"Sinking fund" Quotes from Famous Books
 ... colonies refused to contribute to the cost of their own protection, he proposed that, if Great Britain would abolish her monopoly of the colonial trade, allowing free commerce between the colonies and all the rest of the world, they would pay 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 ...
— Benjamin Franklin • John Torrey Morse, Jr.
... our territory, marked the resumption of the forward march of the United States. Twenty-five years later, at the presidential campaign of 1892, the debt had been reduced to $900,000,000, deducting the sinking fund, and the charge for pensions had about reached its maximum and soon began to decrease, though no one objected to any amount of reward for bona fide soldiers who had helped to save the country. The country's wealth ...
— A Journey in Other Worlds • J. J. Astor
... farthing of the loan has now been expended, and the protecting powers have intimated to King Otho, in very strong terns, that he must immediately commence paying the interest and sinking fund, due in terms of the treaty which placed the crown of Greece on his head. The whole burden of this payment, of course, falls on the Greek people, who, we have already shown, have suffered enough from the government of King Otho, without ...
— Blackwood's Edinburgh Magazine -- Volume 54, No. 335, September 1843 • Various
... class of gentlemen at that time extremely numerous and obtrusive—the loan would build railroads, the railroads would build cities, cities would create farms, foreign capital would rush in to so inviting a field, the lands would be taken up with marvellous celerity, and the land tax going into a sinking fund, that, with some tolls and certain sly speculations to be made by the State, would pay principal and interest of debt without even a cent of taxation upon the people. In short, everybody was to be enriched, while the munificence of the State in selling its credit and spending ...
— Lectures and Essays • Goldwin Smith
... council-pensionary took the bold step of proposing a further reduction of interest from 5 to 4 per cent. He had some difficulty in persuading the investors in government funds to consent, but he overcame opposition by undertaking to form a sinking fund by which the entire debt should be paid off in 41 years. Having thus placed the finances of the province on a sound basis, De Witt next brought a similar proposal before the States-General with the result that the interest on the Generality debt was likewise ...
— History of Holland • George Edmundson |
