Fund sentence example
I certainly couldn't fund the whole group.
There was no college fund, either.
The Council will fund everything.
I hope that good people will continue to work for Tommy until his fund is completed, and education has brought light and music into his little life.
It became clear that neither the influence of the regular clergy, of which the Society of Jesus is the most powerful embodiment, nor that of foreign clerical parties, which largely control the Peters Pence fund, would ever permit renunciation of the papal claim to temporal power.Advertisement
All fines collected under the penal laws, all escheats and 2% of the receipts of toll roads and bridges go into the school fund, which is invested in state and Federal securities and the interest apportioned among the counties according to their school population.
Alex had already set aside a trust fund for both Jonathan and Destiny, and Carmen was listed as an equal partner in everything.
Sure, Dean thought, I'll put it on the list, right after food, clothing and shelter, all of which were tough enough to fund given Bird Song's present budget.
In 1869 the Old and New Schools in the North combined on the basis of the common standards; to commemorate the union a memorial fund was raised which amounted in 1871 to $7,607,492.
Turned to this new use, the fund grew fast, and Tommy was provided for.Advertisement
I'd like to eliminate your handicap of life's tribulations and fund you.
Their greatest social obligation had been the local church fund raiser.
The commutation fund thus formed is a permanent memorial of a generous and disinterested act on the part of her ministry.
The annual expenses of the board include £35,000 for cable repairs and reserve and a fixed payment to the National Debt Commissioners of £77,544 as sinking fund to amortise capital expenditure in fifty years.
World-renowned as the headquarters of the World Wildlife Fund's project to save the Giant Panda, Wolong has much to offer the birder.Advertisement
The public worship endowment fund has relieved the state exchequer of the cost of public worship; has gradually furnished to the poorer parish priests an addition to their stipends, raising them to 32 per annum, with the prospect of further raising them to 40; and has contributed to the outlay incurred by the communes for religious purposes.
For much of the day they have been talking to potential backers about their new venture capital fund called Social Brokers.
Other exceptions are the " Institutions of the Empress Marie," which absorb, inter alia, the duties on playing-cards and the taxes on places of public entertainment; the imperial civil list, so far as this does not exceed the sum fixed in 1906 (16,359,595 roubles!); the expenses of the two imperial chanceries, 10,000,000 roubles per annum, which constitute in effect a secret service fund.
Some doctrines of the earlier economists, such as the Wages Fund Theory, are now practically abandoned, though it may be said that they contained a certain amount of truth.
Two Aegean vases were found at Sidon in 1885, and many fragments of Aegean and especially Cypriote pottery have been turned up during recent excavations of sites in Philistia by the Palestine Fund.Advertisement
On the 2nd of July 1704, with the assistance of a bribing fund, Charles's ambassador at Warsaw, Count Arvid Bernard Horn, succeeded in forcing through the election of Charles's candidate to the Polish throne, Stanislaus Leszczynski, who could not be crowned however till the 24th of September 1705, by which time the Saxons had again been defeated at Punitz.
A municipal civil service commission of three members (holding office for three years) is chosen by the president of the board of education, the president of the city council, and the president of the board of sinking fund commissioners; the pay (if any) of these commissioners is set by each city.
The revenues of the state are classified into four funds; the general revenue fund, the sinking fund, the state common school fund and the university fund.
The chief sources of the general revenue fund are taxes on real and personal property, on liquors and cigarettes, on corporations and on inheritances; in 1909 the net receipts for this fund were $8,043,257, the disbursements $9,103,301, and the cash balance at the end of the fiscal year $3,428,705.
A special tax is levied for the benefit of the sinking fund - one-tenth of a mill in 1909.Advertisement
The commissioners of 'the fund are the auditor, the secretary of state and the attorney-general.
About one-half of the annual common school fund is derived from local taxes; the state levy for this fund in 1909 was one mill, and the total receipts were $2,382,353.
The university fund is derived from special taxes levied for the four institutions which receive aid from the state; in 1909 the levy was 0.245 mills and the total receipts were $582,843.
Benjamin Franklin, who was born and spent his boyhood in Boston, left boo() to the city in his will; it amounted in 1905 to $403,000, and constituted a fund to be used for the good of the labouring class of the city.
The members took no vows and were free to leave when they chose; but so long as they remained they were bound to observe chastity, to practise personal poverty, putting all their money and earnings into the common fund, to obey the rules of the house and the commands of the rector, and to exercise themselves in self-denial, humility and piety.Advertisement
The clerics preached and instructed the people, working chiefly among the poor; they also devoted themselves to the copying of manuscripts, in order thereby to earn something for the common fund; and some of them taught in the schools.
Most of these were held by the Educational Fund at the time of their maturity.
By 1901 all but $2671700 of the issue of 1871 had been retired and this amount was then refunded with 3% 50 year bonds which were taken by the Educational Fund.
In 1903 $616,800 of the 1873 issue was held by the Educational Fund and $148,000 by individuals.
The first part of this claim was refunded by a new bond issue, also taken by the Educational Fund, the second was paid from an Indian war claim of $692,946, received from the United States government in 1902, when $132,000 bonds of 1857, held by the United States government, were also extinguished.Advertisement
As early as 1831 an unsuccessful attempt was made to form an adequate public school fund; the first real effort to establish a common school system for the territory was made after 1835; in 1840 there were altogether 18 academies and 51 common schools, and in 1849 the state legislature made an appropriation in the interest of the public instruction of white pupils, and this was supplemented by the proceeds of land granted by the United States government for the same purpose.
Other significant episodes have been the Unification of the Funds, the Equalization of Districts and the reconstruction of Conference on a broader basis, the Ministers' Sustentation Fund and the Church Extension Fund, and the enlargement and reorganization of the college at Manchester.
In celebration of the centenary of the Church, a fund of £250,000 was launched in 1 9 07, and this was brought to a successful issue.
With tolls, and the tribute of the Delian League, a fund of 9700 talents (2,30o,000) was amassed in the treasury.
The island now has free trade with the United States, and receives into its general revenue fund all customs duties and internal taxes collected in the island.Advertisement
In addition to the common treasury, supported by the general taxes and charged with the ordinary expenditure, there was a special reserve fund, also in the temple of Saturn, the aerarium sanctum (or sanctius), probably originally consisting _of the spoils of war, afterwards maintained chiefly by a 5% tax on the value of all manumitted slaves, this source of revenue being established by a lex Manlia in 357.
Megalithic town walls were naturally common in that stony land, Palestine, and very typical specimens of them were found in the Palestine Exploration Fund's excavations at Bethshemesh (`Ain Shems) directed by Dr. Duncan Mackenzie, 29 whose work also threw new light on the phenomenon of the appearance in Palestine between the 12th and 10th centuries B.C. of subMycenaean (Greek) pottery, which can only be ascribed to the Philistines, whose historical position as a foreign invading force from the Aegean area (Lycia and Crete-Kaphtor) is now entirely vindicated.
The great excavation of the Osireion at Abydos, begun for the Society (then the Egypt Exploration Fund) by Prof. Edouard Naville, 4 ' but suspended owing to the war, it has not been possible to resume at present, owing to the commitments of the Amarna site and the heavy expense of such work as that at the Osireion, which cannot vet be contemplated.
There is evidence to show that the arrangement for this " publishing of Truth" rested mainly with Fox, and that the expenses of it and of the foreign missions were borne out of a common fund.
Margaret Fell (1614-1702), wife of Thomas Fell (1598-1658), vice-chancellor of the duchy of Lancaster, and afterwards of George Fox, opened her house, Swarthmore Hall near Ulverston, to these preachers and probably contributed largely to this fund.Advertisement
Four-fifths of the net product of the revenues, after deduction of the first charge of £T590,000, was to be applied.to the service of the interest on the new reduced debt, and provided that the four-fifths were sufficient to allow the distribution of 1% interest, one-fifth was to be devoted to sinking fund; but this latter fifth was to be reduced, if necessary, by an amount sufficient to maintain the rate of interest at i %.
The interest on bonds amortized was to be added to the funds available for sinking fund.
Any surplus of revenue beyond that necessary to provide 4% interest and I% sinking fund was to be handed over to the government.
The lottery bonds receive a special treatment both in regard to interest and sinking fund; full information as to the intricate arrangements made for these bonds will be found in the decree of Muharrem and the published reports of the council of administration of the Ottoman public debt.
In this manner an annuity of £T159,500 was set free, of which £Ti i,000 per annum was allotted as " extraordinary sinking fund " to series A and £T49,500 per annum each to series B, C and D; the lottery bonds were originally excluded from this arrangement, and special compensation was granted to these later.Advertisement
Thus, in the financial year1900-1901the total amount of the fund had risen from £T159,500 to £T231,500.
Series B, C and D (series A having already been completely redeemed by the action of the sinking fund) were replaced by the creation of new 4% bonds to a nominal amount of £T32,738,772, with a sinking fund of 0.45% per annum, bearing identical rights and privileges, and ranking immediately after, the priority bonds.
Interest on amortized bonds goes to swell the sinking fund.
The above 25% is to be employed as additional sinking fund for the unified debt and lottery bonds, in the proportion of 60% and 40% respectively.
The reserve fund was created primarily to make good any deficiency in the revenues below the amount required to pay the interest due.
If such drafts upon the reserve fund become necessary, they are to be made good in the following years out of the surplus above mentioned.
The reserve fund is increased by the interest it may earn, but when the capital amount of the fund reaches £T2,000,000 the interest earned is merged in the general receipts of the public debt administration.
As soon as the unified debt is reduced to £T16,000,000 the reserve fund is to be reduced to £Ti 3 000,000, the surplus over this last amount being paid to the government.
Out of the payment five-sixths are given to the sellers, and onesixth devoted to the Greenlanders' public fund, spent in " public works," in charity, and on other unforeseen contingencies.
The Drapers' Company has given £15,50o towards building a library, in addition to previous donations to the engineering department and the scholarship fund of the college.
His dryness is associated with a fund of dry humour exceedingly effective in its proper place, as in The Book Hunter.
It was originally a collegiate charitable institution, its basis being a fund for the schooling of ministers, and the charity element has remained very large relatively to other colleges.
Expenditures from the fund known as " The Internal Improvement Land Fund," derived from the sale of state lands, can be made only after the enactment for that purpose has been approved by the voters of the state; in 1881 the legislature, and in 1884 the popular vote, pledged the proceeds of this fund to the payment of Minnesota state railway adjustment bonds.
The schools are supported by a state tax, and by the proceeds of a permanent school fund amounting (in 1908) to $19,709,383; in the same year the total value of all public school property was $28,297,420.
His powers of organization were strongly exhibited in the Pastors' College, the Orphanage (at Stockwell), the Tabernacle Almshouses, the Colportage Association for selling religious books, and the gratuitous book fund which grew up under his care.
He had an admirable gift of lucid, direct narrative, and an unfailing fund of incident, and of humour, sometimes bordering on farce.
From 1875 to 1893 he was president of the Royal Literary Fund, and attended most closely to his duties then.
With the State fund are incorporated all large estates, small farms not yet purchased by the occupants and lands acquired by colonization companies, foreign banks and similar bodies.
He founded museums, libraries and schools, and inaugurated scholarships and a fund from which deserving scholars desirous of studying in England and America could obtain their expenses.
By a decree of 1842 this fund was transferred to the public treasury of Mexico, the Mexican government undertaking to pay interest thereon in perpetuity in furtherance of the design of the original donors.
The question of liability was then referred to commissioners appointed by each state, and, on their failing to agree, to Sir Edward Thornton, British minister at Washington, who by his award, in 1875, found there was due from Mexico to Upper California, or rather to the bishops there as administrators of the fund, an arrear of interest amounting to nearly $100,000, which was directed to be paid in gold.
During the year 1827 the public debt was consolidated, and a department was created for the application of a sinking fund.
The same law provided an emancipation fund, to be annually applied to the ransom of a certain number of slaves owned by private individuals.
The name of the town was Idsall when in 1591 a fund was raised by royal favour in Shropshire and neighbouring counties in order to rebuild it after a serious fire.
In general, the use of a square or rectangular cloth (whether folded diagonally or not) corresponds to the modern keffiyeh woven with long fringes which are plaited into cords knitted at the ends or worked into little balls sewn over with coloured silks and golden From Palestine Exploration Fund threads.
To the work carried on by the Imperial Cancer Research Fund in England, and to investigators in other countries, are due the present day scientific efforts made to systematize investigation and clear away many of the hypothetical speculations that have gathered round this most difficult subject.
The League of Mercy, under royal charter, operates in conjunction with the Fund in the collection of small subscriptions.
Io,680 Local Government Board-Common Poor Fund 756 £24,703,087 The total expenditure was equal to a rate in the pound of s.
By the Metropolitan Poor Act 1867, the metropolitan common poor fund, to which each union in London contributes in proportion to its rateable value, was established.
Out of this fund certain expenses of guardians in connexion with the maintenance of indoor paupers and lunatics, the salaries of officers, the maintenance of children in poorlaw schools, valuation, vaccination, registration, &c., are paid.
Finally, in 1894, the fund called the Equalization Fund was established.
This fund is raised by the rate of 6d.in the pound on the assessable value of the county of London, and redistributed among the boroughs in proportion to their population.
To provide for the repayment from earnings of the capital invested in a mining property and expended in development, and to provide for the depreciation in value of the plant and equipment, an amortization fund must be accumulated during the life of the mine; or, if it be desired to continue the business of mining elsewhere, a similar fund must be created for the purchase, development and equipment of a new property to take the place of the original deposit when that shall be exhausted.
If, for example, we assume the life of a given mine at ten years and the rate of interest at 5%, it will be necessary that the property shall earn nearly 13% annually - viz., 5% interest and 8% for the annual payment to the amortization or the reserve fund.
Assuming, for example, the life of the mine at ten years as before, and taking the interest to be earned by the amortization fund at 3%, and that on the investment at io%, we shall find that the annual income should amount to 18.7% per year.
Early meanings of the root gild or geld were expiation, penalty, sacrifice or worship, feast or banquet, and contribution or payment; it is difficult to determine which is the earliest meaning, and we are not certain whether the gildsmen were originally those who contributed to a common fund or those who worshipped or feasted together.
Each member took an oath of admission, paid an entrance-fee, and made a small annual contribution to the common fund.
Officers, commonly called wardens in England, were elected by the members, and their chief function was to supervise the quality of the wares produced, so as to secure good and honest workmanship. Therefore, ordinances were made regulating the hours of labour and the terms of admission to the gild, including apprenticeship. Other ordinances required members to make periodical payments to a common fund, and to participate in certain common religious observances, festivities and pageants.
The site has been partially excavated by the Palestine Exploration Fund, and an enormous mass of material for the history of Palestine recovered from it, including remains of a pre-Semitic aboriginal race, a remarkably perfect High Place, the castle built by Simon, and other remains of the first importance.
Great part of the burden has been borne throughout by the "City Extension Fund," realized from the utilization of the ground formerly occupied by the fortifications and glacis.
There is a public debt of about £340,000, borrowed for public works, which is being paid off by a sinking fund.
As a memorial of his work the Duff Hall was erected in the centre of the educational buildings of Calcutta; and a fund of Li 13000 was raised for his disposal, the capital of which was afterwards to be used for invalided missionaries of his own church.
A sinking fund commission was established in 1875, and the entire sum was extinguished by the 1st of August 1894.
There was at the same time a sinking fund of $654,999.
Among his most important canvases must be reckoned "The Pilot Cutter" in 1866, "The Salmon Poachers" in 1869, "The Lifeboat" in 1876, "Highland Pastures" in 1878, "The Beached Margent of the Sea" in 1880, "The Newhaven Packet" (bought by the Birmingham Corporation), and "Catspaws off the Land" (bought by the Chantrey Fund trustees); in 1885, "Mount's Bay" (bought by the Manchester Corporation) in 1886, "Nearing the Needles" in 1888, "Machrihanish Bay, Cantyre," in 1892, "Hove-to for a Pilot" in 1893, and "Glen Orchy," a landscape, in 1895.
In 1909 the value of the property held under the Darkest England Scheme in the United Kingdom was returned at £329,645, and the income of the central fund at £50,594.
He published essays on the way to destroy mendicancy and to improve the condition of the labourers, and also on the establishment of a fund for rural relief and the organization of rural education.
The state school fund, ranging from about $150,000 to $160,00o a year, is apportioned among the school districts, according to the number of teachers employed, and is used exclusively for teachers' salaries and the supplying of free text-books.
This fund is supplemented by local taxation.
The permanent public school fund is the largest of any state in the Union; in 1908 it included $38,406,222 in land notes, $15,136,808 in bonds, $7,915,257 (estimated) in leased lands, and $67,956 in cash awaiting investment.
The nominal amount of the public debt on the 1st of September 1908 was $3,989,400, but the figures are misleading, because, with the exception of $22,000 (held partly by counties), all of these obligations were in the permanent school fund or in funds for the University, the Agricultural and Mechanical College, and the various charitable institutions.
The school tax was derived in1905-1906from interest on the state's permanent school fund - amounting to 2.3% of the total tax, and distributed in proportion to the population of school age; from a I to 3 mill county tax, amounting to 5.2% of the whole; and from local or district taxation, 92.5% of the entire tax.
His fall left the finances of the state disorganized, the pensions fund depleted, diplomatic relations with France strained in consequence of the massacre of Italian workmen at AiguesMortes, and Sicily and the Lunigiana in a state of revolt, which he had proved impotent to suppress.
This act appropriated £ 20,000 annually for five years for the establishment and maintenance of elementary schools, required each city and town to raise by taxation a sum for the same purpose equal to onehalf of its share from the proceeds of the state fund, and provided for the election of school commissioners in each town and of trustees of each school.
The state appropriation was discontinued in 1800; but in 1805 the proceeds of the sale of 500,000 acres of land were set apart for a permanent school fund, and in 1812, when the interest on this fund had become nearly $50,000 a year, the amount required before any of it could be distributed for school purposes, the commonschool system was permanently established by an act which restored the main features of that of 1795, except that a superintendent of schools chosen by the council of appointment was now placed at its head.
Although the interest on the state fund had risen to $70,000 in 1819, this together with an equal sum raised by the cities and towns was insufficient, and to meet the deficiency the patrons in each district were required by a " rate bill " to contribute in proportion to the attendance of their children.
Revenues for state purposes are derived from special taxes collected from the liquor traffic, corporations, transfers of decedents' estates, transfers of shares of stock, recording tax on mortgages, sales of products of state institutions, fees of public officers including fines and penalties, interest on deposits of state funds, refunds from department examinations and revenue from investments of trust funds, the most important of which are the common school fund and the United States deposit fund.
In 1829 the Safety-Fund Act was passed, which required each bank thereafter chartered or rechartered to pay into the state treasury 3% of its capital stock other than that owned by the state, and from this fund the debts of insolvent banks were to be paid.
The fund became exhausted by many failures, and a free banking law was enacted in 1838.
When it was already firmly established (in July 1841), he took in Thomas McElrath as an equal partner, upon the contribution of $2000 to the common fund.
The chief expenditure was on the interest and sinking fund of the national debt.
The king's death-bed request to his brother, "Let not poor Nelly starve," was faithfully carried out by James II., who paid her debts from the Secret Service fund, provided her with other moneys, and settled on her an estate with reversion to the duke of St Albans.
It also deals with the accounts of harbours, lighthouses and mercantile marine offices, and of the merchant seamen's fund, and with the consuls' accounts for disabled seamen abroad.
The permanent school fund amounted to $4,852,567 on the 1st of July 1907.
In 1910 the total permanent school fund was $7,725,583 and the estimated value of the unsold lands held for the common schools and other educational endowments was $3,068,172.
It was not until 1860 that the modern hospital school system was definitely inaugurated by the opening of the Nightingale Fund School at St Thomas's Hospital, founded with the money subscribed by the British public in recognition of Miss Nightingale's national services, and worked on principles laid down by her.
The discrepancy between the fees paid by patients and the salaries received by nurses, especially in London, has occasionally excited unfavourable comment, but it is to be remembered that the nurses are maintained when out of work or ill, and have other advantages; many institutions either provide pensions or assist the members of their staff to join the Royal National Pension Fund.
Distillers and revenue officers in St Louis, Milwaukee, Cincinnati and other cities were implicated, and the illicit gains - which in St Louis alone probably amounted to more than $2,500,000 in the six years 1870-1876 - were divided between the distillers and the revenue officers, who levied assessments on distillers ostensibly for a Republican campaign fund to be used in furthering Grant's re-election.
The proceeds of the sale of public lands donated to the state for educational purposes, and all escheats to the state, constitute a trust fund, the interest from which, with the proceeds of all fines for the violation of state laws, is annually apportioned among the school districts according to the school population; the total apportionment from the State Tuition Fund in 1908 was $357,238.
