"National debt" Quotes from Famous Books
 ... priest of the cult has arisen, and from a parent lodge in Pekin he has extended his offices to kindred lodges in most of the capitals of Europe and Asia; he has not neglected the Near East, and America owes him a national debt ...
— The Yellow Claw • Sax Rohmer
... country—one hears different per cents discussed; some 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 over a part of ...
— The Martial Adventures of Henry and Me • William Allen White
... their strong eloquence with a mouthful of clay. The "business man" thinks no doubt that the Napoleonic War is no more than Hecuba to him, or he to Hecuba. But he pays annual tribute to it, for he has to make annual provision for the L600,000,000 which it added to the National Debt. And just as Mr Pitt's foreign policy is in that respect a living reality of our own time, so also, but in a much graver form, are the past depredations and ineptitudes of Unionism living realities in ...
— The Open Secret of Ireland • T. M. Kettle
... pressure came, to repudiate her heavy public debt. Another equally vivacious informant stated that, besides the 32 million pounds of colonial borrowing, "the municipal debts were at least as much more as the national debt." Now this is six times overstated for municipal and harbour debts together. No doubt the actual case is bad enough, for New Zealand has far over-borrowed. But as to repudiation, there is not a hint or notion of it in any responsible quarter whatever, any more than with regard to ...
— Personal Recollections of Early Melbourne & Victoria • William Westgarth
... 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)
... head of an immense business, 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 ...
— Volume I • Andrew Dickson White
... 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, was the ...
— The Diplomatic Correspondence of the American Revolution, Vol. XI • Various
... Wadsworth of Connecticut, "has led me often to attend at the Treasury of the United States, and, from my experience, I venture to pronounce that a Board of Treasury is the worst of all institutions. They have doubled our national debt." He contrasted the order and clearness of accounts while the Superintendent of Finance was in charge with the situation since then. If the committee had before them the transactions of the Treasury Board, "instead of system ...
— Washington and His Colleagues • Henry Jones Ford
... 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 ...
— Blackwoods Edinburgh Magazine, Volume 59, No. 366, April, 1846 • Various
... prepared by the Secretary of the Treasury, will, as usual, be laid 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
... 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 present national debt." ...
— Benjamin Franklin • John Torrey Morse, Jr.
... deceive him. "I can see if other people can't; I can see, if the ministry take the lead, they won't be behind hand." This man found out the only scheme that ever could be invented for paying off the national debt; the scheme that he found out, he discovered to the ministry ...
— A Lecture On Heads • Geo. Alex. Stevens
... it would appear that advantage must result from the observance of a strict and faithful economy. This I shall aim at the more anxiously both because it will facilitate the extinguishment of the national debt, the unnecessary duration of which is incompatible with real independence, and because it will counteract that tendency to public and private profligacy which a profuse expenditure of money by the Government is but too apt ...
— A Compilation of the Messages and Papers of the Presidents, - Vol. 2, Part 3, Andrew Jackson, 1st term • Edited by James D. Richardson
... 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 struggling nation, not ...
— The Loyalist - A Story of the American Revolution • James Francis Barrett
... compound interest, at twenty-four per cent., for one hundred years, would produce a sum equal to our national debt. ...
— The Ghosts - And Other Lectures • Robert G. Ingersoll
... national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing ...
— Messages and Papers of the Presidents, Vol. VIII.: James A. Garfield • James D. Richardson
... of money to pay for wars did not originate in the reign of Anne, but the War of the Spanish Succession added no less a sum than twenty-two millions to the indebtedness of the country, and from that time the National Debt began to assume large proportions. Many people were greatly alarmed at the state of things in this respect, and there were many who prophesied the speedy ...
— With Marlborough to Malplaquet • Herbert Strang and Richard Stead
... the organizations," he said, "are the embarrassment of the Government of the United States in the proper administration of the affairs of the county, and if possible, to repudiate the national debt, or to gain such an ascendency in Congress as to make provision for the assumption by Congress of the debt incurred by the rebel government; also, in case the United States Government can be involved in a foreign war to watch their opportunity and take advantage of the first that ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 2 • George S. Boutwell
... he used sometimes to conjure for us, the equally "noble art" of the prestidigitateur being among his accomplishments. He writes of this, which he included in the list of our Twelfth Night amusements, to another American friend: "The actuary of the national debt couldn't calculate the number of children who are coming here on Twelfth Night, in honor of Charlie's birthday, for which occasion I have provided a magic lantern and divers other tremendous engines of that nature. But the best of it is that Forster and I have purchased between us the ...
— My Father as I Recall Him • Mamie Dickens
... abolish congressional limitations on the size of the national debt—so that the debt could go as high as the President pleased, without any ...
— The Invisible Government • Dan Smoot
... about 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, ...
— Brain Twister • Gordon Randall Garrett
... usher interrupts it by announcing the Queen will have a private audience with the Count Fuentes. While awaiting her, the latter, in a monologue, lets us into the secret that the real crown jewels have been pledged for the national debt, and that he has been employed to make duplicates of them to be worn on state occasions until the real ones can be redeemed. The Queen enters, and expresses her satisfaction with the work, and promotes him to the position of Minister of Secret Police. On ...
