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Author: William Powis Publisher: ISBN: 9781331874898 Category : Business & Economics Languages : en Pages : 54
Book Description
Excerpt from Sinking Fund Tables and Instalment Tables On no account should permanent debentures be issued by any municipality, unless and until, permanent or everlasting works have been acquired to an equivalent value. Debentures issued for payment of land purchased for a public park, may be made permanent, not only with prudence and propriety, but with the greatest possible attending benefit to the community. I assume, that, as a matter of common sense, legal restrictions will be enacted governing the issue of permanent debentures This being done, of course property so purchased, will be required to be permanently and untransferably vested in the municipality; unless and until power of sale given to the holders of the debentures is exercised, owing to non-payment of interest. Thus the painful and shameful calamity can never happen to the inhabitants of seeing their city oases encroached upon until they grow into nothingness. The amount expended in transforming the natural land into a beautiful park, may justly and quite properly be added to the amount of debentures made permanent, to the extent of the value of the improvements that are permanent. More latitude can be allowed in the case of land, than in any other investment, because, in cities, the old saying, "res crescunt," is usually applicable to the value of land. The purchase of land of any kind by a municipality may and should be the occasion of the issue of permanent debentures. Justice to the rate-payers demands it. Nothing but land, unless there could be a municipal monopoly of air or water, should be purchased with the proceeds of permanent debentures. Buildings constructed of blocks of granitoid stone, adhered to each other by thin layers of cement instead of mortar, on an indubitably solid foundation, which might last for many centuries, might at first sight seem to warrant the issue of permanent debentures for their construction. It is far better, however, to make the debentures payable at some very long date, as nothing can be absolutely everlasting but the land. The date of payment may, however, be so far remote as to reduce the annual sinking fund to a comparative trifle. To produce $700,000 at the end of 100 years, only requires a Sinking Fund of $565.60 per annum invested at 4 per cent., payable yearly; or $268.20 per annum invested, at 5 per cent., payable yearly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William Powis Publisher: ISBN: 9781331874898 Category : Business & Economics Languages : en Pages : 54
Book Description
Excerpt from Sinking Fund Tables and Instalment Tables On no account should permanent debentures be issued by any municipality, unless and until, permanent or everlasting works have been acquired to an equivalent value. Debentures issued for payment of land purchased for a public park, may be made permanent, not only with prudence and propriety, but with the greatest possible attending benefit to the community. I assume, that, as a matter of common sense, legal restrictions will be enacted governing the issue of permanent debentures This being done, of course property so purchased, will be required to be permanently and untransferably vested in the municipality; unless and until power of sale given to the holders of the debentures is exercised, owing to non-payment of interest. Thus the painful and shameful calamity can never happen to the inhabitants of seeing their city oases encroached upon until they grow into nothingness. The amount expended in transforming the natural land into a beautiful park, may justly and quite properly be added to the amount of debentures made permanent, to the extent of the value of the improvements that are permanent. More latitude can be allowed in the case of land, than in any other investment, because, in cities, the old saying, "res crescunt," is usually applicable to the value of land. The purchase of land of any kind by a municipality may and should be the occasion of the issue of permanent debentures. Justice to the rate-payers demands it. Nothing but land, unless there could be a municipal monopoly of air or water, should be purchased with the proceeds of permanent debentures. Buildings constructed of blocks of granitoid stone, adhered to each other by thin layers of cement instead of mortar, on an indubitably solid foundation, which might last for many centuries, might at first sight seem to warrant the issue of permanent debentures for their construction. It is far better, however, to make the debentures payable at some very long date, as nothing can be absolutely everlasting but the land. The date of payment may, however, be so far remote as to reduce the annual sinking fund to a comparative trifle. To produce $700,000 at the end of 100 years, only requires a Sinking Fund of $565.60 per annum invested at 4 per cent., payable yearly; or $268.20 per annum invested, at 5 per cent., payable yearly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William Powis Publisher: Wentworth Press ISBN: 9781371941611 Category : Business & Economics Languages : en Pages : 54
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Edward A. Ross Publisher: Forgotten Books ISBN: 9780265403372 Category : Business & Economics Languages : en Pages : 122
Book Description