But mention must also be made of his founding of Carnegie Hero Fund commissions, in America (1904) and in the United Kingdom (1908), for the recognition of deeds of heroism; his contribution of £500,000 in 1903 for the erection of a Temple of Peace at The Hague, and of £150,000 for a Pan-American Palace in Washington as a home for the International Bureau of American republics.
Some of the original proposals, which were much criticized, were subsequently dropped, including the permanent diversion of the Old Sinking Fund to a National Development Fund (created by a separate bill), and a tax on "ungotten minerals," for which was substituted a tax on mineral rights.
The state fund has not been supplemented locally for the payment of teachers, who have consequently been underpaid.
The rural teachers, however, have been paid from the state fund, so that the poorer districts receive aid from the richer districts of the commonwealth.
The sinking fund commission is composed of the governor, attorney-general, secretary of state, auditor and treasurer.
Messages of congratulation came from the rulers of every Protestant nation in Christendom, and a centenary thanksgiving fund of 250,000 guineas was raised for extending the society's work.
Relative to the uncertain connexion of length, capacity and weight in the ancient metrological systems of the East, Sir Charles Warren, R.E., has obtained by deductive analysis a new equivalent of the original cubit (Palestine Exploration Fund Quarterly, April, July, October 1899).
Parsimony is the source of the increase of capital; by augmenting the fund devoted to the maintenance of productive hands, it puts in motion an additional quantity of industry, which adds to the value of the annual produce.
He had prepared a sustentation fund scheme for the support of the seceding ministers, and this was at once put into successful operation.
The plan of 1821 to use the Literary Fund for founding and maintaining a state college for instruction in the higher branches of science and literature was abandoned in 1828 and the only state institutions of learning are the Plymouth Normal School (1870) at Plymouth, the Keene Normal School (1909) at Keene, and the New Hampshire College of Agriculture and Mechanic Arts, organized as a department of Dartmouth College in 1866, but removed to Durham, Strafford county, as a separate institution in 1891.
All taxes on savings banks are distributed to the towns in which the depositors reside, the tax on non-resident depositors constituting a Literary Fund which is distributed to the towns on the basis of the number of pupils in each.
All these were found amongst the great mass of papyri acquired by the Egyptian Exploration Fund from the ruins of Oxyrhynchus, one of the chief early Christian centres in Egypt, situated some 120 m.
They again renounced tobacco, wine, meat and every kind of excess, many of them dividing up all their property in order to supply the needs of those who were in want, and they collected a new public fund.
Though in favour of selling a portion of these lands to provide a fund for the existing needs of the Church, he secured the defeat of the proposal then before the government to dispose of the Clergy Reserves to the Canada Company.
The site was excavated in 1884-1886 by the Egypt Exploration Fund, and a supplementary excavation was made by the British School at Athens in 1899.
Temporary relief was administered in the shape of employment on roads and other works; and an emigration fund being raised, from 4000 to 5000 of the people in the most crowded districts were removed to Australia.
The land, buildings and equipment of the college, which cost over $2,500,000, were presented by Sir William Macdonald, who in addition has provided for the future maintenance of the work by a trust fund of over $2,000,000.
The school fund in 1900 amounted to $1,000,000, an increase of 37% over the average annual fund of the preceding decade; for the year ending the 30th of September 1907 the amount certified for apportionment by the state was $1,150,261.40, and the total annual expenditure was about $1,600,000; in 1906 the school census showed 697,465 children of school age.
The legislature of 1907 voted an increase of $300,000 in the appropriation for the common school fund, and granted state-aid for rural school-houses; but its most important work probably was the establishment of county high schools.
Up to 1907 the state licensed the sale of liquor, and liquor licence fees were partly turned over to the public school fund; there was a dispensary system in some counties; and in 1907 one-third of the counties of the state (22 out of 67) were "dry."
Georgia's system of public instruction was not instituted until 1870, but as early as 1817 the legislature provided a fund for the education in the private schools of the state of children of indigent parents.
The constitution, as amended in 1905, provides that elections on the question ‘ of local school taxes for counties or for school districts may be called upon a petition signed by one-fourth of the qualified voters of the county, or district, in question; under this provision several counties and a large number of school districts are supplementing the general fund.
But the principal source of the annual school revenue is a state tax; the fund derived from this tax, however, is not large enough.
In 1908 the common school fund approximated $3,786,830, of which amount the state paid $2,163,200 and about $1,010,680 was raised by local taxation.
While possessing considerable gifts of mind and a latent fund of energy, he seldom acted or reflected until the favourable moment had passed.
John McIntire (1759-1815), one of the early settlers, provided by will for the maintenance of a school for poor children, and such a school was maintained from 1836 to 1856, when it was transferred to the city school system, annual contributions being made from the fund for poor children; later the McIntire Home was founded, and in 1902 donations to the city school system were discontinued and the entire revenues of the estate devoted to the maintenance of the Home, which is a model of its kind.
In 1868, however, on account of his continued hostility to Prussia, the Prussian government sequestrated this property; and, known as the Welfenfonds, or Reptilienfonds, it was employed as a secret service fund to combat the intrigues of the Guelphs in various parts of Europe; until in 1892 it was arranged that the interest should be paid to the duke of Cumberland.
Among the more important legislative changes with which he was principally connected were a reform of the Navigation Acts, admitting other nations to a full equality and reciprocity of shipping duties; the repeal of the labour laws; the introduction of a new sinking fund; the reduction of the duties on manufactures and on the importation of foreign goods, and the repeal of the quarantine duties.
This scheme has been widely misunderstood; it has been assumed that an entirely separate fund was created, and that in years when the specified sum was not paid into this fund, the purpose of the government was not carried out.
This pamphlet excited considerable controversy, and is supposed to have influenced Pitt in re-establishing the sinking fund for the extinction of the national debt, which had been created by Walpole in 1716 and abolished in 1733.
A grant of £5000 was made from the Centenary Fund for the provision of Wesleyan day-schools.
The conference of 1843 directed that greater attention must be given to this department, and a committee met in the following October which resolved that 700 schools should be established if possible within the next seven years, and an Education Fund raised of £500o a year.
The great advance in organization made with such peace and goodwill was commemorated in 1878 by the Thanksgiving Fund which reached £297,500.
Dr Rigg, the president of that year, put all his strength into the movement, and every department of Methodist work at home and abroad shared in the benefits of the fund.
London Methodism owes more than can be told to the Metropolitan Chapel Building Fund which was founded in 1861.
McArthur, will always be associated with this fund which has promoted the erection of some hundred new chapels.
The Extension Fund, established in 1874, largely by the help of Sir Francis Lycett and Mr Mewburn, has done similar work for country towns and villages.
Similar work has been done in Scotland by a fund established in 1878.
The work of the Metropolitan Chapel Building Fund and the London Mission is taken over by this new committee.
The Rev. Albert Clayton, the secretary of the fund, lavished his strength on his vast task and the total income exceeded I, 073,782.
An agitation begun soon after the War of Independence resulted in the creation of a school fund in 1831 and the final establishment of the present system of public schools in 1834.
Under authority .of a constitutional amendment of 1857 a sinking fund commission was established in 1858.
