"Redeemable" Quotes from Famous Books
 ... these measures at least were necessary: First, to increase largely the revenues from customs duties to be paid in coin; second, impose all forms of internal taxes authorized by the constitution; third, create a national currency redeemable in coin, with no fixed time for redemption, but made a legal tender for all debts, public and private, except customs duties; fourth, borrow any moneys needed on ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman
... 15th instant, herewith transmitted, shows that the sum of $58,100 5 per cent stock, created under the act of 3d March, 1843, now stands on the books of the Treasury in the name of the Secretary of the Treasury, as trustee for the Chickasaw national fund. This stock, by the terms of its issue, is redeemable on the 1st July next, when interest thereon will cease. It therefore becomes my duty to lay before the Senate the subject of reinvesting this ...
— A Compilation of the Messages and Papers of the Presidents - Section 3 (of 4) of Volume 5: Franklin Pierce • James D. Richardson
... exchange government securities, to the amount of eight hundred millions, for the Mississippi stock. They sold consols at Law's bank, and were paid in his bills, with which they bought shares. The bills of the bank were of course redeemable in gold and silver; but for a time nobody wanted gold and silver, so great was the credit of the bank. Moreover, the bank itself was guaranteed by the shares of the Company, which were worth at one period twelve times their original value. John Law, of course, was regarded as a ...
— Beacon Lights of History, Volume VIII • John Lord
... amounting to thirty million nine hundred eighty-one thousand seven hundred twelve pounds, which the company was anxious to take upon itself, upon consideration of 5 per cent. per annum, secured to it until midsummer, 1727; after which time the whole was to become redeemable at the pleasure of the legislature, and the interest to be reduced to 4 per cent. It was resolved, on February 2d, that the proposals were most advantageous to the country. They were accordingly received, and leave was given to bring in a bill to ...
— The Great Events by Famous Historians, v. 13 • Various
... these gentlemen to make that decision," Pedrosan said. "I gather that gold is a monetary metal among your people?" When Trask nodded, he continued: "It is also the basis of the Stolgonian currency. The actual currency is paper, theoretically redeemable in gold. In actuality, the circulation of gold has been prohibited, and the entire gold wealth of the nation is concentrated in vaults at three depositories. We know ...
— Space Viking • Henry Beam Piper
... most original company in all this rocky old world—the Great Adventure Company, of which I am president and general adviser. Pearls! Each member of the crew is a shareholder, undersigned at fifteen hundred shares, par value one dollar. These shares are redeemable October first in New York City if the company fails, or are convertible into pearls of equal value if we succeed. No widows and orphans ...
— The Pagan Madonna • Harold MacGrath
... it by the state, and agreed to deliver up to be cancelled as many Exchequer bills as amounted to two millions sterling, and to accept of an annuity of one hundred thousand pounds, being after the rate of five per cent, the whole redeemable at one year's notice. They were further required to be ready to advance, in case of need, a sum not exceeding 2,500,000 pounds upon the same terms of five per cent interest, redeemable by Parliament. The General Fund Act ...
— Memoirs of Extraordinary Popular Delusions - Vol. I • Charles Mackay
... Biddle, who wished to increase the circulation, said he could resume specie payments, and thus forced his shares to rise; but the rejoicing of the Bank party was soon disturbed by the fact that collectors of taxes were forbidden to receive any bank note for less than $20, which was not redeemable in hard money. ...
— A Brief History of Panics • Clement Juglar
... the inner pocket of his coat, and extracted a packet. In this packet was the enormous sum of one hundred and eighty thousand dollars in notes of one thousand denomination; that is to say, one hundred and eighty slips of paper redeemable in gold by the government which had issued them. On top of this packet lay the colonel's note ...
— The Man on the Box • Harold MacGrath
... export, of course. A serious liquidation in foreign securities had been going on long before the war. Some foreign securities must have still remained. However that may be, a claim to funds in Germany (i.e., a bill drawn on Germany) was not redeemable in gold, and it fell in price. In normal times a bill could not fall below the shipping point in gold, (par with us for 4 marks is 95-1/4 cents in gold;) but, since gold could not be sent, exchange on Germany could fall to any ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various
... delivered. Instead of money, each employer should be required to pay once a week in tickets issued and signed by himself or agent, not transferable to any one off the premises of him who issues them, redeemable by the issuer quarterly in current funds, and to be received by him in the purchase of goods, provisions, &c., which he sold at ...
— Report on the Condition of the South • Carl Schurz
... the interest of which, and the charges for management, amounting annually to about four millions and three quarters, the revenues just enumerated are in the first place mortgaged, and made perpetual by parliament. Perpetual, I say; but still redeemable by the same authority that imposed them: which, if it at any time can pay off the capital, will abolish those taxes which are raised to discharge ...
— Commentaries on the Laws of England - Book the First • William Blackstone
... elect who have the smokers on the fat runs. To the old men come dimes instead—some of them miserable affairs bearing on their worn faces the faint presentments of the ruler on the north side of Lake Erie and hardly redeemable in Baltimore or Cincinnati. Yet even these are hardly to be ...
— How To Write Special Feature Articles • Willard Grosvenor Bleyer
... arguments there is one leading point enforced with all his eloquence and ingenuity—the excellence of the proposed currency, its stability and its security. He declares that, being based on the pledge of public lands and convertible into them, the notes are better secured than if redeemable in specie; that the precious metals are only employed in the secondary arts, while the French paper money represents the first and most real of all property, the source of all production, the land; that while other nations have been obliged to emit paper money, none ...
— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White
... in change, good for so much philanthropy. Dealers, in general, give out their own bank-notes, or as they are called here, shin plasters, which are good for one dollar, and from that down to two and a-half cents, all of which are redeemable, and redeemable only upon a general return to ...
— Diary in America, Series One • Frederick Marryat (AKA Captain Marryat)
... 1869, an "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
... presented at the last session, and with the other means of the Treasury will prove fully adequate not only to meet the increased expenditures resulting from the large appropriations made by Congress, but to provide for the payment of all the public debt which is at present redeemable. It is now estimated that the customs will yield to the Treasury during the present year upward of $28,000,000. The public lands, however, have proved less productive than was anticipated, and according to present information will not much exceed two millions. ...
— A Compilation of the Messages and Papers of the Presidents, - Vol. 2, Part 3, Andrew Jackson, 1st term • Edited by James D. Richardson
... L250,000 were authorized to be put in circulation (large bills of twenty-five dollars and upwards bearing interest at the rate of fourpence per day for every hundred pounds). They were made current in the revenue, were to have the effect of a legal tender, and were redeemable at the Army Bill Office, either in cash or Government bills of exchange on London, at the option of the commander of the forces. Small bills of four dollars were at all times payable in cash at the Army Bill Office. On the 1st ...
— The Loyalists of America and Their Times, Vol. 2 of 2 - From 1620-1816 • Edgerton Ryerson
... right to his ancestors, has been granted for quit-rents, ceus, and other feudal payments, so that there is no comparison between the lands retained and those thus granted by his family. . . . The solid payments which the Assembly have declared to be redeemable are every hour falling to nothing, without a shadow of recompense. . . The situation of the nobility in this country is pitiable; they are under apprehensions that nothing will be left them, but simply such houses as the mob allows to stand unburned; that the small farmers will retain their farms ...
— The Origins of Contemporary France, Volume 2 (of 6) - The French Revolution, Volume 1 (of 3) • Hippolyte A. Taine
... everywhere the idea of sacrifice and redemption. The death of the Redeemer of the human race is an image of what we have to do for ourselves,—redeem our faults, redeem our errors, redeem our crimes! All is redeemable; Catholicism itself is in that word; hence its adorable sacraments, which help the triumph of grace and sustain the sinner. To weep, to moan like Magdalen in the desert, is but the beginning; the end is Action. Monasteries wept and prayed; they prayed and civilized; ...
— The Village Rector • Honore de Balzac
... part of such plan of settlement is the issue and sale of bonds of the Dominican Republic to the amount of $20,000,000 bearing five per cent interest payable in fifty years and redeemable after ten years at 102-1/2 and requiring payment of at least one per cent per annum for amortization, the proceeds of said bonds, together with such funds as are now deposited for the benefit of creditors from customs revenues of the Dominican ...
— Santo Domingo - A Country With A Future • Otto Schoenrich
... That for every one hundred dollars subscribed payable in the debt, as well interest as principal, the subscriber should be entitled to have two thirds founded on a yearly interest of six per cent. (the capital redeemable at the pleasure of the government by the payment of the principal), and to receive the other third in lands of the western territory at ...
— Washington and the American Republic, Vol. 3. • Benson J. Lossing
... there appear to have been as few redeemable points as can be found in Human Nature, so far as such points may be traced in the kindly instincts and generous passions which do sometimes accompany the perpetration of great crimes, and, without excusing the individual, vindicate the species. Yet, on the other ...
— Lucretia, Complete • Edward Bulwer-Lytton
... suffered seriously in repainting are the leaves of the rod, and the scorpion. I have no idea, as I said above, what the background once was; it is now a mere mess of scrabbled grey, carried over the vestiges, still with care much redeemable, of the richly ornamental extremity of the rod, which was a cluster of green leaves on a black ground. But the scorpion is indecipherably injured, most of it confused repainting, mixed with the white of the dress, the double ...
— Mornings in Florence • John Ruskin
... Confederate Government had carried on the war by the issue of paper money made redeemable on the condition of success in gaining independence. This currency, of course, became worthless. The debt of the United States at the close of the war had risen from about sixty-five millions to more than twenty-seven hundred millions of ...
— Outline of Universal History • George Park Fisher
... provides that in payment for the 4,500,000 ounces of silver bullion which the Secretary of the Treasury is commanded to purchase monthly there shall be issued Treasury notes redeemable on demand in gold or silver coin, at the discretion of the Secretary of the Treasury, and that said notes may be reissued. It is, however, declared in the act to be "the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ...
— Compilation of the Messages and Papers of the Presidents - Volume 8, Section 2 (of 2): Grover Cleveland • Grover Cleveland
... Gag, the daughter of {HORIZONTAL ELLIPSIS} , redeemable with money only. In the thirty-fifth year of Nebuchadnezzar, King of Babylon (570 B.C.), he was given to Akhi-nuri, son of Nebo-nadin-akhi, as security for a debt of twenty-eight shekels. Now he claims that he is the adopted son of Bel-rimanni, ...
— Babylonians and Assyrians, Life and Customs • Rev. A. H. Sayce
... recognized baseball authority, Mr. Sunday discovered "pay dirt" in what Col. Mulberry Sellers called "piousness." He made it an asset and began to issue celestial notes, countersigned by himself and made redeemable in Heaven. From that day to this he has been following the lead of the renowned Simon Suggs, who, having in true camp meeting style acquired "the grace of God," turned loose as an exhorter shouting "Step up to the mourner's ...
— Marse Henry, Complete - An Autobiography • Henry Watterson
... supposition of the females being merely passive subjects, and of the men alone possessing the faculties of free agents. A single man concerned in adultery with a married woman is banished or outlawed by his own family. The lives of culprits are in almost all cases redeemable if they or their connections possess property sufficient, the quantum being in some measure at the discretion of the injured party. At the same time it must be observed that, Europeans not being settled amongst these ...
— The History of Sumatra - Containing An Account Of The Government, Laws, Customs And - Manners Of The Native Inhabitants • William Marsden
... The merchants of Boston, apprehensive that this capital would transfer the stock of Massachusetts to Rhode Island, associated against receiving the new emission; and many of them formed a company which issued one hundred and ten thousand pounds, redeemable with specie, in ten years, a tenth part annually, at the then current value of paper. The association against receiving the new emission of Rhode Island was not long observed; and the bills of New Hampshire and Connecticut were ...
— The Life of George Washington, Vol. 1 (of 5) • John Marshall
... perpetual annuities are essentially redeemable. This maxim of civil law, applied to the State, is good for those who wish to return to the natural equality of labor and wealth; but, from the point of view of the proprietor, and in the mouth of conversionists, it is the language ...
— What is Property? - An Inquiry into the Principle of Right and of Government • P. J. Proudhon
... the notice even of Pythagoras, as we infer from his zeal for music, which he introduced to calm and soothe the soul, as knowing that it was not altogether amenable to precept and instruction, or redeemable from vice only by reason, but that it needed some other persuasion and moulding and softening influence to co-operate with reason, unless it were to be altogether intractable and refractory to philosophy. And Plato saw very plainly ...
— Plutarch's Morals • Plutarch
... limiting the public expenditures to necessary objects, and of applying all the surplus at any time in the Treasury to the redemption of the debt. I recommend that authority be vested in the Executive by law to anticipate the period of reimbursement of such portion of the debt as may not be now redeemable, and to purchase it at par, or at the premium which it may command in the market, in all cases in which that authority has not already been granted. A premium has been obtained by the Government on much the larger portion of the loans, and if when the Government becomes ...
— A Compilation of the Messages and Papers of the Presidents: Polk - Section 3 (of 3) of Volume 4: James Knox Polk • Compiled by James D. Richardson |