Excerpt from Sinking Funds The permanent funded English debt began in 1694, when twelve million pounds were borrowed from the Bank of England in consideration of its charter. During the Dutch wars the debt rapidly grew until, in 1716, it amounted to forty millions. The various loans making up the debt were based on the pledging or mortgaging of specific taxes, or reve nues. Loans thus guaranteed were said to be funded. The interest of each loan was provided for by a particular tax pledged for a term of years, while the principal was to be discharged, either by the regular excess payment of an annuity, or by the varying surplus yielded by the tax. By this fund ing policy the public debt came to consist of many small loans, each bottomed on its own petty item of revenue. This complicated and rigid system, wherein the growth of one source of income could not be used to eke out the shrinkage Of another, proved unfit for a growing public finance. In 1716, the many little items of revenue, mortgaged to some particular debt, were grouped together into four large funds, the Aggregate, South Sea, General, and Sinking funds. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: George Morgan Browne Publisher: Forgotten Books ISBN: 9781396124860 Category : Business & Economics Languages : en Pages : 26
Book Description
Excerpt from The Sinking-Fund But the idea of a sinking-fund still retains its hold in the American mind. The great State of New York. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: John S. Thompson Publisher: Forgotten Books ISBN: 9780366499274 Category : Business & Economics Languages : en Pages : 58
Book Description
Excerpt from Bankers Trust Company's Tables of Liberty Bond and Note Values Bond and Note Values have been prepared to supply an obvious need in connection with dealings in United States Liberty bonds and notes. Existing bond tables are very inconvenient to use in connection with such transactions. Most of them are arranged with a view to determining at what price a security must sell in order to yield a certain rate of income, instead of showing the yield at a given price. Moreover, Liberty bonds are quoted in tenths of a dollar while none of the existing tables are ar ranged so as to easily determine the income at such a price progression. In View of these facts we found it desirable for our own use to compile tables which would make it possible at a glance to determine the yield at a given price and with the prices proceeding by steps of one tenth. Bankers Trust Company's Tables, as now arranged, give the income from Liberty bonds at an income range of 3% to 4% and for Liberty 4% and bonds at an income range of to s%% For use in connection with the Victory Liberty notes and the Certificates of Indebtedness five year tables have been prepared for 3 M and at an income range of from 3% to The income yields for these latter tables have been calculated fortime intervals of two months up to one year and thereafter by half years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William Lucas Sargant Publisher: Forgotten Books ISBN: 9780656150816 Category : Business & Economics Languages : en Pages : 260
Book Description
Excerpt from Apology for Sinking-Funds N the last generation, the National Debt was a bugbear which oppressed the Spirits of English men. Taxation was burdensome to a degree hardly conceivable by the young men of to-day and of the scores of millions annually raised, more than half went to pay interest due to the public creditors. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Walter Boyd Publisher: Forgotten Books ISBN: 9780656746354 Category : Business & Economics Languages : en Pages : 80
Book Description
Excerpt from Reflections on the Financial System of Great Britain, and Particularly on the Sinking Fund: Written in France in the Summer of 1812 It appeared a very curious coincidence, that the same subject should thus have occupied, at the same time, the attention of two persons, re siding in different countries, totally unconnected with each other, and placed almost at the two extremities of the scale of rank, fortune, and situation. This coincidence seemed to give to the doctrine inculcated by each, with such ine quality of talent and information, but with so much similarity of purpose, a sanction to which truth only appears to be entitled. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Edward Alsworth Ross Publisher: Barclay Press ISBN: 1408672081 Category : Business & Economics Languages : en Pages : 108
Book Description
Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.
Author: Henry V. (Henry Varnum) Poor Publisher: New York : H.V. & H.W. Poor. [1869-1894] ISBN: Category : Languages : en Pages : 1170
Book Description
Excerpt from Manual of the Railroads of the United States, 1877-78 Devoted to the discussion of the Financial Topics of the day, to original and selected articles upon the principles and practice of Banking and the Laws relating thereto, and to Statistics in refer ence to Banks, Finance and Political Economy in general. In addition to its valuable statistical and economic information, the Banker's Magazine furnishes reports of all Legal Decisions important to banks and their dealers. Each number contains also a careful record of all recent changes among banks and bankers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: William Powis
Author: William Powis
Author: William Powis
Author: Edward A. Ross
Author: George Morgan Browne
Author: John S. Thompson
Author: William Lucas Sargant
Author: Walter Boyd
Author: Edward Alsworth Ross
Author: Henry V. (Henry Varnum) Poor
Author: