Verwandte Artikel zu The works of Jonathan Swift Volume 10
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Inhaltsangabe
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...the administration seem easy, since the war went on without any new taxes raised, except the very last year they were in power; not considering what a mighty fund was exhausted, and must be perpetuated, although extremely injurious to trade, and to the true interest of the nation. This great fund of the general mortgage was not only loaded, year after year, by mighty sums borrowed upon it, but with the interests due upon those sums; for which the treasury was forced to strike tallies, payable out of that fund, after all the money already borrowed upon it, there being no other provision of interest for three or four years: till at last the fund was so overloaded, that it could neither pay principal nor interest, and tallies were struck for both, which occasioned their great discount. But to avoid mistakes upon a subject, where I am not very well versed either in the style or matter, I will transcribe an account sent me by a person ' who is thoroughly instructed in these affairs. " In the year one thousand seven hundred and seven, the sum of eight hundred twenty-two thousand three hundred and eighty one pounds, fifteen shillings and sixpence, was raised, by continuing part of the general mortgage from one thousand seven hundred and ten to one thousand seven hundred and twelve; but with no provision of interest till August the first, one thousand seven hundred and ten, otherwise than by striking tallies for it on that fund, payable after all the other money borrowed. " In one thousand seven hundred and eight, the same funds were continued from one thousand seven hundred and twelve to one thousand seven hundred and fourteen, to raise seven hundred twenty-nine thousand sixty-seven pounds fifteen shillings and sixpence; but no provision for interest...
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Reseña del editor
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...the administration seem easy, since the war went on without any new taxes raised, except the very last year they were in power; not considering what a mighty fund was exhausted, and must be perpetuated, although extremely injurious to trade, and to the true interest of the nation. This great fund of the general mortgage was not only loaded, year after year, by mighty sums borrowed upon it, but with the interests due upon those sums; for which the treasury was forced to strike tallies, payable out of that fund, after all the money already borrowed upon it, there being no other provision of interest for three or four years: till at last the fund was so overloaded, that it could neither pay principal nor interest, and tallies were struck for both, which occasioned their great discount. But to avoid mistakes upon a subject, where I am not very well versed either in the style or matter, I will transcribe an account sent me by a person ' who is thoroughly instructed in these affairs. " In the year one thousand seven hundred and seven, the sum of eight hundred twenty-two thousand three hundred and eighty one pounds, fifteen shillings and sixpence, was raised, by continuing part of the general mortgage from one thousand seven hundred and ten to one thousand seven hundred and twelve; but with no provision of interest till August the first, one thousand seven hundred and ten, otherwise than by striking tallies for it on that fund, payable after all the other money borrowed. " In one thousand seven hundred and eight, the same funds were continued from one thousand seven hundred and twelve to one thousand seven hundred and fourteen, to raise seven hundred twenty-nine thousand sixty-seven pounds fifteen shillings and sixpence; but no provision for interest...
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