— The Standard Operas (12th edition) • George P. Upton
... declared not only for the removal of political disabilities but also for tariff revision and civil service reform and manifested opposition to the alienation of the public domain to private corporations and to all schemes for the repudiation of any part of the national debt. Similar splits in the Republican party took place soon afterwards in other States, and in 1872 the Missouri Liberals called a convention to meet at Cincinnati for the purpose of nominating a ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck
... sprig most brave of men With Mary reigns and all things then Went well with us. Macaulay's page Hails him as Hero of the age. In this reign of William Three, Laws were harsh 'gainst burglary; For they'd a very drastic way And hanged the 'Bill Sykes' of that day. National Debt In sixteen-nine-four we have heard 1694 The National Debt was first incurred; To careful folk who would invest 'Twas not devoid of interest. Another National Debt we owe To Iron Jelloids which the foe Depression's worries keep at ...
— A Humorous History of England • C. Harrison
... would advise that we should go on increasing the national debt to meet the ordinary expenses of the Government. This would be a most ruinous policy. In case of war our credit must be our chief resource, at least for the first year, and this would be greatly impaired by having contracted a large debt in time of peace. It ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... considerably less than the average paid by private bankers to depositors. The great obstacle to the establishment of postal savings-banks in this country has been the lack of available means for the investment of the funds, the rapidly decreasing national debt making government bonds out of the question for the purpose. Mr. Wanamaker proposes to overcome this obstacle by loaning the funds to national banks within the State where the deposits are made. The ...
— The Arena - Volume 4, No. 22, September, 1891 • Various
... 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 would ...
— History of the English People, Volume VIII (of 8) - Modern England, 1760-1815 • John Richard Green
... standing armies of each clan. The central government assumed all the payments to the samurai for services of whatever kind. This heavy charge of the government was met by borrowing $165,000,000,(334) which was added to the national debt. With this sum they undertook to capitalize the pensions, which was finally accomplished by a compulsory enactment. Each claimant received from the government interest-bearing bonds for the amount of his ...
— Japan • David Murray
... good friend Bagster arises from the fact that he can't do one good thing without being confused by a dozen other things which are equally good. He feels that he is a miserable sinner because his moral dollar is not enough to pay the national debt. ...
— Humanly Speaking • Samuel McChord Crothers
... 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 ...
— Hidden Treasures - Why Some Succeed While Others Fail • Harry A. Lewis
... silver a drink. The 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 States ...
— The Trimmed Lamp and Others • O Henry
... money expended for direct war purposes alone since August 1, 1914, is equal to three times the par value capitalization of all the American railroads. It represents fifty times the net national debt of the United States: eighteen times the amount of money in actual circulation in this country: and eleven times the total deposits in all our savings banks. With it you could build 146 Panama Canals or pay for ...
— The War After the War • Isaac Frederick Marcosson
... 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 nine hundred and ...
— The History of England in Three Volumes, Vol.I., Part F. - From Charles II. to James II. • David Hume
... like." "Well, five pounds," cries Green. "No, shillings," says his friend. "Never bet in shillings," replies Green, pulling up his shirt collar. "I'll bet fifty pounds," he adds,-getting valiant. "I'll bet a hundred ponds—a thousand pounds—a million pounds—half the National Debt, if you like." ...
— Jorrocks' Jaunts and Jollities • Robert Smith Surtees
... eighteenth century cost Ireland we may judge from these figures: in 1797, while the hangings, burnings and torturings which brought about the insurrection of the following year were in an early stage, the national debt of Ireland was under $20,000,000; three years later that debt amounted to over $130,000,000. It is profitless to pursue the subject further. We may close it by saying that hardly can we find in history a story more discreditable ...
— Ireland, Historic and Picturesque • Charles Johnston
... 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
... press a proposal for raising a fund towards paying the National Debt by the following means: The author would have commissioners appointed to search all the public and private libraries, booksellers shops and warehouses, in this kingdom, for such books as are of no use to the owner, or to the public, viz. all comments on the Holy Scriptures, whether ...
— The Prose Works of Jonathan Swift, D. D., Volume IV: - Swift's Writings on Religion and the Church, Volume II • Jonathan Swift
... 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 ...
— Without Prejudice • Israel Zangwill
... called, is just the portion of it which is indebted to them the most. But Clara had not patience to hear any more of the unintelligible jargon which has got possession of the world to-day, much as Mr. Pitt's celebrated sinking-fund scheme for paying off the national debt of Great Britain did, half a century since, and under very much the same influences; and she desired her friend to come at once to the point, ...
— Autobiography of a Pocket-Hankerchief • James Fenimore Cooper
... arithmetic; and one day that he was confined to his chamber, and I enquired what he had been doing to divert himself, he shewed me a calculation which I could scarce be made to understand, so vast was the plan of it; no other indeed than that the national debt, computing it at L180,000,000, would, if converted into silver, serve to make a meridian of that metal, I forget how broad, for the globe of the whole earth.' See ante, iii. 207, and ...
— Life Of Johnson, Volume 5 • Boswell
... thanks to William III. with his incessant Continental wars, had already a great National debt, of which Scotland owed nothing, and as taxation in England was high, while Scottish taxes under the Union would rise to the same level, and to compensate for the Darien losses, the English granted a pecuniary "Equivalent" (May 10). They also did not raise ...
