"Public debt" Quotes from Famous Books
 ... capital; but the railways are a source of profit, and the payment comes from the railway passenger. Moreover, in course of time, the Indian railways will become, and are becoming, a property of enormous value to the State. The interest on India's public debt is L3,000,000, but it has to be remembered how much India has benefited by expenditure which has proved reproductive. Sir Bampfylde Fuller has stated that the lowest estimate of the increase in produce obtained ...
— Indian Unrest • Valentine Chirol
... upon whom to exercise their jurisdiction. I submit that, before a measure of this kind should be adopted, we should reflect most carefully upon what we are doing. We should remember that this country is now almost crushed into the very earth with its accumulated burden of public debt, of State debts, of county debts, of city debts, of township debts, of individual debts. We should bear in mind that we may impose upon the people of this country, by this kind of latitudinarian and most dangerous legislation, a burden that is too heavy to be borne, and against ...
— History of the Thirty-Ninth Congress of the United States • Wiliam H. Barnes
... the public debt, of the Empire and of its members—creditors of the Empire being accounted accessory to the culpable enterprise ...
— An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation • Thorstein Veblen
... and was accepted. The name of the contractor appeared to be Macpherson, but when sent for he turned out to be a Chinaman. He had been shrewd enough to see that he had no chance of getting the work in his own name. The total population of New Zealand is a little over 500,000, and the public debt is about L37,000,000. This seems to show that taxation must be high. A good deal of this large amount has, it is true, been expended on railways, which all belong to the State, and therefore the burden, though heavy, is ...
— Six Letters From the Colonies • Robert Seaton
... the ordinary charges, were often in no condition of levying these occasional taxes, they were obliged to borrow at interest. Interest was then to communities at the same exorbitant rate as to individuals. No province was free from a most onerous public debt; and that debt was far from operating like the same engagement contracted in modern states, by which, as the creditor is thrown into the power of the debtor, they often add considerably to their strength, and to the number and ...
— The Works of the Right Honourable Edmund Burke, Vol. VII. (of 12) • Edmund Burke
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