Several sovereigns, among others Elizabeth of England, had recognized agents in that city, equivalent to consuls of the present times; and loans of immense amount were frequently negotiated by them with wealthy merchants, who furnished them, not in negotiable bills or for unredeemable debentures, but in solid gold, and on a simple acknowledgment.

We are actually reduced to the disagreeable necessity of paying all public officers, from the Governor-General downwards, in debentures, which are not exchangeable at par.

debentures in his pocket, which nobody would take.

Within three years from the date of this address, we had 2,000 miles of railway in Canada in course of construction, and our Government debentures (6 per cent.) were selling in London at 119, higher than those of the United States Government; in fact, we had more credit than we could always employ properly.

The pay of the officers and men was always in arrear; the debentures which they received could be seldom exchanged for money without a loss of fifty, sixty, or seventy per cent.; and the plea of necessity was accepted as an excuse for the illegal claim of free quarters which they frequently exercised.

The owners of these debentures are in fact joint capitalists with the nominal owner of the business.

From that time until the 30th of September last the duties secured have exceeded those of the corresponding quarters of the last year $1,172,000, whilst the amount of debentures issued during the three first quarters of this year is $952,000 less than that of the same quarters of the last year.

Debentures for this amount, to wit, 300,000 taels for Canton, 100,000 for Shanghai, and 100,000 for Fuchau, were delivered, according to the terms of the convention, by the respective Chinese collectors of the customs of these ports to the agent selected by our minister to receive the same.

He knows the countries from which they come,the adaptation of soils and climates to their raising,the skill of the cultivators,the shipping usages,the effect of transportation by land and sea on raw materials, and on manufactured articles,with all the mysteries of insurance allowances and usages, the debentures on exportation, and the duties on importation, in his own and in other lands.

At the bottom of our boxes are a few Northern debentures, of which I think a good deal, and take much care, and they have been honestly got, Monsieur Claudius.

Two years ago Mr. Morris Assheton's fortune was invested in certain railway debentures and Government stock.

Mills might, if he chose, proclaim on any convenient housetop, that his partner had gambled with Morris's £40,000 that according to the ledgers was invested in certain railway debentures and other gilt-edged securities.

In a few days, any scrutiny might be made of the securities lodged at the County Bank, and assuredly among them would be found those debentures, those gilt-edged securities exactly as they appeared in the ledgers.

"Yes." "In the year 1896 he had £8,000 or thereabouts in London and North-Western Debentures, £6,000 in Consols, £7,000 in Government bonds of South Australia?"

" "A fortnight ago you bought £8,000 of London and North-Western Debentures, £6,000 in Consols, £7,000 in Government bonds of South Australia?" Mr. Taynton opened his lips to speak, but no sound came from them.

He spends an hour in studying with an open mind the price-list of stocks, and finally infers that the purchase of Brewery Debentures will enable him most completely to realise his desire.

Given the original desire for good security, his act in purchasing the Debentures appears to be the inevitable result of his inference.

The man who studies the Stock Exchange list does not buy his Debentures, unless, apart from his intellectual inference on the subject, he has an impulse to write to his stockbroker sufficiently strong to overcome another impulse to put the whole thing off till the next day.

Debentures. Write for full Information and reference to the Company at 150 NASSAU STREET, NEW YORK.

Many of the private soldiers who had received bonds or debentures for their share of the land, had parted with them long since, either to their own officers or to the trafficers in such bonds, who had sprang up by hundreds, and who obtained them from the needy soldiers often for a mere trifle.

Debentures. Write for full information and reference to the Company at 150 NASSAU STREET, NEW YORK.

Debentures. Write for full information and reference to the Company at 150 NASSAU STREET, NEW YORK.

For not only the purchasers of debentures forfeited in 1641, were all of English birth, but those after the Restoration, and many who came hither even since the Revolution, are looked upon as perfect Irish; directly contrary to the practice of all wise nations, and particularly of the Greeks and Romans, in establishing their colonies, by which name Ireland is very absurdly called.

"Yes." "And so I would have asked him several questions if I had known how to express myself; but bonds and debentures, and, above all, preference stock, were aye great stumbling-blocks to my understanding.

Within a month the circulating debentures were withdrawn, the pre-emptive right of the Crown over native lands resumed, the sale of fire-arms to natives prohibited, and negotiations with Heké and his fellow insurgent chief, Kawiti, sternly broken off.