Compendium of FinancePhillips, 1822 |
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Common terms and phrases
1st of April 1st of January additional centimes administration annual annuities annum appropriated arrears of debt assignats authorised Bank of England bonds Budget of receipts capital charge circulation Civil List commissioners Committee consolidated consolidated fund consols contracted creditors deferred stock deficiency departments deposited direct contributions discharge dividends domains ducats duties established estimated Exchequer bills expenditure expenses extraordinary five per cent fixed florins foreign francs guilders increase inscribed inscriptions issued loan Lottery Majesty March ment millions Minister of Finance months national debt necessary negociated operations paid paper money payable payment period pounds sterling present principal proceeds produce proposed public credit public debt purchase received redeemed redemption reduced reimbursement remaining rentes revenue rix dollars roubles Russia Section securities sinking fund six per cent specie statement sterling taxes three per cent total amount transferred treasury United unredeemed
Popular passages
Page 206 - c. 31) are, the Speaker of the House of Commons, the Chancellor of the Exchequer, the Master of the Rolls, the Accomptant General of the Court of Chancery, and the Governor and Deputy Governor of the Bank of England for the time being,
Page 226 - holds a more important place than the public revenue from the direct operation of the power by which it is raised on the people, and by its influence in giving effect to every other power of the government. The revenue depends on the resources of the country, and the facility by which the amount
Page 152 - of the debt itself. On this subject he says, " Persuaded as the secretary is, that the proper funding of the present debt will render- it a national blessing, yet he is so far from acceding to the proposition in the latitude
Page 152 - maxim in the system of public credit of the United States, that the creation of a debt should always be accompanied with the means of extinguishment. This he regards as the true secret for rendering public credit immortal; and he presumes that it is difficult to conceive a situation in which there may not be an adherence to the
Page 226 - is raised, is a strong proof of the extent of the resources and of the efficiency of the government. A few prominent facts will place this great interest in a just light before you. On the 30th of September, 1815, the funded and floating debt of the United Slates was estimated at
Page 239 - manufactures are raised by duties on foreign, the deficiency in the fund necessary for public purposes should be supplied by duties on the former. At the last session, it seemed doubtful whether the revenue derived from the present sources would be adequate to all the great purposes of our
Page 239 - At the close of the last session it was anticipated, that the progressive diminution of the public revenue in 1819 and 1820, which had been the result of the languid state of our foreign commerce in those years, had, in the latter year, reached its extreme point of depression. It has, however,
Page 227 - to its greatest height, and that the instalments are becoming due at a period of great depression. It is presumed that some plan may be devised by the wisdom of Congress compatible with the public interest, which would afford great relief to these purchasers,
Page 230 - 6. That to provide for the exigencies of the public service, to make such progressive reduction of the national debt as may adequately support public credit, and to afford the country a prospect of future relief from a part of its present
Page 241 - were equally incapable of purchasing public lands, or of discharging debts contracted with the Government by purchases antecedently made. In the annual Report of the Treasury at the commencement of the last Session of Congress, the receipts from the public lands for the year 1821 •were estimated at 1,600,000,