 It may be assumed that the holders of our securities have already received upon their bonds a larger amount than their original investment, measured by a gold standard. Upon this statement of facts it would seem but just and equitable that the...  The North American Review - Page 2711896Full view - About this book
 | Alexander Dana Noyes - 1898 - 306 pages
...extraordinary suggestion that " the six per cent. interest now paid by the Government " on its debt " should be applied to the reduction of the principal in semi-annual instalments"; in other words, that the plan of repudiating interest obligations — since adopted, with no agreeable... | |
 | William Henry Smith - 1903 - 476 pages
...their original investment, measured by a gold standard. Upon this statement of facts it would seem but just and equitable that the six per cent. interest...applied to the reduction of the principal in semi-annual installments which in sixteen years and eight months would liquidate the entire national debt. It is... | |
 | Alonzo Barton Hepburn - 1903 - 696 pages
...their original investment, measured by a gold standard. Upon this statement of facts, it would seem but just and equitable that the six per cent, interest...applied to the reduction of the principal in semi-annual installments, which in sixteen years and eight months would liquidate the entire national debt. Six... | |
 | David Miller DeWitt - 1903 - 668 pages
...their. original investment, measured by a gold standard. Upon this statement of facts it would seem but just and equitable that the six per cent. interest...applied to the reduction of the principal in semiannual installments, which in sixteen years and eight months would liquidate the entire national debt. Six... | |
 | Alonzo Barton Hepburn - 1903 - 692 pages
...by the Government should be applied to the reduction of the principal in semi-annual installments, which in sixteen years and eight months would liquidate the entire national debt. Six per cent. in gold would at present rates be equal to nine per cent. in currency, and equivalent... | |
 | William Henry Smith - 1903 - 500 pages
...paid by the government should be applied to the reduction of the principal in semi-annual installments which in sixteen years and eight months would liquidate the entire national debt. It is not to be supposed that Mr. Johnson did not know that such a suggestion, emanating from the executive,... | |
 | George Washington Platt - 1904 - 392 pages
...gold standard. Upon this statement of facts it would seem but just and equitable that the six percent interest now paid by the Government should be applied to the reduction of the principal in semi-annual installments, which in sixteen years and eight months would liquidate the entire national debt." The... | |
 | Edward Stanwood - 1905 - 402 pages
...paid by the Government should be applied to the reduction of the principal in semiannual installments, which in sixteen years and eight months would liquidate the entire national debt." Judge Kelley's proposition for the issue of interconvertible bonds, — bonds " payable" in greenbacks... | |
 | Theodore Elijah Burton - 1906 - 476 pages
...then added a recommendation that as the securities drew 6 % in gold, equal to 9 % in currency, the 6 % paid by the government should be applied to the reduction of the principal in semi-annual installments, which, he said, in sixteen years and eight months would liquidate the entire interest-bearing... | |
 | United States. Congress. Senate - 1909 - 598 pages
...their original investment, measured by a gold standard. Upon this statement of facts it would seem but just and equitable that the six per cent interest...the principal in semiannual instalments, which in siiteen years and eight months would liquidate the entire national debt. Six |«?r cvtit in gold would... | |
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