— A Short History of Scotland • Andrew Lang
... its ranks altruism, neighborly kindness that is the surest basis of progress, has a thousand disintegrated expressions. "The kindness of the poor to the poor, if expressed in terms of money, would pay the National debt over night," he said, and, letting out his voice, and releasing his strength, he begged the men and women who work and sweat at their work to give that altruism some form and direction, to put it into harness—to form it into ranks, ...
— In the Heart of a Fool • William Allen White
... system, the marine hospitals, and life-saving service.[21] He sends reports to Congress, and suggests such measures as seem good to him. Since the Civil War his most weighty business has been the management of the national debt. He is aided by two assistant secretaries, six auditors, a register, a comptroller, a solicitor, a director of the mint, commissioner of internal revenue, chiefs of the bureau of statistics and bureau of engraving ...
— Civil Government in the United States Considered with - Some Reference to Its Origins • John Fiske
... terriff in order to hyst the public debt, but now that we've got the national debt coopered I wish they'd take a little hack at mine. I've put in fifty years farmin'. I never drank licker in any form. I've worked from ten to eighteen hours a day, been economical in cloze and never went to a show more'n ...
— Nye and Riley's Wit and Humor (Poems and Yarns) • Bill Nye
... 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 ...
— Historical and Political Essays • William Edward Hartpole Lecky
... standing on the account to the 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 of Ireland shall be payable ...
— A Leap in the Dark - A Criticism of the Principles of Home Rule as Illustrated by the - Bill of 1893 • A.V. Dicey
... so much money in one operation. And yet I can't see how they get along. Look at the big faculty they have, and all these buildings to keep up and keep going. When I think of how big a dollar seems to me, the tuition looks like the national debt of Mexico; but when I try to figure out how much it costs the college per student, I feel as though I were paying lunch-counter prices for a dining-car dinner. How do they do ...
— John Wesley, Jr. - The Story of an Experiment • Dan B. Brummitt
... unfit for publication. Looking over the diary, it is instructive to observe how little reference is made to music. One or two of the entries are plainly memoranda of purchases to be made for friends. There is one note about the National Debt of England, another about the trial of Warren Hastings. London, we learn, has 4000 carts for cleaning the streets, and consumes annually 800,000 cartloads of coals. That scandalous book, the Memoirs of Mrs Billington, ...
— Haydn • J. Cuthbert Hadden
... legislation favoring the English tenant-farmers, and improving the condition of workingmen in towns. Even after Disraeli's death, Lord Salisbury continued his domestic policy, instituting local government by means of county councils in 1888, making the schools free in 1891, and refunding the national debt in 1888. ...
— Ten Englishmen of the Nineteenth Century • James Richard Joy
... 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 ...
— Marzio's Crucifix and Zoroaster • F. Marion Crawford
... 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 of particular persons, and making ...
— The Querist • George Berkeley
... later legislation that respect was had to such lands as the Trientabula, estates which had been granted by the Roman government at a quit rent to its creditors, as security for that portion of a national debt which had never been repaid. It is less certain what happened in the case of lands of which the usufruct alone had been granted to communities of Roman citizens or Latin colonists. Ownership in this case still remained vested in the Roman people, ...
— A History of Rome, Vol 1 - During the late Republic and early Principate • A H.J. Greenidge
... 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 many ...
— Blackwood's Edinburgh Magazine, Vol 58, No. 357, July 1845 • Various
... 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 expenses of government to 142 millions per annum; leaving only three millions to pay the interest upon 3000 millions. The first care ...
— Memoirs of Extraordinary Popular Delusions and the Madness of Crowds • Charles Mackay
... 1783 peace with England was declared, and the independence of the colonies was achieved. The war left the American people with an empty treasury, and a country drained of its wealth and impoverished by the exhaustive struggle. It left us with a large national debt, both to our own citizens and friends abroad, and most of all, left us with an army of unpaid patriotic soldiers. And no sooner had foreign danger been removed than domestic troubles arose which filled all with gloomy forebodings ...
— Government and Administration of the United States • Westel W. Willoughby and William F. Willoughby
... attorneys brought libel suits against editors, and even prosecuted such men as Judge Reeve and the Rev. Mr. Backus of Connecticut. It was a pet doctrine of Jefferson that one generation had no right to bind a succeeding one; hence every constitution and all laws should become null and every national debt void at the end of nineteen years, or of whatever period should be ascertained to be the average duration of human life after the age of twenty-one. He adhered to this notion through life, although Mr. Madison, when urged by him to expound it, gently pointed out its ...
— Continental Monthly, Vol. 5, Issue 2, February, 1864 • Various
... realises this better than the well-to-do Persian, and nothing would be more welcome to him than radical reform on the part of the Shah, and the establishment of the land of Iran on unshakable foundations. With a national debt so ridiculously small as Persia has at present, there is no reason why, with less maladministration, with her industries pushed, with her army reorganised and placed on a serviceable footing, she should not rank as ...
— Across Coveted Lands - or a Journey from Flushing (Holland) to Calcutta Overland • Arnold Henry Savage Landor
... independence. Nobody would accept office in the new 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
... many more men attain it? At all events it is clear that 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 ...
— Heartbreak House • George Bernard Shaw
... dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant Canada enjoys solid economic prospects. Solid fiscal management has produced a long-term budget surplus which is substantially reducing the national debt, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the United ...