The constitution of 1873 and subsequent legislation have continued the commission, but the sources of revenue have been very much curtailed, being restricted to the interest on the deposits of the fund and interest on certain Allegheny Railroad bonds.
The sinking fund at the same date amounted to $2,652,035, leaving a net surplus in the sinking fund of $8118.
The sinking fund was formerly divided among certain favoured banks in such manner as would best advance the political interests of the organization which controlled the state; but just after the reform victory in the election of 1905 the sinking fund commission instituted the policy of buying bonds at the market price, and the debt is now being reduced by that method.
In 1882 he was largely responsible for founding the Egypt Exploration Fund, and in 1884 for starting the Society of English Medallists.
In 1823 a fund was raised on his behalf, and he was sent to board with the clerk of the guardians, having his time at his own disposal, and the privilege of making use of a public library.
The total debt in English money may be put at 126 millions sterling, which requires for interest, sinking fund and service about 5-1 millions sterling annually.
It has long been conceded that the great French national epics of the 11th and 12th centuries must have been founded on a great fund of popular poetry, and that many of the episodes of the chansons de geste refer to historical events anterior to the Carolingian period.
In 1895 an arrangement was made for a reduction of the rate of interest, for the funding of the arrears, and for the creation of a sinking fund.
It had at last been recognized that such famines must be expected to occur at no very long intervals of time, and that the cost of relief operations must not be met by increasing the permanent debt on the country, but by the creation of a famine relief and a famine insurance fund.
In 1902, by Act of Congress, a " reclamation fund " was created from moneys received from the sale of public lands; it was to be used under a " Reclamation Service " (part of the Department of the Interior) for the reclamation of arid lands.
The appointment of permanent doctors (Kassenarzle) at a fixed salary has given rise to much difference between the medical profession and this local sick fund; and the insistence on freedom of choice in doctors, which has been made by the members and threatens to militate against the interest of the profession, has been met on the part of the medical body by the appointment of a commission to investigate cases of undue influence in the selection.
The workmen contribute at the rate of two-thirds and the employers at the rate of one-third; the sum payable in respect of each worker varying from 11/2-3% of the earnings in the communal sick fund to at most 11/2-4% in the others.
Another fund, of about 5,200,000, serves for the construction and armament of fortresses; while 6,000,000, known as the Reichskriegsschatzor war treasure fund is not laid out at interest, butis stored in coined gold and bullion in the Juliusturm at Spandau.
A special fund, producing tiofi.
It applied only to those occupations, mines and factories, in which the use of machinery was common; it threw the whole burden of compensation on to the masters; but, on the other hand, for the first thirteen weeks after an accident the injured workman received compensation from the sick fund, so that the cost only fell on the masters in the more serious cases.
In 1907 the reserve fund was £548,041; note circulation, £84,501,000; cash, £60,036,625.
Howe was director, and the life and soul of the school; he opened a printing-office and organized a fund for printing for the blind - the first done in America; and he was unwearied in calling public attention to the work.
For the service of this loanknown as the Guaranteed loanan annuity of 315,000 was provided in the Egyptian budget for interest and sinking fund.
Reserve Fund was created by decree of the 12th of July 1888, into which was paid the Caisses half-share in the eventual surplus of revenue.
This fund, primarily intended as a security for the bondholders, might be drawn upon for extraordinary expenditure with the consent of the commissioners of the Caisse.
At the same time it is believed that but for the faculty given by the decree of 1888 to spend the General Reserve Fund on public works, the financial system elaborated by the London Convention would have broken down altogether.
Between 1888 and 1904 about 10,000,000 was devoted from this fund to public works.
The fund could not be used for any purpose without the consent of the powers, and the money paid into it was invested by the Caisse in Egyptian stock.
The fund therefore acted as a very expensive sinking fund, the market price of the stock purchased being above par.
Up to 1904 the consent of the powers to the employment of this fund for any purpose of public utility was withheld.
On the 31st of December01 that year the fund amounted to E.6,o31,000.
It may be added that besides the General Reserve Fund and the Conversion Economies Fund, there existed another fund called the Special Reserve Fund.
Moreover, to avoid having to pay half the amount received into the General Reserve Fund the government was compelled to keep certain.
The Conversion Economies Fund was also placed at the free disposal of the Egyptian government- The General Reserve Fund ceased to exist, but for the better security of the bondholders a reserve fund of Li,8oo,ooo was constituted and left in the hands of the Caisse to be used in the highly improbable event of the land tax being insufficient to meet the debt charges.
At the same time a new General Reserve Fund was created, made up chiefly of the surpluses of the old General Reserve, Special Reserve, and Conversion Economies funds.
This new fund started with a capital of 13,376,000 and was replenished by the surpluses of subsequent years, by the interest earned by its temporary investment, and by the sums accruing by the liquidation of the Daira and Domains loans.
At that period the charge for interest and sinking fund was 4,127,000.
The charge on account of interest and sinking fund was 3,709,000.
The annual Archaeological Reports of the Egypt Explbration Fund contain summaries of the work done each year in the several departments of research.
Lepsius, Denkmdler aus Agypten und Athiopien (Berlin, 1849-1859), and Memoirs of the Archaeological Survey of the Egypt Exploration Fund, may be specified.
The funerary temple of Nebhepr Menthotp III., the last but one of these kings, has been excavated by the Egypt Exploration Fund at Deir el Bahri, and must have been a magnificent monument.
A considerable reserve fund is maintained to meet emergencies.
The surplus income of the gallery fund is devoted to instruction in drawing and design in the two schools.
The administration of the fund was handed over to a body of trustees, who devote the annual income (L100,000) partly to the payment of students' fees and partly to buildings, apparatus, professorships and research.
During the winter of1862-1863the count took a special interest in the organization of the Lancashire Cotton Famine Fund, and contributed an article to the Revue des deux mondes entitled "Christmas Week in Lancashire."
The legislature of 1861 provided for a war fund of $2,000,000; and Capt.
His homilies, which are still preserved, furnish ample apology for the partiality of the people, exhibiting the free command of a pure and copious vocabulary, an inexhaustible fund of metaphors and similitudes, giving variety and grace to the most familiar topics, with an almost dramatic exposure of the folly and turpitude of vice, and a deep moral earnestness.
According to the English engineers who surveyed the country on behalf of the Palestine Exploration Fund, the area of this part of the country is about 6040 sq.
There has been no systematic survey of Eastern Palestine such as was carried out in Western Palestine between 1875 and 1880 by the officers of the Palestine Exploration Fund.
Fund Quarterly Statement, 1902, p. 389.
In 1864 was founded the Palestine Exploration Fund, under the auspices of which an ordnance survey map of the country was completed (published 1881), and accompanied by volumes containing memoirs on the topography, orography, hydrography, archaeology, fauna and flora, and other details.
Blomfield had given himself zealously to the work of churchbuilding; Tait followed in his steps by inaugurating (1863) the Bishop of London's Fund.
The aggregate harvest of the village fields was thrown into a common fund, and before the general distribution the head-man was bound to set aside the share of the state.
The sensation produced by the tragedy of the expedition was profound and a large fund was subscribed for the benefit of the relatives of the dead explorers and for the promotion of polar research.
