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More "Sinking fund" Quotes from Famous Books
 ... (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 and ...
— Everybody's Guide to Money Matters • William Cotton, F.S.A.
... instantaneously rallied 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 ...
— The Journal of Negro History, Volume 7, 1922 • Various
... exercised not against the Irishman in favour of the English settler, but against the (usually) English landlord in favour of the Irish tenant. The State is now pledged to about 130,000,000 pounds for the furtherance of this scheme, the instalments and sinking fund to the amount of about 5,000,000 pounds a year being paid with exemplary regularity by the farmers who have taken ...
— Ireland and Poland - A Comparison • Thomas William Rolleston
... our territory, marked the resumption of the forward march of the United States. Twenty-five years later, at the presidential campaign of 1892, the debt had been reduced to $900,000,000, deducting the sinking fund, and the charge for pensions had about reached its maximum and soon began to decrease, though no one objected to any amount of reward for bona fide soldiers who had helped to save the country. The country's wealth ...
— A Journey in Other Worlds • J. J. Astor
... 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 laws for ...
— 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
... reached page 210 of copy. There is little or nothing else to say. Skene was with me for a few minutes. I called at Cadell's also, who thinks a dividend of 3s. per pound will be made out.[381] This will be one-half of the whole debts, and leave a sinking fund for the rest about L10,000 a year "if the beast live and the branks ...
— The Journal of Sir Walter Scott - From the Original Manuscript at Abbotsford • Walter Scott
... shillings, which was to be granted only to such as had licenses for selling ale. On the credit of this act, as soon as it was passed by the commons, the ministry borrowed a large sum at three per cent, but it was understood that the sinking fund was pledged as a collateral security to ...
— The Works of Samuel Johnson, Vol. 11. - Parlimentary Debates II. • Samuel Johnson
... require to put back that energy into him against the next day's demands. Nor is it possible to determine how much of that expended energy he will never be able to get back at all. Economics has never yet devised a sinking fund for the replacement of the strength of a worker. It is possible to set up a kind of sinking fund in the form of old-age pensions. But pensions do not attend to the profit which each day's labour ought to ...
— My Life and Work • Henry Ford
... invested in safe securities at the usual rate of about 4%, the addition of this amount of compound interest will assist in the repayment of the capital at the due date, so that the annual contributions to a sinking fund need not themselves aggregate the total capital to be restored, but may be smaller by the deficiency which will be made up by their interest earnings. Such a system of redemption of ...
— Principles of Mining - Valuation, Organization and Administration • Herbert C. Hoover
... council-pensionary took the bold step of proposing a further reduction of interest from 5 to 4 per cent. He had some difficulty in persuading the investors in government funds to consent, but he overcame opposition by undertaking to form a sinking fund by which the entire debt should be paid off in 41 years. Having thus placed the finances of the province on a sound basis, De Witt next brought a similar proposal before the States-General with the result that the interest on the Generality debt was likewise ...
— History of Holland • George Edmundson
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