— The 2005 CIA World Factbook • United States. Central Intelligence Agency
... greater than the numbers which dwell to-day within its capital and immediate suburbs. Its revenue was perhaps equal to the sixtieth part of the annual interest on the present national debt. Single, highly-favoured individuals, not only in England but in other countries cis-and trans-Atlantic, enjoy incomes equal to more than half the amount of Elizabeth's annual budget. London, then containing perhaps one hundred and fifty thousand ...
— The Rise of the Dutch Republic, 1555-1566 • John Lothrop Motley
... as she shook hands cordially with Mary Morfe. She knew Mary very well indeed. For Mary was the "librarian" of the glee and madrigal club; Mary never missed a rehearsal, though she cared no more for music than she cared for the National Debt. She was a perfect librarian, and very good at unofficially prodding indolent members into a more ...
— The Matador of the Five Towns and Other Stories • Arnold Bennett
... ten; and I'll give you twenty if you'll pay me at once;" added Mr Ireton—knowing very well that his victim could as easily have paid off the national debt. ...
— Blackwoods Edinburgh Magazine, Volume 59, No. 365, March, 1846 • Various
... anything. Look at what you might have done! Here you are, already 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. Look ...
— The Path to Rome • Hilaire Belloc
... says 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 to ...
— If Not Silver, What? • John W. Bookwalter
... that he will take up the National Debt." Robarts then told him about the projected marriage with Miss Dunstable, giving it as his opinion that the lady would probably accept ...
— Framley Parsonage • Anthony Trollope
... treatment shows no certain signs of abatement. Today in England the Empire Resources Development Committee proposes to treat African colonies as "crown estates" and by intensive scientific exploitation of both land and labor to make these colonies pay the English national debt after the war! German thinkers, knowing the tremendous demand for raw material which would follow the war, had similar plans of exploitation. "It is the clear, common sense of the African situation," says H.G. Wells, "that while these precious regions ...
— Darkwater - Voices From Within The Veil • W. E. B. Du Bois
... State, while the world looked on aghast at the strange and bloody spectacle. The final result has been the emancipation of the slaves, and their endowment with all the rights and privileges of American citizens. But with this has come a frightful national debt, the destruction of that feeling of common interest and patriotism, which is the strongest security of a country; a contempt for the Constitution, the concentration of power in the hands of Congress, small regard for State rights, while the controlling power in the South has passed into the ...
— The Great Riots of New York 1712 to 1873 • J.T. Headley
... increasing mortgage upon the State and work perpetually for fluidity, anonymity, and irresponsibility in their arrangements. It was in England, again, that this began and vigorously began with what I think was the first true "National Debt"; a product contemporary in its origins ...
— The Free Press • Hilaire Belloc
... persisted in forty years, two entire years of the snuff-taker's life will be devoted to tickling his nose, and two more to blowing it." The same author proposes in a subsequent essay to show, that from the expense of snuff, snuff-boxes, and handkerchiefs, a fund might be formed to pay off the English National debt! ...
— The American Quarterly Review, No. 17, March 1831 • Various
... by what it fed upon,—as the paper-money theory has generally done. Toward the close, in a burst of eloquence, he suggested that assignats be created to an amount sufficient to cover the national debt, and that all the national lands be exposed for sale immediately, predicting that thus prosperity would return to the nation and that an classes would find this additional issue of paper ...
— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White
... of invention and a thorough grasp of his subject; some of them were 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, ...
— A History of the United States • Cecil Chesterton
... have issued huge loans which will impose heavy burdens on future generations; and the yield of the first loans has already been spent or pledged. The first loan issued by the British Government was nearly twice the national debt of the United States; and it is supposed that its proceeds will be all spent before next Summer. Germany has already spent $1,600,000,000 since the war broke out—all unproductively and most of it for destruction. ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various
... unrestricted liberty of the press. 'Had these principles,' he declares, 'prevailed from 1770 to 1820, the country would have avoided the American War and the first French Revolutionary War, the rebellion in Ireland in 1798, and the creation of three or four millions of national debt.'[3] Whenever opportunity allowed, Lord John sought in Parliament during the period under review to give practical effect to such convictions. He spoke in favour of the repeal of the Foreign Enlistment Bill, on the question of the evacuation of Spain by ...
— Lord John Russell • Stuart J. Reid
... proceedings of this year included a proposal for the redemption of South Sea stock and an attempted operation on the national debt, by the creation of new stocks bearing a lower rate of interest, two options of conversion being given to the holders of old stock. The idea of the creation of a two-and-half-per-cent. stock, said ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley
... 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, that shares rose or fell ...
— The Humbugs of the World • P. T. Barnum
... restoration of peace in 1815, the national debt of England amounted in Federal currency to $4,305,000,000. It is impossible as yet to say what will be the ultimate amount of our national debt. It amounts now to rather more than one half of the debt of Great Britain, and, at its present ratio of increase, it will take nearly four ...
— The Atlantic Monthly, Volume 15, No. 92, June, 1865 • Various
... France could be permanently subjugated in the Mediterranean by the cowardly, treacherous villains of which the Roman States armies and Governments were composed. History is not altogether faithful to the truth in its honeyed records of the ministerial pashas who tranquilly increased the national debt, inflicted unspeakable horrors on the population, and smirched our dignity by entering into a costly bond of brotherhood with an inveterate swarm of hired bloodsucking weasels. Such, forsooth! was the mental condition of the wooden souls who ...