Gaol fees were levied ruthlessly - "garnish" also, the tax or contribution paid by each individual to a common fund to be spent by the whole body, generally in drink.
There is also a permanent school fund derived wholly from land grants from the national government.
The university and the normal school are supported by the Morrill Fund and by state appropriations.
A relief fund of nearly $3,000,000 was raised, and the city was quickly rebuilt.
The state bonded debt in 1907 amounted to three and a half million dollars, of which all but $767,529.03 was represented by bonds purchased by the state and held for the school and university funds; for the common school fund on the 1st of July 1907 there were held bonds for $4, 8 9 0, 95 0, and $800,000 in cash available for investment; for the university fund there were held $751,000 in state bonds, and a large amount in other securities.
One outcome of early mission history, the " Pious Fund of the Californias," claimed in 1902 the attention of the Hague Tribunal.
Lee published for the Oriental Translation Fund a version from the abridged MSS.
Convinced that only by proper scientific investigations could the wholesale destruction of Egyptian antiquities be avoided, she devoted herself to arousing public opinion on the subject, and ultimately, in 1882, was largely instrumental in founding the Egypt Exploration Fund, of which she became joint honorary secretary with Reginald Stuart Poole.
For the business of this Fund she abandoned her other literary work, writing only on Egyptology.
The elementary schools are maintained from the proceeds of the state school funds, consisting of interest on the literary fund, a portion of the state poll tax, a property tax not less than one mill nor more than five mills on the dollar, and special appropriations; county funds, consisting principally of a property tax; and district funds, consisting principally of a property tax and a dog tax.
A law enacted in 1910 provides a fund for special aid from the state to rural graded schools with at least two rooms. With state aid normal training departments are maintained in several of the high schools in counties which adopt the provisions of the statute.
The sinking fund consists of damages recovered against defaulting revenue collectors, railway stock and appropriations from time to time by the legislature.
Upon the arrival of Garibaldi at Naples, Bertani was appointed secretary-general of the dictator, in which capacity he reorganized the police, abolished the secret service fund, founded twelve infant asylums, suppressed the duties upon Sicilian products, prepared for the suppression of the religious orders, and planned the sanitary reconstruction of the city.
In 1907 the total bonded debt of the state was $393500; the General Assembly in 1906 authorized the issue of $900,000 worth of bonds to fund outstanding military certificates of indebtedness incurred in suppressing insurrections at Cripple Creek and elsewhere in 1903-1904.
They produced a brilliant succession of eminent scholars and scientists who transmitted to the Moslems the results of Babylonian civilization and Greek learning, and their influence at the court of Baghdad secured more or less toleration for Sabianism, although in the reign of Harlan al-Rashid the Harranians had already found it necessary to establish a fund by means of which the conscientious scruples of Moslem officials might be overcome.
In order to meet the unified public wants, an equally unified public fund was requisite.
At the head of the public school system is a Board of Education of seven members, including the governor and the superintendent of public instruction; this Board apportions the school fund among the counties, selects the text-books and prepares the examinations for teachers.
This fund is administered by a trust which is not under the control of the church, and the revenue is used mainly in aid of church building and endowment throughout the country.
The small-livings fund aims at bringing up to £200 a year all stipends which fall short of that sum, of which there are nearly 400.
At first Christ's hospital shared a common fund with the two other hospitals of thefoundation(Bridewell and St Thomas's), but the three soon became independent.
The primitive community is not so custom-bound that personality has no chance to make itself felt, and the leader of men possessed of an inner fund of inspiration is the wonderworker who encourages all forms of social advance.
At the beginning of the 20th century the Baptist Union collected a "Twentieth Century Fund" of £250,000, which has largely assisted the formation of new churches, and gives an indication of the unity and virility of the denomination.
Among the beneficiaries of the education fund was Samuel Stillman (1737-1807), afterward the honoured pastor of the Boston church.
Drottningsgatan terminates at the observatory, on a rocky eminence, near which are the offices for the distribution of the Nobel fund.
For instance, a testator having left a fund to be divided into four parts - one-fourth to be used for "the redemption of British slaves in Turkey and 2 Barbary," and the other three-fourths for various local charities - it was found that there were no British slaves in Turkey or Barbary, and as to that part of the gift therefore the testator's purpose failed.
Instead of allowing the portion of the fund devoted to this impossible purpose to lapse to the next of kin, the court devoted it to the purposes specified for the rest of the estate.
Thus, a testator having left money to be applied in building a church in a particular parish, and that having been found to be impossible, the fund will not be applied cy-pres, but will go to the next of kin.
Much of this work was done in connexion with the Palestine Exploration Fund.
In 1894 he founded the Egyptian Research Account, which in 1905 was reconstituted as the British School of Archaeology in Egypt (not to be confused with the Egypt Exploration Fund, founded 1892).
A royal commission of inquiry was appointed, a patriotic fund opened, and money flowed in fast.
It maintains a special education and investigation fund.
He desired that it should be applied to a fund for insurance and old age pensions for workmen and old people, to the lightening of the municipal taxes by state contributions to the schools and workhouses, to the abolition of the land taxes and of the obligation of keeping a horse and man for military service, and, lastly, to the improvement of the shipping trade; but the Riksdag decided to devote it to other objects, such as the payment of the deficit in the budget, the building of railways and augmentation of their material, as well as to improvements in the defences of the country.
The Riksdag, however, delayed coming to a decision, and contented itself by earmarking money for an insurance fund.
A conversion fund was also created, and, although the government afterwards authorized two more large issues, the beneficial effects of this law were so pronounced that the customs regulations were modified in 1907 to permit the payment of import duties in paper.
In October the Chilean government announced that the contemplated conversion scheme, for which gold had been accumulated, would be postponed for two years (till October 1903), the gold being held as a reserve fund pending the result of the arbitration over the Argentine frontier.
They are divided into two parts, the consolidated fund services and the supply services, the first comprising the civil list, debt.
The consolidated fund services are an annual charge, fixed by statute, and alterable only by statute, but the supply services may be gone through in detail, item by item, by the House of Commons, which forms itself into a committee of supply for the purpose.
All revenues derived from these services are paid into a separate fund.
In this besides giving an historical account (founded on Dr Robert Hamilton's valuable work On the National Debt, 1813, 3rd ed., 1818) of the several successive forms of the sinking fund, he urges that nations should defray their expenses, whether ordinary or extraordinary, at the time when they are incurred, instead of providing for them by loans.
Each year $ 100,000 is set aside for the sinking fund for the payment of outstanding bonds as fast as they become due.
The fund yields an income of £200 per annum.
A public school fund was established in 1817.
At the close of the fiscal year 1908 the school fund of the state was $4,850,602.41; the income for the year was $224,233.56 and the disbursements were $373, 0 95.7 6.
The income from the state school fund is divided among the counties on the basis of the total number of days of attendance of the public school pupils; the legislative appropriation, however, is apportioned among the counties according to their assessed property values.
Each county also received 90% of the state school tax it has paid, the remainder forming a reserve fund to be distributed among the counties at the discretion of the state board.
The state has taken official recognition of this fund and administers it on behalf of the contributors through a board of trustees appointed by the governor.
