His chief innovation was the introduction of payment from the public treasury for state service.
In March 1841 he became secretary of the treasury in President W.
The excess expenditure caused the Post Office during two or three years to make temporary application of Savings Banks' balances to telegraph expenditure, an expedient which was disapproved of by both the Treasury and the House of Commons.
The Italian treasury at once honored all the papal drafts, and thus contributed a first instalment of the 3,225,000 lire per annum afterwards placed by Article 4 of the Law of Guarantees at the disposal of the Holy See.
In 1837-1839, as a Union Democrat, he was a member of the national House of Representatives, and there ably opposed Van Buren's financial policy in spite of the enthusiasm in South Carolina for the sub-treasury project.
From every dispute which he had with the central authorities at Paris he emerged victorious; and he took care to assure his ascendancy by sending presents to the Directors, large sums to the nearly bankrupt treasury and works of art to the museums of Paris.
The richness of the Aegean capitals and columns may be judged by those from the "Treasury of Atreus" now set up in the British Museum; and of the friezes we have examples in Mycenaean and Cnossian fragments, and Cnossian paintings.
Hayes, the new president, having chosen John Sherman to be his secretary of the treasury, an effort was made to send Garfield to the United States Senate in Sherman's place.
On the death of Southampton, Ashley was placed on the commission of the treasury, Clifford and William Coventry being his principal colleagues.
Under this act the appropriation of these surplus funds to certain trust purposes in the Federal treasury is held to be equivalent to payment to the states.
The revenues for educational purposes are derived mainly from a state tax of 8 on the general list, from local taxes, and from the interest on the permanent school fund, which (including the money paid to Vermont by the United States government when a portion of the treasury surplus was distributed among the states in 1837) amounted in 1908 to $1,120,218.
Another reason assigned by the committee appointed by the Treasury in 1875 " to investigate the causes of the increased cost of the telegraphic service since the acquisition of the telegraphs by the state " is the loss on the business of transmitting Press messages, which has been estimated as at least £300,000 a year.
Statistical Society (September 1872, March 1881); Report of a Committee appointed by the Treasury to investigate the causes of the increased cost of the Telegraphic Service, &c. (1875); Reports of the Postmaster-General for 1895, &c.; Journ.
The Post Office proposed to engage in active competition with the telephone companies, but the Treasury at that time opposed this policy on the ground that the state should at most be ready to supplement and not to supersede private enterprise.
The corporation of Glasgow having persisted in its efforts to obtain a licence, the Treasury appointed Sheriff Andrew Jameson (afterwards Lord Ardwall) a special commissioner to hold a local inquiry in Glasgow to report whether the telephone service in that city was adequate and efficient and whether it was expedient to grant the corporation a licence.
Hanbury, Financial Secretary to the Treasury and representative in the House of Commons of the PostmasterGeneral, advocated the granting of licences to local authorities.
Reports of Select Committee on Telephone and Telegraph Wires (1885), of Select Committee on Telegraph Bill (1892), of Joint Committee of the House of Lords and the House of Commons on Electric Powers (Protective Clauses) (1893), of Select Committee on Telephone Service (1895), of Select Committee on Telephones (1898), and of Select Committee on Post Office (Telephone) Agreement (1905); Treasury Minutes (1892 and 1899); Annual Reports of the Postmaster-General; Report to the Treasury by Sheriff Andrew Jameson on Glasgow Telephone Enquiry (1897); H.
Long date Treasury warrants, law of July 7, 1901 1,416,200
The demands for reimbursement at par represented a sum of only 187,588 and the market value of the stock was hardly affected; while the saving to the Treasury was to be 800,000 per annum for the first five years and about double the amount afterwards.
The forced paper currency, instituted in 1866, was abolished in 1881, in which year were dissolved the Union of Banks of Issue created in 1874 to furnish to the state treasury a milliard of lire in notes, guaranteed collectively by the banks.
The gold reserve in the possession of the Banca dItalia on September 30th 1907 amounted to 32,240,984, and the silver reserve to 4,767,861; the foreign treasury bonds, &c. amounted to 3,324,074, making the total reserve 40,332,919; while the circulation amounted to 54,612,234.
He therefore proposed to mak over the treasury service to the state banks, to increase th~ forced currency, to raise the stamp and registration duties and to impose a new tax on textile fabrics.
On the 12th of April 1883 the forced currency was formally abolished by the resumption of treasury paynients in gold with funds obtained through a loan of 14,500,000 issued in London on the 5th of May 1882.
The management of finance was scarcely satisfactory, for though Giolitti, who had succeeded Magliani and Perazzi at the treasury, suppressed the formers illusory pension fund, he lacked the fibre necessary to deal with the enormous deficit of nearly 10,000,000 in 1888-1889, the existence of which both i Perazzi and he had recognized.
To allow him to dissolve parliament, entrusted Signor Giolitti, a Piedmontese deputy, sometime treasury minister in the Crispi cabinet, with the formation of a ministry of the Left, which contrived to obtain six months supply on account, and dissolved the Chamber, The ensuing general election (November 1892), marked by unprecedented violence and abuse of official pressure upon B k the electorate, fitly ushered in what proved to be scandals, the most unfortunate period of Italian history since the completion of national unity.