— Drake, Nelson and Napoleon • Walter Runciman
... 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 ...
— Queen Hortense - A Life Picture of the Napoleonic Era • L. Muhlbach
... on the Shores of Lake Superior Albert D. Hagar 308 Modern Improvements and our National Debt ...
— The Atlantic Monthly, Volume 15, No. 87, January, 1865 • Various
... of the National Debt? Repudiation is no less dishonourable in a people than in an individual, and the penalty for failure to respect the sanctity of obligations is no different for a nation than for ...
— Right Above Race • Otto Hermann Kahn
... lands, and to leave to the farmer himself the task of seeing to it that he knock out his wages. The mortgage indebtedness that burdens the soil of France imposes upon the French farmer class they payment of an interest as great as the annual interest on the whole British national debt. In this slavery of capital, whither its development drives it irresistibly, the allotment system has transformed the mass of the French nation into troglodytes. Sixteen million farmers (women and children included), house in hovels ...
— The Eighteenth Brumaire of Louis Bonaparte • Karl Marx
... pennyworth of the philosopher's 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
... Even the hundred pounds that Jane took you last night were promised to my lawyer to-morrow morning, and the want of it will put me to great inconvenience. I don't mean to say that I won't assist you ultimately. But as for paying your creditors in full, I might as well hope to pay the National Debt. It is madness, sheer madness, to think of such a thing. You must come to a compromise. It's a painful thing for the family, but everybody does it. There was George Kitely, Lord Ragland's son, went through ...
— Vanity Fair • William Makepeace Thackeray
... 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 nature' of theorists was ...
— Hours in a Library - New Edition, with Additions. Vol. II (of 3) • Leslie Stephen
... our noble fathers who fought and bled at Long Branch. I should say Nahant,—well, at some watering-place, I really forget precisely where,—we have no taxes, and know not what a revenue stamp is like! Thank fortune, we have no share in the national debt of Great Britain, and have no national debt of our own that is worth mention. Besides, we are going to found the little debt that we do owe, so that nobody will ever be bothered about ...
— Punchinello, Vol. 1, No. 17, July 23, 1870 • Various
... 20th April the London mob forgot the frost, forgot the quartern loaf and the national debt, and prepared for a holiday, inspired thereto, not so much by Lewis the Eighteenth as by the warmth and brilliant sky. There are two factors in all human bliss— an object and the subject. The object may be a trifle, but the condition of ...
— The Revolution in Tanner's Lane • Mark Rutherford
... 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 great French war, the propertied classes, who were supreme in Parliament, at once rebelled against the Tory Government, and refused to prolong the income tax even for a single year. We talked big, both then and now, about the payment of our national debt; but sixty-three years have since elapsed, all of them except two called years of peace, and we have reduced the huge total by about one ninth; that is to say, by little over one hundred millions, or scarcely more than one million and a half a year. This is the conduct of a State elaborately ...
— Prose Masterpieces from Modern Essayists • James Anthony Froude, Edward A. Freeman, William Ewart Gladstone, John Henry Newman and Leslie Steph
... attribute it, very naturally, to the Government stamp, and the securities which are required; some, to the machinery of Government of this country being necessarily so complicated by ancient rights and privileges, and the difficulties of raising a revenue, whereof the item of interest on the national debt alone amounts to nearly 30,000,000l.; while others, again planting one foot of the Press compass in London, show that a half circle with a radius of five hundred miles brings nearly the whole community within twenty-four hours' post of the metropolis, in which the best ...
— Lands of the Slave and the Free - Cuba, The United States, and Canada • Henry A. Murray
... useful speech from Lord Goderich on the funded and expended debt. He showed that the receipt from taxes was about the same as in 1816, although 9 millions had been taken off, and that the interest of the National Debt would, in 1831, be reduced 44 millions below its amount ...
— A Political Diary 1828-1830, Volume II • Edward Law (Lord Ellenborough)
... we do, one-half the people, bearing the burdens of one-half the national debt, equally responsible with man for the education, religion and morals of the rising generation, let us with united voice send forth a protest against the present political status of woman, that shall echo and reecho through the land. In view of the numbers and character of those making the ...
— History of Woman Suffrage, Volume III (of III) • Various
... also involve an invasion of the upper house, for colonists won't take half a loaf now, I tell you; which would make some o' those gouty old lords fly round and scream like Mother Cary's chickens in a gale of wind; and then there would be the story of the national debt, and a participation in imperial taxes to adjust, and so on; but none of these difficulties ...
— Nature and Human Nature • Thomas Chandler Haliburton
... extending the same treatment to China as is now granted to the 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 faulty estimate of ...
— The Fight For The Republic in China • Bertram Lenox Putnam Weale
... to the policy of the General Government. He thought that if the national debt had not been paid, the expenses of the government would not have doubled, as they had done ...
— The Papers And Writings Of Abraham Lincoln, Complete - Constitutional Edition • Abraham Lincoln
... 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 could pay them; loans, in every ...
— Eulogy on Chief-Justice Chase - Delivered by William M. Evarts before the Alumni of - Dartmouth College, at Hanover • William M. Evarts
... 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 satiric, of an era of speculation ...
