be collected when any piece of property changes hands, and the accruing sum is to be used for paying off the national debt, or a considerable portion of it at once. The situation is completely changed from that which followed the Napoleonic wars, where war taxes fell largely upon labour. So in self-preservation, capital is considering turning ...
— The Martial Adventures of Henry and Me • William Allen White
... very large ideas of the mineral wealth of our nation. Now that the Rebellion is overthrown, and we know pretty nearly the amount of our national debt, the more gold and silver we mine, we make the payment of that debt the easier. Tell the miners from me that I shall promote their interests to the best of my ability because their prosperity is the prosperity of the nation; and we shall prove ...
— The Lincoln Story Book • Henry L. Williams
... new sovereignties, the smallest of them larger than Great Britain, have peaceably united themselves to the Federation. No standing army was raised, no national debt sunk, no great exertion was made, but there they are. And the last mail brings news of three more great States about to be joined to the thirty: Minnesota in the north-west, Deseret in the south-west, and California on the shores of the Pacific. These three ...
— The United States in the Light of Prophecy • Uriah Smith
... But Lincoln made no effort even to compromise the claims against him. He promised to pay when he could, and it took the labor of years to do it; but he paid at last every farthing of the debt, which seemed to him and his friends so large that it was called among them "the national debt." ...
— Abraham Lincoln: A History V1 • John G. Nicolay and John Hay
... of these will be defiled by the profits. Why should the money not be used to found a Lying-in Hospital, or an Asylum for Decayed Authors, or a Museum to keep Honest Publishers in? Why should not authors have the kudos of paying off the National Debt? If they are to be the only Socialists in a world of individualists, let them at least have the satisfaction of knowing their money is applied to worthy ...
— Without Prejudice • Israel Zangwill
... would!" says I. "Slap his life out? G'wan! If he handed you one jolt you wouldn't stop runnin' for a week. How big is this national debt you say he ...
— Odd Numbers - Being Further Chronicles of Shorty McCabe • Sewell Ford
... of the State equally with every other class of the King's subjects; that when this was accomplished, and abuses were removed, by such a national representation as would enable the Minister, Necker, to accomplish his plans for the liquidation of the national debt, I might assure Her Majesty that both the King and herself would find themselves happier in a constitutional government than they had ever yet been; for such a government would set them free from all dependence on the caprice of Ministers, ...
— The Memoirs of Louis XV. and XVI., Volume 5 • Madame du Hausset, and of an Unknown English Girl and the Princess Lamballe
... into the English sinking fund L100,000 annually for one hundred years; which would be more than sufficient, if "faithfully and inviolably applied for that purpose, ... to extinguish all her present national debt." ...
— Benjamin Franklin • John Torrey Morse, Jr.
... be too sure of that. They haven't even got a national debt. That's one of the first things we'll provide for. They're a most primitive people. Just think of their existing up to the present time without a national debt! They're ...
— Captain Jinks, Hero • Ernest Crosby
... portion shall have been surveyed. They cannot begin to survey till the fall of the leaf of this year, nor to sell probably till the ensuing spring. So that it will be yet a twelvemonth, before we shall be able to judge of the efficacy of our land-office, to sink our national debt. It is made a fundamental, that the proceeds shall be solely and sacredly applied as a sinking fund, to discharge the ...
— Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson - Volume I • Thomas Jefferson
... was raised by the parliament to about one million eight hundred and fifty thousand pounds;[***] and his income as duke of York being added, made the whole amount to two millions a year; a sum well proportioned to the public necessities, but enjoyed by him in too independent a manner. The national debt at the revolution amounted to one million fifty-four thousand ...
— The History of England in Three Volumes, Vol.I., Part F. - From Charles II. to James II. • David Hume
... think over what news there is,' she writes in April, 1853. 'In the political world, the proposed new scheme of Property and Income Tax, which would make everybody pay something; and the proposal for paying off a portion of the National Debt with Australian gold. In the literary world, the International Copyright, which some expect will be in force in three months. In society in general, the strange circumstantial rumour of the Queen's death, which, being set afloat on Easter Monday, when ...
— Little Memoirs of the Nineteenth Century • George Paston
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