At the same time it mediated between the companies and the employees, and in June a settlement was formally concluded between the ministers of public works and of the treasury and the directors of the companies concerning the grievances of the employees.
The latter accepted the task, and the new administration included Signor Tittoni, late prefect of Naples, as foreign minister, Signor Luigi Luzzatti, the eminent financier, at the treasury, General Pedotti at the war office, and Admiral Mirabello as minister of marine.
The premiers programme was not well received by the Chamber, although the treasury ministers financial statement was again satisfactory.
Signor Fortis then became premier and minister of the interior, Signor Maiorano finance minister and Signor Carcano treasury minister, while Signor Tittoni, Admiral Mirabello 1905 and General Pedotti retained the portfolios they had held in the previous administration.
He succeeded Sir William Coventry as commissioner for the state treasury in 1669, and in 1673 was appointed a commissioner for the admiralty.
Having convoked his boyars he reproached them collectively with robbing the treasury and committing acts of injustice, and he caused one of them, a Prince Shuiski who happened to be in power at the moment, to be seized by his huntsmen and torn in pieces by a pack of hounds, as a warning to others.
Treasures in its temples, and the city had a treasury of its own at Olympia.
When the Labour party joined the Coalition movement in 1915 he became a Lord Commissioner of the Treasury; he was parliamentary secretary to the Board of Trade 1916-7; Minister of Labour, 1917-8; Food Controller, Jan.
A state system will be compelled, by the exigencies of the public treasury, to arrange its rates to pay interest on its securities; a private company will generally be prevented, by the indirect competition of railways in other parts of the country which it serves, from doing very much more than this.
Such crude attempts as were made to prevent rates from being excessive concerned themselves with profits, and were designed to confiscate for the state treasury any earnings beyond a certain prescribed dividend.
It should be mentioned that the act provided that the Treasury might advance a portion of the money required for a line in cases where the council of any county, borough or district had agreed to do the same, and might also make a special advance in aid of a light railway which was certified by the Board of Agriculture to be beneficial to agriculture in any cultivated district, or by the Board of Trade to furnish a means of communication between a fishing-harbour and a market in a district where it would not be constructed without special assistance from the s' ate.
The First Punic War having exhausted the treasury, the as was reduced to 2 OZ.
Assuming then the leadership of the constitutional opposition, he combated the alliance between the Di Rudini cabinet and the subversive parties, criticized the financial schemes of the treasury minister, Luzzatti, and opposed the "democratic" finance of the first Pelloux administration as likely to endanger financial stability.
The pro-Syrian faction of the Palestinian Jews found their opportunity in this emergency and informed the governor of Coele-Syria that the treasury in Jerusalem contained untold sums of money.
At the end of the 12th century was established the " exchequer of the Jews," which chiefly dealt with suits concerning money-lending, and arranged a " continual flow of money from the Jews to the royal treasury," and a so-called " parliament of the Jews " was summoned in 1241; in 1275 was enacted the statute de Judaismo which, among other things, permitted the Jews to hold land.
Improved communications are much needed for the transport of agricultural produce, but the state of the treasury does not admit of more than a nominal expenditure on road-making and other public works.
This gives access to a whole series of halls and private rooms (halls " of the Colonnades," " of the Double Axes," " Queen's Megaron" with bath-room attached and remains of the fish fresco, " Treasury " with ivory figures and other objects of art), together with extensive remains of an upper storey.
In December 1852, however, be became first lord of the treasury and head of a coalition ministry of Whigs and Peelites.
Two fine silver candelabra, the tabernacle and the altar front are of the 17th century; and the treasury also contains some good silver work.
Exactions at the expense of Hanover and Naples helped to lighten the burdens of French finance; Napoleon's sale of Louisiana to the United States early in 1803 for 60,000,000 francs brought further relief to the French treasury; and by pressing hard on his ally, Spain, he compelled her to exchange the armed help which he had a right to claim, for an annual subsidy of 2,880,000.
One of the visitors, usually spoken of as "a man of great merit," having described how he had that day seen Kutuzov, the newly chosen chief of the Petersburg militia, presiding over the enrollment of recruits at the Treasury, cautiously ventured to suggest that Kutuzov would be the man to satisfy all requirements.
So naturally, simply, and gradually--just as he had come from Turkey to the Treasury in Petersburg to recruit the militia, and then to the army when he was needed there--now when his part was played out, Kutuzov's place was taken by a new and necessary performer.
When the crash came and the national treasury was found to be without resources to meet current expenses, further issues of $110,000,000 in currency were made.
After the rejection in 1838 of the governments proposals for the construction of seven trunk lines to be worked by the state, he obtained a concession for that piece of line on the terms that the French treasury would advance one-third of the capital at 3% if he would raise the remaining two-thirds, half in France and half in England.
Returned to power as minister of the treasury, promulgated some of his proposals by royal decree, and in spite of vehement opposition secured their ratification by the Chamber.
Treasury bills (Apr.