— A Voyage to Cacklogallinia - With a Description of the Religion, Policy, Customs and Manners of That Country • Captain Samuel Brunt
... time upon indifferent matters, which I observed the good Bishop took especial pains to preserve clear from French politics. He asked me, however, two or three questions about the state of parties in England,—about finance and the national debt, about Ormond and Oxford; and appeared to give the most close attention to my replies. He smiled once or twice, when his relation, Madame de Balzac, broke out into sarcasms against the Jesuits, which had nothing to do with ...
— Devereux, Complete • Edward Bulwer-Lytton
... this point regularly published by our central bank—some two and a-half milliards (2,500,000,000L) are invested partly in the large foreign banks, partly in European and American bonds. For example, a good half of your Italian national debt is in the hands of Freelanders. But what are such figures in comparison with the gigantic amounts of our savings and capital? We cannot prevent, and have no reason whatever to prevent, many Freelanders from being induced by foreign interest to accumulate more capital than is needed ...
— Freeland - A Social Anticipation • Theodor Hertzka
... infrastructure. The government nonetheless 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 debt default ...
— The 2002 CIA World Factbook • US Government
... 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 inherit his power; and the King had begun ...
— Montcalm and Wolfe • Francis Parkman
... without further radical amendments, obtains the approval of the Senate, it will give the death-blow to the cardinal policy of the country, which now seeks a large reduction of the rate of interest upon our national debt. Even that portion now held abroad will come back in a stampede to be exchanged for gold at any sacrifice. The ultimate result would be, when the supply for customs shall have been coined and the first effervescence has passed away, the emission ...
— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • 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 supported with great warmth the proposal ...
— The Constitutional History of England From 1760 to 1860 • Charles Duke Yonge
... opponents of sanitation sat snugly at home hundreds of thousands of British soldiers were killed or maimed, enormous material was lost with territory which other hundreds of thousands of brave men had died to win, the war was prolonged, thousands of millions were added to the National Debt, and half trained boys and elderly fathers of families were hurried into the firing line. At that time there were in hospitals or in depots, convalescent from venereal disease, enough fully-trained allied soldiers to furnish, not an army corps but a great army, ...
— Safe Marriage - A Return to Sanity • Ettie A. Rout
... old National debt to run at six per cent. per annum, simple interest, from the end of our Revolutionary Struggle until to-day, without paying anything on either principal or interest, each man of us would owe less upon that debt now than each man owed ...
— The Great Conspiracy, Complete • John Alexander Logan
... to drunkenness, the great parent of British poverty and crime—drunkenness, which is a greater tax upon us than the National Debt; let us see what share that has in ...
— Rides on Railways • Samuel Sidney
... the 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 that ...
— Life Of Johnson, Vol. 2 • Boswell
... the President's message issued the first week in December, 1877. It was, in fact, Mr. Hayes's repudiation of a dishonest measure prepared by members of Congress to pay off our national debt in silver instead of in gold as had ...
— T. De Witt Talmage - As I Knew Him • T. De Witt Talmage
... his Excellency the Imperial Minister of Finance, who handles a million dollars of public money a year, sends in his annual "budget" with great ceremony, talks prodigiously of "finance," suggests imposing schemes for paying off the "national debt" (of $150,000,) and does it all for $4,000 a year ...
— Innocents abroad • Mark Twain
... and the man who is considered quite a big squatter in the settled districts is thought small potatoes by the magnate "out back," who shears a hundred and fifty thousand sheep, and has an overdraft like the National Debt. ...
— An Outback Marriage • Andrew Barton Paterson
... 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 Siyes, who well merited the epithet, "indefatigable constitution-grinder," applied to Paine by Cobbett. ...
— Atlantic Monthly, Vol. IV, No. 26, December, 1859 • Various
... about L100,000 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 case double or treble ...
— Against Home Rule (1912) - The Case for the Union • Various
... administration of Adams came to an end. He had favored the payment of the national debt; he had dared to anticipate the future, to impose taxes and provide ships; he had aided the formation of a military academy and advocated a system of coast-defence, and had boldly asserted our national rights against the French Republic; and yet he loved peace so well, ...
— Atlantic Monthly, Vol. 7, No. 44, June, 1861 • Various
... House of Representatives, and as Secretary of the Treasury under President Grant's Administration, he had, of course, a large influence upon our financial history. He saw very early the importance of devoting every resource of the country to the reduction of the National debt. It was not with him, as I understand it, a question whether a little saving could be made in the way of taxes by postponing the payment until the rate of interest should be less or the National resources ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... greater centralization of power in the general government; and that necessity became painfully apparent when peace came, and the people of the several states found themselves in the condition of independent sovereignty. The system of credit for the extinction of the national debt, and to provide for the national expenditures, devised by the Congress, was tardily accepted by most of the states, and utterly neglected by others. Local interests and prejudices were consulted instead of the national welfare; treaty stipulations ...
— Washington and the American Republic, Vol. 3. • Benson J. Lossing
... 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
... strange as it may seem, England is not a match for America in this particular. By a curious kind of revolution in accounts, the people of England seem to mistake their poverty for their riches; that is, they reckon their national debt as a part of their national wealth. They make the same kind of error which a man would do, who after mortgaging his estate, should add the money borrowed, to the full value of the estate, in order to count up his worth, and in this case he would conceive that he got rich by running ...
— The Writings Of Thomas Paine, Complete - With Index to Volumes I - IV • Thomas Paine
... office of lord high admiral, and in 1714 became treasurer of the navy, being sworn in two years later as a member of the privy council. In March 1718 he became chancellor of the exchequer. The proposal of the South Sea Company to pay off the national debt was strenuously supported by Aislabie, and finally accepted in an amended form by the House of Commons. After the collapse of that company a secret committee of inquiry was appointed by the Commons, and Aislabie, who had in the meantime resigned the seals of his ...
— Project Gutenberg Encyclopedia
... Government's fiscal policy. At this time, it is essential not only that the Federal budget be balanced, but also that there be a substantial surplus to reduce inflationary pressures, and to permit a sizable reduction in the national debt, which now stands at $252 billion. I recommend, therefore, that the Congress enact new tax legislation to bring in an additional $4 billion of Government revenue. This should come principally from additional corporate ...
— State of the Union Addresses of Harry S. Truman • Harry S. Truman
... 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 subscribe myself ...
— Life of Lord Byron, Vol. I. (of VI.) - With his Letters and Journals. • Thomas Moore
... income for the creditors and turning the remainder over to the Dominican government. The situation immediately changed as if by magic. The imports and exports, and with them the income of the government, quickly reached higher figures than the country had ever seen, the national debt was scaled down by almost one-half and the new Dominican bonds issued in 1907 to convert the old debt went nearly to par in ...
— Santo Domingo - A Country With A Future • Otto Schoenrich
... be prized and valued wherever commerce is known. What would not one of the Powers of Europe give for this favored section? The treasures of the continent would be opened. Nations would unlock the caskets of their crown jewels to secure it. England would double her national debt to have it; so would France; so would Russia. And yet we stand here higgling over these little differences which alone have caused our separation. Is it not better that we should rise to the level of the occasion, and meet the requisition of the times, instead of expending precious hours ...
— A Report of the Debates and Proceedings in the Secret Sessions of the Conference Convention • Lucius Eugene Chittenden
... their 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 ...
— Endymion • Benjamin Disraeli
... republic is 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 national treasury, and thus relieve the peasant and ...
— The Arena - Volume 4, No. 23, October, 1891 • Various
... Then comes HARCOURT with the abhorred shears of facts and figures, and slits the thin-spun web of JOKIM'S ingenious fancy; shows that, instead of a surplus, he has, when honest arithmetic is set to work, a deficit; instead of increasing the rate of reduction of National Debt, he has done less in that direction than his predecessors; and that whilst expenditure on Army and Navy has exceeded any figures reached by former Chancellors of the Exchequer, the ...
— Punch, or the London Charivari, Volume 100, May 9, 1891 • Various
... the West Indies and elsewhere, adventurers of every stripe, a few even of the city populace, and some country common folk. The purchase and sale of the confiscated lands, the national domain which furnished a slender security for the national debt and depreciated bonds, had enriched thousands of the vulgar sort. The newly rich lost their balance and their stolidity, becoming as giddy and frivolous and aggressive as the worst. The ingredients ...
— The Life of Napoleon Bonaparte - Vol. I. (of IV.) • William Milligan Sloane
... mineral wealth was discovered; railroads 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 unsound ...
— The Sequel of Appomattox - A Chronicle of the Reunion of the States, Volume 32 In The - Chronicles Of America Series • Walter Lynwood Fleming
... 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 ...
— Expansion and Conflict • William E. Dodd
... been wasted in trying to teach music to unmusical people would pay our national debt twice over, and leave a competency for every orphan ...
— An Ambitious Man • Ella Wheeler Wilcox
... London paper an account of a like philosophic pauper, who was kicked out of a cheap boarding-house because he could not pay his bill, but he had a roll of papers sticking out of his coat pocket, which, upon examination, proved to be his plan for paying off the national debt of England without the aid of a penny. People have got to do as Cromwell said: "Not only trust in Providence, but keep the powder dry." Do your part of the work, or you cannot succeed. Mahomet, one night, while encamping in the desert, overheard one of his fatigued followers remark: ...
— A Unique Story of a Marvellous Career. Life of Hon. Phineas T. • Joel Benton
... well as for the duty they performed, they received but a very low return of interest. Simple confiscation is a boon only for the clergy: to the lawyers some appearances of equity are to be observed; and they are to receive compensation to an immense amount. Their compensation becomes part of the national debt, for the liquidation of which there is the one exhaustless fund. The lawyers are to obtain their compensation in the new Church paper, which is to march with the new principles of judicature and legislature. The ...
— The Works of the Right Honourable Edmund Burke, Vol. III. (of 12) • Edmund Burke
... 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
... DEBT.—Each of the states was in debt for money and supplies used in the war; and over the whole country hung a great debt contracted by the old Congress. Part of this national debt was represented by bills of credit, loan-office certificates, lottery certificates, and many other sorts of promises to pay, which had become almost worthless. This was strictly true of the bills of credit or paper money issued in great quantities ...
— A Brief History of the United States • John Bach McMaster
... expedition, the 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 ...
— Lord Milner's Work in South Africa - From its Commencement in 1897 to the Peace of Vereeniging in 1902 • W. Basil Worsfold
... characteristic pre-occupation was a study of finance in the interests of national 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 ...