Since that date, with the exception of the period of Governor Abbett's second administration (1890-1893), the proceeds from the sale and rental of these lands have been regularly applied to the school fund.
In the state fund, the total ' Also receives Federal aid.
Other denominational agencies have been concerned with the printing and circulation of Swedenborgian literature, a training college for the ministry (founded in 1852), and a Ministers' Aid Fund (18J4), and an Orphanage (1881).
The clerk of the peace was formerly paid by fees which were fixed by quarter sessions, but he is now generally, if not in every case, paid by salary, the fees received by him being paid into the county fund.
The county council may, with the consent of the Local Government Board, borrow money on the security of the county fund or any of its revenues, for consolidating the debts of the county; purchasing land or buildings; any permanent work or other thing, the cost of which ought to be spread over a term 'of years; making advances in aid of the emigration or colonization of inhabitants of the county; and any purpose for which quarter sessions or the county council are authorized by any act to borrow.
The county council must appoint a finance committee for regulating and controlling the finance of the county, and the council cannot make any order for the payment of money out of the county fund save on the recommendation of that committee.
The payments so made out of " the local taxation account " to a county council are paid to the county fund, and carried to a separate account called " the Exchequer contribution account."
These fees are paid into the county fund, and carried either to " the general county account " or, if they have been received in respect of some matter for which part only of the county is assessed, then to the special account to which the rates levied for that purpose are carried.
The subjects of such transfer include (i.) the making, assessing and levying of county, police, hundred and all rates, and the application and expenditure thereof, and the making of orders for the payment of sums payable out of any such rate, or out of the county stock or county fund, and the preparation and revision of the basis or standard for the county rate.
When a contribution is required from county rate, the county council assess the amount payable by each parish according to the basis previously made, and send their precept to the guardians of the unions comprising the several parishes in the county, the guardians in their turn requiring the overseers of each parish to provide the necessary quota of that parish out of the poor rate, and the sum thus raised goes into the county fund.
The committee are also charged with the duties of appointing or removing the clerk of the peace, and they have jurisdiction in matters relating to justices' clerks, the provision of accommodation for quarter sessions or justices out of session, and the like, and their expenses are paid by the county council out of the county fund.
The entire income of the borough council is paid into the borough fund, and that fund is charged with certain payments, which are specifically set out in the 5th schedule to the act of 1882.
An order of the council for the payment of money out of the borough fund must be signed by three members of the council and countersigned by the town clerk, and any such order may be removed into the king's bench division of the High Court of Justice by writ of certiorari, and may be wholly or partly disallowed or confirmed on the hearing.
The borough fund is derived, in the first instance, from the property of the corporation.
In the event of the borough fund being more than sufficient to meet the demands upon it without recourse to a borough rate, any surplus may be applied in payment of any expenses of the council as a sanitary authority or in improving the borough or any part thereof by drainage, enlargement of streets or otherwise.
Where the borough has a separate commission, the borough justices have power to appoint a clerk, who is now paid by salary, the fees and costs pertaining to his office being paid into the borough fund, out of which his salary is paid.
As a general rule, all the expenses of carrying into execution the Public Health Acts in an urban district fall upon a fund which is called the general district fund, and that fund is provided by means of a rate called the general district rate.
These expenses are payable out of a common fund which is raised out of the poor rate of the several parishes in the district, according to the rateable value of each.
The money may be repaid by equal instalments of principal, or of principal and interest, or by means of a sinking fund.
For the maintenance of the common schools each town is required (since 1905) to raise annually at least fifty-five cents per capita, exclusive of what may be received from other sources, and to this is added the proceeds of a state tax of one and a half mills on a dollar, onehalf the proceeds of the tax on savings banks, a 6% income from the permanent school fund (derived mainly from the sale of school lands), and state appropriations for the payment in part of the superintendence in towns that have united for that purpose.
In 1682 the assembly of West Jersey gave toBurlington "Matinicunk Island," above the town, "for the maintaining of a school for the education of youth"; re venues from a part of the island are still used for the support of the public schools, and the trust fund is one of the oldest for educational purposes in the United States.
The redemption fund is administered by a committee representing the bondholders.
Hackley (1837-1905), a rich lumberman, the city has an endowment fund to the public schools of about $2,000,000; a manual training school, which has an endowment of $600,000, and is one of the few endowed public schools in the United States; a public library, with an endowment of $275,000; a public hospital with a $600,000 endowment; and a poor fund endowment of $300,000.
The mayor holds office for three years, has the powers and jurisdiction of a justice of the peace, appoints the heads of departments (public safety, public works, collector of delinquent taxes, assessors, city treasurer, law, charities and correction, and sinking fund commission), and may remove any of the officers he has appointed, by a written order, showing cause, to the select council.
Irrigation.-Under the Federal Reclamation Fund, established in 1902, $830,000 was allotted to Utah in 1902-9, and $200,000 more in 1910, for the development of the Strawberry Valley project.
Land which belongs or would belong to a child as heir at law or customary heir need not be brought in to the common fund, even though such land was given during the father's life.
In 1908 the total school fund, including state, county, township and special district funds, was about $14,000,000, of which the state fund was nearly one-third.
The basis of its endowment was a fund of $6379 contributed in 1866 by the 62nd and 65th regiments U.S. Colored Infantry upon their discharge from the service; it has agricultural, industrial, sub-normal, normal and collegiate departments.
To an exterior in these early years somewhat heavy and uncouth, he united a manner which, by universal testimony, was irresistibly winning, with a fund of genuine but simple humour and fun that would break out on the most unlikely occasions, and in after years enabled him to overcome difficulties and mellow refractory chiefs when all other methods f ailed.
In1846-1847he accompanied his father to Ireland as distributor of the Friends' relief fund for the famine in Connemara, and the state of the country made a deep impression on him.
To balance the budget, Mr Merriman proposed drastic remedies, including the suspension of the sinking fund, the reduction of salaries of all civil servants, and taxes on incomes of £50 per annum.
The only remedy for this is the abolition of the law of inheritance, and the union of all the instruments of labour in a social fund, which shall be exploited by association.
Of this $30,000 was to found Smith's Agricultural School at Northampton, which opened for instruction in 1908; an income of $10,000 was to be paid to the American Colonization Society, but this society failed to comply with the restrictions imposed by the will, and the $Io,000 was incorporated with the Agricultural School fund; and $360,000 was devoted to indigent boys and girls, indigent young women and indigent wido«s.
The remainder of Smith's property was constituted a contingent fund to defray expenses and keep the principal funds intact.
For the support of the schools there is a school fund,'amounting on the 1st of April 1909 to $5,861,475, and consisting of the moneys derived from the sale of lands donated by the Federal government and of small sums derived from miscellaneous sources.
The fund is administered by a board consisting of the governor, the secretary of state and the state treasurer, and the income from it is apportioned among the counties according to the number of children of school age.
If the total annual fund for a school district amounts to less than $300, the district must levy a special tax to bring the fund up to that sum.
It is significant, if true, that part of the money for chartering his vessel was supplied from the secretservice fund of the United States government.
