"Reserve fund" Quotes from Famous Books
 ... notes, certificates of stock and bonds, as the public necessities might require, to the amount of two hundred and fifteen millions, was authorized. Of these, fifty millions in Treasury notes were issued without reserve, ten millions in Treasury notes retained as a reserve fund to pay any sudden or unexpected call for deposits, and one hundred and sixty-five millions certificates of stock or bonds. Bonds to the amount of fifty million dollars, payable in ten years at six per cent. interest, were authorized and made exchangeable for any of the above Treasury ...
— The Rise and Fall of the Confederate Government • Jefferson Davis
... After this he had moved to New York; and from that time on he had followed the calling of a travelling salesman with varying success, until at sixty he found himself out of health and employment, with property of less than two thousand dollars as a reserve fund. ...
— Abe and Mawruss - Being Further Adventures of Potash and Perlmutter • Montague Glass
... the servant of the artist. But, as in the same story of Pickwick, the servant became greater than the master. This incalculable and accidental quality, like all national qualities, has its strength and weakness; but it does represent a certain reserve fund of interests in the Englishman's life; and distinguishes him from the other extreme type, of the millionaire who works till he drops, or who drops because he stops working. It is the great achievement of American civilisation ...
— What I Saw in America • G. K. Chesterton
... laws which exceed the human conception of justice, it has been somewhat modified. By an arrangement which was effected in 1888, the Caisse de la Dette are empowered, instead of devoting their surplus pound to the sinking fund, to pay it into a general reserve fund, from which the Commissioners may make grants to meet 'extraordinary expenses'; those expenses, that is to say, which may be considered 'once for all'(capital) expenditure and not ...
— The River War • Winston S. Churchill
... men informed him that they had tried to hold up the stock of the "Wedge of Gold," but their efforts had proved of no use. The shares had run down to almost nothing. They had even used the reserve fund intended for the building of the mill, and it looked, they said, as though they could never realize ...
— The Wedge of Gold • C. C. Goodwin
... more certain than that all this time the King was constantly dreaming of turning the Austrians out of Italy. His government kept its attention fixed on two points: the improvement of the army, and the accumulation of a reserve fund to be available in case of war. Drill and thrift, which made the German Empire out of Prussia, if they did not lead straight to equally splendid results south of the Alps, were still what rendered it possible ...
— The Liberation of Italy • Countess Evelyn Martinengo-Cesaresco
... before he proposed to Vera he must break off all correspondence with Lalage. He told himself so, several times, and tried to think out the letter he would write. He would send her a cheque for a fair amount, so that she would have a reserve fund, and then—he would never hear of her again, never know if she were alive or dead, if she had enough food, or even if she were married. Suddenly, that same queer, choking sensation came back, and he got up quickly as if wanting air. He seemed to hear Lalage's ...
— People of Position • Stanley Portal Hyatt
... are to see the holder of the mortgage, and do no end of business. I think she is rather interested in the scheme, and I do believe she is delighted to do me a favor. Now you can keep your money for a kind of reserve fund. The mere savings of labor will not answer ...
— Hope Mills - or Between Friend and Sweetheart • Amanda M. Douglas
... waiters from the innumerable eating houses—he could not help thinking that perhaps more than one of them had taken money that did not belong to them to back Ben Jonson. The unexpected disaster had upset all their plans, and even the wary ones who had a little reserve fund could not help backing outsiders, hoping by the longer odds to retrieve yesterday's losses. At two the bar was empty, and William waited for Esther and Sarah to return from Mile End. It seemed to him that they were a long time away. But Mile ...
— Esther Waters • George Moore
... a strong reserve fund to secure the policy holders, the mutual life insurance companies usually charge a little more in the ...
— Business Hints for Men and Women • Alfred Rochefort Calhoun
... from the constant industries. And whether it is a canal to be dug or a cellar, whether five thousand men are required or five, it is well, in society as at present organized, that they be taken from the surplus labor army. The surplus labor army is the reserve fund of social energy, and this is one of the reasons for ...
— War of the Classes • Jack London
... Association, were to be divided into a hundred parts. Of these, seventy parts were to be distributed at the end of each year to the members, proportionally to the sales and deliveries made to each of them. Twenty parts were to be set aside for a reserve fund; and the remaining ten parts were to be used by the governing committee chiefly in paying the salaries of the manager and ...
— France and the Republic - A Record of Things Seen and Learned in the French Provinces - During the 'Centennial' Year 1889 • William Henry Hurlbert
... business, it is necessary, in most industries, to reserve a considerable sum from the profits of fat years to tide over possible periods of lean years. It might be possible to enforce by law the accumulation of such a reserve fund, and then the distribution of a fixed percentage of the net profits of the business to labor-instead of permitting all the profits to go into the pockets of owners or stockholders. But such a plan will probably be superseded ...
— Problems of Conduct • Durant Drake
... he got ready to start, that we had taken gold dust enough to pay for our next cargo, even without drawing on our reserve fund, which was held subject to our order ...
— The Gold Hunter's Adventures - Or, Life in Australia • William H. Thomes
... goat-flesh, telling lies by the dozens. Johur then came into camp, unconscious that Baraka by my orders had, during his absence, been inspecting his kit, where he found concealed seventy-three yards of cloth, which could only have been my property, as Johur had brought no akaba or reserve fund from ...
— The Discovery of the Source of the Nile • John Hanning Speke
... large reserve fund of humor, caught up his friend's black wig from the table and put it on above his own thick, white hair, showing plainly enough that in face and spirits he was as young as ever. It was seven years since they had met, and they fell to talk of reminiscences, and in the ...
— We Two • Edna Lyall
... to Rosa, and said, "See what our best friend has brought us. You shall have four hundred, and I hope, after the bitter lessons you have had, you will be able to do with that for some months. The two hundred I shall keep as a reserve fund ...
— A Simpleton • Charles Reade
... experience, but in having our plants distributed all over the country the unit of risk and possible loss was minimized. No one fire could ruin us, and we were able thus to establish a system of insuring ourselves. Our reserve fund which provided for this insurance could not be wiped out all at once, as might be the case with a concern having its plants together or near each other. Then we studied and perfected our organization to prevent ...
— Random Reminiscences of Men and Events • John D. Rockefeller
... by the constitution to monopolize the issue of notes or guarantee the circulation of any bank. For the past ten years, however, it has controlled the circulation of the banks, the amount of their reserve fund, and the publication of their reports.[H] The latter may be called for at the discretion of the executive ...
— Direct Legislation by the Citizenship through the Initiative and Referendum • James W. Sullivan
... Bijonah will hand to you when he catches the Lass. There are supposed to be one hundred and fifty dollars in this packet (I never was much of a counter, as you know). Now, dear friend, this isn't all for you unless you need it. It is simply a small reserve fund for the men of the fleet if they should need anything—a new gaff, for instance, or ...
— The Harbor of Doubt • Frank Williams
... as Luther learnt it from the monks, was a thing of desert and reward. So many good works done, so much to the right page in the great book; where the stock proved insufficient, there was the reserve fund of the merits of the saints, which the Church dispensed for money ...
— Short Studies on Great Subjects • James Anthony Froude
... man should figure what percentage of his cash receipts is profit, and this percentage should be deducted every month, less a little leeway to make the matter easier. Make the percentage a fixed charge and put this money away in a special account as a reserve fund if you do not wish to draw the dividends out of your business. If you have this reserve fund drawn out in monthly installments, you are ready for attack if your creditors ...
— Dollars and Sense • Col. Wm. C. Hunter |
