"Sinking fund" Quotes from Famous Books
 ... this have been since added many other intire duties, granted in subsequent years; and the annual interest of the sums borrowed on their respective credits is charged on and payable out of the produce of the sinking fund. However the neat surplusses and savings, after all deductions paid, amount annually to a very considerable sum; particularly in the year ending at Christmas 1764, to about two millions and a quarter. For, as the interest on the national debt has ...
— Commentaries on the Laws of England - Book the First • William Blackstone
... sweet little dark-eyed French-descended angel in Detroit, whom I will then marry at once," smilingly answered Jack Witherspoon, "that is, as soon as Papa Worthington has given me the sinking fund. Any college man is a fool now who marries in these days unless he has the assured income on the principal of a quarter of ...
— The Midnight Passenger • Richard Henry Savage
... to Dr. Crummell's support and the outcome was the determination to build a church. A sinking fund association, composed of young people from different sections of the city, and in which other denominations were represented, was a most active factor. The enthusiasm was intense. The corner stone was laid in 1876 at Fifteenth and Sampson Streets, ...
— The Journal of Negro History, Volume 7, 1922 • Various
... rights as well as the future. Sacrifices should be reasonably averaged. An annual sinking fund of 5 per cent. would extinguish the war debt in ...
— War Taxation - Some Comments and Letters • Otto H. Kahn
... the vulgar acceptation of a pie-crust, whenever they cover any advantage, it is but breaking them, and down with friendship and honour in a bite. He looks upon interest to be the true law of nature, and principal a Sinking Fund, in which no Dutchman should be concerned. He looks upon money to be the greatest good upon earth, and a pickled herring {83}the greatest dainty. If you would ask him what wisdom is, he'll answer you, Stock. If you ask him what benevolence is, he'll reply, ...
— A Lecture On Heads • Geo. Alex. Stevens
... Mr Pitt, of the Duke of Wellington, of Mr Canning, swarm with blunders surpassing even the ordinary blunders committed by Frenchmen who write about England. Mr Fox and Mr Pitt, he tells us, were ministers in two different reigns. Mr Pitt's sinking fund was instituted in order to enable England to pay subsidies to the powers allied against the French republic. The Duke of Wellington's house in Hyde Park was built by the nation, which twice voted the sum of 200,000 pounds for the purpose. This, however, is exclusive ...
— The Miscellaneous Writings and Speeches of Lord Macaulay, Vol. 2 (of 4) - Contributions To The Edinburgh Review • Thomas Babington Macaulay
... control. United States forces were to keep order and to protect the custom houses; United States officials were to collect the customs dues; forty-five per cent of the revenue was to be turned over to the Dominican Government, and fifty-five per cent put into a sinking fund in New York for the benefit of the creditors. The plan succeeded famously. The Dominicans got more out of their forty-five per cent than they had been wont to get when presumably the entire revenue was theirs. The creditors thoroughly approved, and their Governments had no possible pretext ...
— Theodore Roosevelt and His Times - A Chronicle of the Progressive Movement; Volume 47 in The - Chronicles Of America Series • Harold Howland
... half dozen colored children. When my husband bought the land we were more than a mile from the business part of the city, but we were poor and the land was very cheap and my husband said that paying rent was like putting money in a sinking fund; so he resolved, even if it put us to a little disadvantage, that he would buy the tract of land where we now live. Before he did so, he called together a number of his acquaintances, pointed out to them the tract of land and told them how ...
— Trial and Triumph • Frances Ellen Watkins Harper
... 1775. To counteract the charge that the colonies refused to contribute to the cost of their own protection, he proposed that, if Great Britain would abolish her monopoly of the colonial trade, allowing free commerce between the colonies and all the rest of the world, they would pay into the English sinking fund L100,000 annually for one hundred years; which would be more than sufficient, if "faithfully and inviolably applied for that purpose, ... to extinguish all her ...
— Benjamin Franklin • John Torrey Morse, Jr.
... view, it is recommended that as soon as the war shall be over all the surplus in the Treasury not needed for other indispensable objects shall constitute a sinking fund and be applied to the purchase of the funded debt, and that authority be conferred by ...
— 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
... Majesty's Government will bear interest at the rate of three and a half per cent., and any portion of such debt as may remain unpaid at the expiration of twelve months from the 8th August 1881 shall be repayable by a payment for interest and sinking fund of six pounds and ninepence per cent. per annum, which will extinguish the debt in twenty-five years. The said payment of six pounds and ninepence per L100 shall be payable half yearly in British currency on the 8th February and 8th August in each year. Provided always that ...
— South Africa and the Transvaal War, Vol. 1 (of 6) - From the Foundation of Cape Colony to the Boer Ultimatum - of 9th Oct. 1899 • Louis Creswicke
... Annuities (3) may be regarded as a "Sinking Fund," or means by which a con- siderable portion of the National Debt is paid off every year ...
— Everybody's Guide to Money Matters • William Cotton, F.S.A.
... When he first located on the homestead which had since become so valuable an asset, he had determined to live with one purpose in view, and that was to expand financially with the toil of his hands and the sweat of his brow, and then, when he had acquired sufficient sinking fund, to emerge suddenly into the limelight of society and shine like a newly polished gem. So he wandered up and down the trail which his own feet and the feet of his cayuse had worn through the woods, up the ...
— Skookum Chuck Fables - Bits of History, Through the Microscope • Skookum Chuck (pseud for R.D. Cumming)
... mortgage his future to the extent of the promenade and dances which would decorate his scholastic and collegiate journey, as well as attendance at all athletic contests of any nature whatsoever. On his birthday (when the sinking fund toward the first dress suit rose to the colossal sum of fifty dollars) they solemnly exchanged pins, Dolly openly sporting the red and black of Lawrenceville, while Skippy concealed in the secret recesses of his ...
— Skippy Bedelle - His Sentimental Progress From the Urchin to the Complete - Man of the World • Owen Johnson |
