"Sinking fund" Quotes from Famous Books
 ... conjuration of what is called borrowing of the community, in order to keep up the nominal Sinking Fund, he means to apply the five millions annual surplus at simple interest, and not at compound, he ought in the first place to say so distinctly, for whether right or wrong (about which much might be said), it is, at least, a more complete departure ...
— Memoirs of the Court of George IV. 1820-1830 (Vol 1) - From the Original Family Documents • Duke of Buckingham and Chandos
... already expended in this manner. This is no time to be bungling at trivial remedies; let a loan of a million and a half be raised on this L74,000 a year, which, at four per cent., would leave a portion of it for a sinking fund; let absentees be taxed fifty per cent., and every resident ten per cent. By these means abundant funds would be found to keep the people alive. Let there be got up in each county machinery for carrying out the relief: let the projected railways ...
— The History of the Great Irish Famine of 1847 (3rd ed.) (1902) - With Notices Of Earlier Irish Famines • John O'Rourke
... 'in spite of shame, in erring reason's spite,' it is by a Member of the University: if a paltry project is ushered into the world for combining ancient prejudices with modern time-serving, it is by a Member of the University. Thus we get at a stated supply of the annual Defences of the Sinking Fund, Thoughts on the Evils of Education, Treatises on Predestination, and Eulogies on Mr. Malthus, all from the same source, and through the same vent. If they came from any other quarter nobody would look at them; but they have an Imprimatur from ...
— Table-Talk - Essays on Men and Manners • William Hazlitt
... class of gentlemen at that time extremely numerous and obtrusive—the loan would build railroads, the railroads would build cities, cities would create farms, foreign capital would rush in to so inviting a field, the lands would be taken up with marvellous celerity, and the land tax going into a sinking fund, that, with some tolls and certain sly speculations to be made by the State, would pay principal and interest of debt without even a cent of taxation upon the people. In short, everybody was to be enriched, while the munificence of the State in selling its credit and spending ...
— Lectures and Essays • Goldwin Smith
... because they could get nothing else, the State repealed the law (ch. 22), and provided no substitute. 5. The State, by law, deprived the bondholders of the stock of the Planters' Bank ($2,000,000), and of the sinking fund pledged to the purchasers for the redemption of these bonds when they were sold by the State. Surely there is here ample evidence of repudiation ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various
... Pitt's life, supposing him to live to the usual age of man. The calculation is ingenious, but has not proved to be as accurate as some of Newton's. On the other hand, his remarks on paper money are excellent, and his sneer at the Sinking Fund, then considered a great invention in finance, well placed:—"As to Mr. Pitt's project for paying off the national debt by applying a million a year for that purpose while he continues adding more than twenty millions ...
— Atlantic Monthly, Vol. IV, No. 26, December, 1859 • Various
... constitutionally confirmed and carried into effect, a sum of nearly $13 millions will then be added to our public debt, most of which is payable after fifteen years, before which term the present existing debts will all be discharged by the established operation of the sinking fund. When we contemplate the ordinary annual augmentation of impost from increasing population and wealth, the augmentation of the same revenue by its extension to the new acquisition, and the economies which may still be introduced into our public expenditures, ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... is become of this Sinking Fund—these eight millions of surplus above expenditure, which were to reduce the interest of the national debt by the amount of four hundred thousand pounds annually? Where, indeed, is the ...
— The Complete Poems of Sir Thomas Moore • Thomas Moore et al |
