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.
In 1820 he contributed to the supplement of the Encyclopaedia Britannica (6th ed.) an "Essay on the Funding System."
When we first accepted Mr. Cooms' generous funding, we established this secure connection in case he ever had a need to contact us.
He also took a leading part in the senate in securing the passage of laws for funding the national debt, assuming the state debts and establishing a United States bank.
The operation of funding was too difficult to be suddenly accomplished, and Necker rather pointed out the right line to be followed than completed the operation.
I'm offering you full funding for your endeavor; secure operating quarters, any place of your choice, sizeable salaries for all of you involved and a gift of stock to each that will assure a lifetime income from dividends.
He always wanted to bike in the mountains but we had trouble enough funding two weeks vacation on the Jersey shore with the Rileys.
Under the provisions of the funding loan of 1898 a scheme for the withdrawal of the paper money was carried into effect, and by the end of December 1906 the amount in circulation had been reduced from 788,364,614 2-milreis (the outstanding circulation 31st August 1898) to 664,792,960 2-milreis.
The American firm assisted in funding the national debt at the time of the resumption of specie payments, and the London house were fiscal agents of the United States government in 1873-1884, and as such received the $15,50o,000 awarded by the Geneva Arbitration Court in settlement of the "Alabama Claims" against Great Britain.
After the close of the war efforts were first directed to clearing the financial situation by funding the floating debt, and taking steps (never fully consummated) towards contracting the currency.
2 Including, besides the ordinary budget, the outlays in payment of annuities, in funding and discharging debt, in railway extension, &c.
Madison now opposed Hamilton's measures for the funding of the debt, the assumption of state debts, and the establishment of a National Bank, and on other questions he sided more and more with the opposition, gradually assuming its leadership in the House of Representatives and labouring to confine the powers of the national government within the narrowest possible limits; his most important argument against Hamilton's Bank was that the constitution did not provide for it explicitly, and could not properly be construed into permitting its creation.
Ten years later, when the currency had fallen to 51 pence per milreis, the government found itself unable to meet the interest obligations on its debt and railway guarantees, and an arrangement was made with its creditors in London for the issue of a 5% funding loan to an amount not to exceed £10,000,000, and the suspension of all amortization for thirteen years.
Funding loan of 1898.
Jefferson merely had exaggerated fears of a moneyed political engine, and seeing that Hamilton's measures of funding and assumption did make the national debt politically useful to the Federalists in the beginning he concluded that they would seek to fasten the debt on the country for ever.
