"Reserve fund" Quotes from Famous Books
 ... notes, certificates of stock and bonds, as the public necessities might require, to the amount of two hundred and fifteen millions, was authorized. Of these, fifty millions in Treasury notes were issued without reserve, ten millions in Treasury notes retained as a reserve fund to pay any sudden or unexpected call for deposits, and one hundred and sixty-five millions certificates of stock or bonds. Bonds to the amount of fifty million dollars, payable in ten years at six per cent. interest, were authorized and made exchangeable for any of the above Treasury ...
— The Rise and Fall of the Confederate Government • Jefferson Davis
... After this he had moved to New York; and from that time on he had followed the calling of a travelling salesman with varying success, until at sixty he found himself out of health and employment, with property of less than two thousand dollars as a reserve fund. ...
— Abe and Mawruss - Being Further Adventures of Potash and Perlmutter • Montague Glass
... the servant of the artist. But, as in the same story of Pickwick, the servant became greater than the master. This incalculable and accidental quality, like all national qualities, has its strength and weakness; but it does represent a certain reserve fund of interests in the Englishman's life; and distinguishes him from the other extreme type, of the millionaire who works till he drops, or who drops because he stops working. It is the great achievement of American civilisation ...
— What I Saw in America • G. K. Chesterton
... laws which exceed the human conception of justice, it has been somewhat modified. By an arrangement which was effected in 1888, the Caisse de la Dette are empowered, instead of devoting their surplus pound to the sinking fund, to pay it into a general reserve fund, from which the Commissioners may make grants to meet 'extraordinary expenses'; those expenses, that is to say, which may be considered 'once for all'(capital) expenditure and not ...
— The River War • Winston S. Churchill
... men informed him that they had tried to hold up the stock of the "Wedge of Gold," but their efforts had proved of no use. The shares had run down to almost nothing. They had even used the reserve fund intended for the building of the mill, and it looked, they said, as though they could never realize ...
— The Wedge of Gold • C. C. Goodwin
|