He offered to the state as an endowment $500,000 (with 200 acres of land) on condition that the state add to this fund the proceeds of the sales of public lands granted to it by the Morrill Act of 1862 for "the endowment, support and maintenance of at least one college, where the leading object shall be.
The actual debt on the 30th of June 1908 was $605,000, which was a permanent school fund.
He offered to relieve the shipping interest by transferring some of the cost of lighting the coasts to the Consolidated Fund; the West Indja interest by sanctioning the refining of sugar in bond; and the landed classes by reducing the malt tax by one-half, and by repealing the old war duty on hops.
The state normal schools are supported largely from the interest ($89,137 in 1908) of a fund ($1,957,230 in 1908) created in 1865 from the sale of swamp and overflowed lands, and from an annual state tax ($230,000 in 008).
In 1907 there were about 960,000 volumes in public township libraries for which a law of 1887 had made provision; since 1895 the formation of such libraries has been mandatory, and books, chosen by the county superintendent, are bought from a fund of io cents for every person of school age in towns, villages and cities of the fourth class.
The total income for schools in1907-1908was $1,773,659, of which $1,379,410 was from the seven-tenths-of-a-mill tax, $200,000 was from licence fees and taxes upon corporations (for salaries of rural school inspectors) and $194,249 the income from the common school fund which in that year amounted to $3,845,929.
In 1689 Presbyterians and Independents had coalesced, agreeing to drop both names and to support a common fund.
The union in the London fund was ruptured in 1693; in course of time differences in the administration of the two funds led to the attaching of the Presbyterian name to theological liberals, though many of the older Unitarian chapels were Independent foundations, and at least half of the Presbyterian chapels (of 1690-1710) are now in the hands of Congregationalists.
The Wolverhampton Chapel case began in 1817, the more important Hewley Fund case in 1830; both were decided against the Unitarians in 1842.
English Unitarian periodical literature begins with Priestley's Theological Repository (1769-1788), and includes the Monthly Repository (1806-1838), The Christian Reformer (1834-1863), the Prospective Review (1845-1854), the National Review (1855-1864), the Theological Review (1864-1879), and now the Hibbert Journal, one of the enterprises of the Ilibbert Trust, founded by Robert Hibbert (1770-1849) and originally designated the Anti-Trinitarian Fund.
He argues that men having no free will have really no desert; therefore the divine equity must ultimately distribute happiness in equal shares to all; therefore I must ultimately increase my own happiness most by conduct that adds most to the general fund which Providence administers.
We observe, however, that Paley's method is often mixed with reasonings that belong to an alien and older manner of thought; as when he supports the claim of the poor to charity by referring to the intention of mankind "when they agreed to a separation of the common fund," or when he infers that monogamy is a part of the divine design from the equal numbers of males and females born.
There is a national reserve fund of about £60,000, but no public debt; nor is there any contribution for either military or naval purposes.
Sagas were printed at Upsala and Copenhagen in the i 7th century, and the Arna-Magnaean fund has been working since 1772.
Although peace brought a more favourable condition of the money market, Dallas's attempt to fund the treasury notes on a satisfactory basis was unsuccessful, but a bill, reported by Calhoun, as chairman of the committee on national currency, for the establishment of a national bank, became law on the 10th of April 1816.
The unique feature of the banking system (with amendments adopted by the second legislature becoming effective on the 11th of June 1909) is a fund for the guaranty of deposits.
The state banking board, which is composed of the governor, lieutenant-governor, president of the board of agriculture, state treasurer and state auditor, levies against the capital stock of each state bank and trust company, organized or existing, under the laws of the state to create a fund equal to 5% of average daily deposits other than the deposits of state funds properly secured.
One-fifth of this fund is payable the first year and one-twentieth each year thereafter; 1% of the increase in average deposits is collected each year.
Emergency assessments, not to exceed 2%, may be made whenever necessary to pay in full the depositors in an insolvent bank; if the guaranty fund is impaired to such a degree that it is not made up by the 2% emergency assessment, the state banking board issues certificates of indebtedness which draw 6% interest and which are paid out of the assessment.
In 1882 the Commissioners of Public Works were given further powers to lend money to fishermen on the recommendation of the inspectors of fisheries; and under an act of 1883 the Land Commission was authorized to pay from time to time such sums, not exceeding in all £250,000, as the Commissioners of Public Works might require, for the creation of a Sea Fishery Fund, such fund to be expended - a sum of about £240,000 has been expended - on the construction and improvement of piers and harbours.
Under the Land Purchase Act 1891, a portion of the Sea Fisheries Fund was reserved for administration by the inspectors of fisheries in non-congested districts.
The ministers are supported by a sustentation fund formed of voluntary contributions, the rents of seats and pews, and the proceeds of the commutation of the Regium Donum made by the commissioners under the Irish Church Act 1869.
By an act of 1844 it was permanently endowed by a grant from the consolidated fund of over £ 26,000 a year.
The administration of this fund was entrusted to a board of commissioners, who were to apply its revenue for the purposes of the act (1) by carrying on a system of public examinations, (2) by awarding exhibitions, prizes and certificates to students, and (3) by the payment of results fees to the manager of schools.
Under the Local Government Act they ceased, and in lieu thereof it was provided that there should be annually paid out of the consolidated fund to the local taxation account a sum equal to the duties collected in Ireland on certain Revenue.
In addition, it was enacted that a fixed sum of £79,000 should be forthcoming annually from the consolidated fund.
The greater part of this was funded under an act of October 1892, and provision was made for a sinking fund, derived mainly from the royalty on phosphate beds.
Two companies brought suit for moneys owed for liquor sold to the state dispensary; the commission resisted the suit on the ground that as a court and as a representative of the state it could not be sued; the circuit court and the circuit court of appeals overruled this plea and put the funds into the hands of a receiver; but in April 1909 this famous cause was closed by the decision of the Federal Supreme Court, upholding the commission and restoring to it the fund.
Though the administration still possessed a fund of tradition and a personnel which, including many men of note, protected it from the enfeebling influence o the court, it looked as though chance regulated everything so far as the government was concerned.
On his seventieth birthday a large sum of money (270,000) was raised by public subscription, of which half was devoted to repurchasing the estate of Schonhausen for him, and the rest was used by him to establish a fund for the assistance of schoolmasters.
In the same year, following the example of Oklahoma, Nebraska passed a law guaranteeing bank deposits from a fund created by an assessment on the basis of total deposits.
There was from the beginning a constant issue of state " warrants " on the general fund, dependent on taxation.
These warrants when issued and presented for payment were paid by the state treasurer, were sold to the permanent school fund, and drew 4% interest until cancelled from the general fund.
In 1909 it received $1,000,000 from the Peabody Fund, later supplemented by $250,000 from the state, $200,000 from the city and $100,000 from Davidson county.
She was associated with Louisa Twining and Florence Nightingale; and in 1877-1878 raised the Turkish compassionate fund for the starving peasantry and fugitives in the Russo-Turkish War (for which she obtained the order of the Medjidieh, a solitary case of its conference on a woman).
But his greatest financial measures were his attempt to fund the French debt and his establishment of annuities under the guarantee of the state.