— Shelley, Godwin and Their Circle • H. N. Brailsford
... 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 capital ...
— Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson - Volume I • Thomas Jefferson
... that the bad Ministers have contracted the National Debt. This cannot be; for instead of contracting it at all, bad Ministers have ...
— The Jest Book - The Choicest Anecdotes and Sayings • Mark Lemon
... silence. Heavily steps ascended. Then the song began again, a little more insane than before; the laughter a little wilder.... "You can't stop her," Afrique said admiringly. "A great voice Mademoiselle has, eh? So, as I was saying, the national debt being conditioned—" ...
— The Enormous Room • Edward Estlin Cummings
... first place, I won't have any kings; if it were only from an economical point of view, I don't want any; a king is a parasite. One does not have kings gratis. Listen to this: the dearness of kings. At the death of Francois I., the national debt of France amounted to an income of thirty thousand livres; at the death of Louis XIV. it was two milliards, six hundred millions, at twenty-eight livres the mark, which was equivalent in 1760, according to Desmarets, to four milliards, five hundred ...
— Les Miserables - Complete in Five Volumes • Victor Hugo
... were of a different kind, working out arithmetical calculations by means of trains of wheels and other arrangements; and that contrived by Lord Stanhope for the purpose of verifying his calculations with respect to the National Debt was of like character. But none of these will bear for a moment to be compared with the machine designed by Mr. Babbage for performing arithmetical calculations and mathematical analyses, as well as for recording the calculations when made, thereby getting rid entirely ...
— Industrial Biography - Iron Workers and Tool Makers • Samuel Smiles
... 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 ...
— The Lincoln Story Book • Henry L. Williams
... face of it there was not much cause for congratulation in a war in which the United States trebled its national debt and lost 30,000 men and 1,500 merchant ships, without gaining any territory and without securing any promise at the end of the war that the disturbance of neutral trade and the impressment of American seamen would ...
— The Mentor: The War of 1812 - Volume 4, Number 3, Serial Number 103; 15 March, 1916. • Albert Bushnell Hart
... Otis says, in a manner worthy of an American patriot in the year 1898, "The national debt is confessed on all hands to be a terrible evil, and may in time ruin the state. But it should be remembered, that the colonies never occasioned its increase, nor ever reaped any of the sweet fruits of involving the finest kingdom in the world in the sad ...
— James Otis The Pre-Revolutionist • John Clark Ridpath
... debt to the new Government. Besides this many of the States had paid each its own cost of equipping and maintaining its contingent. Hamilton now proposed that the United States Government should assume these various State debts, which would aggregate $21,000,000 and bring the National debt to a total of $75,000,000. Hamilton's suggestion that the State debts be assumed caused a vehement outcry. Its opponents protested that no fair adjustment could be reached. The Assumptionists retorted that this would be the only fair settlement, but the Anti-Assumptionists ...
— George Washington • William Roscoe Thayer
... bells. Well, he loves the constitution, as he ought to do; for has it not done well for him and his forefathers? And has it not kept the mob in their places, spite of the French Revolution? And taken care of the National Debt? And has it not taught us all to "fear God and honor the king;" and given the family estate to him, the church to his brother Ned, and put Fred and George into the army and navy? Could there possibly be a better constitution, ...
— Harper's New Monthly Magazine, Volume 1, No. 4, September, 1850 • Various
... public necessities require. The vast amount of vacant lands, the value of which daily augments, 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 revenue is ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • Various
... in and say the Swiss national debt is $——, or —— kopecks, and then lead on to other topics such as the comparative heights of mountain peaks, letting the consul gradually grasp the fact that we have been in Switzerland? Or should we call him up on the telephone and make a mysterious appointment ...
— Mince Pie • Christopher Darlington Morley
... national debt threatened the integrity of the whole. Should redemption take place at par, and at once, the credit of the United States could not fail to be strengthened. But should the greenbacks be allowed to remain below par, should more of them ...
— The New Nation • Frederic L. Paxson
... insidious attacks upon whatever feature of the war-policy of 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
... of the national debt, including the sinking fund, are now little short of L40 millions a year; and these L40 millions, if we completely succeed in the reduction of the price of corn and labour, are to be paid in future from ...
— The Grounds of an Opinion on the Policy of Restricting the Importation of Foreign Corn: intended as an appendix to "Observations on the corn laws" • Thomas Malthus
... into the spirit of Ward's remarks and put in: "But the National debt, General—if you have all that money to spare, why don't you pay it off? Practise ...
— A Certain Rich Man • William Allen White
... 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 didn't want him to come to any harm while he was all worked ...
— Roy Blakeley's Adventures in Camp • Percy Keese Fitzhugh
... the island and a revolution going on against each. One of these governments was once to be found at sea in a small gunboat but still insisting that, as the only legitimate government, it was entitled to declare war or peace or, more particularly, to make loans. The national debt of the Republic had mounted to $32,280,000 of which some $22,000,000 was owed to European creditors. The interest due on it in the year 1905 was two and a half million dollars. The whole situation was ripe for intervention by one ...
— Theodore Roosevelt and His Times - A Chronicle of the Progressive Movement; Volume 47 in The - Chronicles Of America Series • Harold Howland |
