 | Henry Carter Adams - 1887 - 436 pages
...will furnish an incontrovertible argument in favor of the policy which the United States has adopted : The payment of the principal of a debt tends neither...cripple the productive capacity of any people. The two parts of this proposition should receive separate attention, and we are led first to inquire if... | |
 | Henry Carter Adams - 1887 - 436 pages
...development ; 1 Cf. "National Debts," by R. Dudly Baxter, p. 65; and "Fcnn on the Funds," p. 486. but, cm the other hand, the maintenance of the principal and...cripple the productive capacity of any people. The two parts of this proposition should receive separate attention, and we are led first to inquire if... | |
 | Henry Carter Adams - 1887 - 436 pages
...will furnish an incontrovertible argument in favor of the policy which the United States has adopted : The payment of the principal of a debt tends neither...impoverish a nation nor to retard its material development ; 1 Cf. "National Debts," by R. Dudly Baxter, p. 65; and "Fcnn on the Funds," p. 436. tut, on the other... | |
 | Henry Carter Adams - 1898 - 604 pages
...payment.* * This argument in favor of debt payment is taken from my treatise on Public Debts, pp. 243-5. The payment of the principal of a debt tends neither...cripple the productive capacity of any people. The two parts of this proposition should receive separate attention, and we are led first to inquire if... | |
 | Charles Jesse Bullock - 1906 - 700 pages
...will furnish an incontrovertible argument in favor of the policy which the United States has adopted : The payment of the principal of a debt tends neither...cripple the productive capacity of any people. The two parts of this proposition should receive separate attention, and we are led first to inquire if... | |
 | Charles Jesse Bullock - 1906 - 698 pages
...will furnish an incontrovertible argument in favor of the policy which the United States has adopted : The payment of the principal of a debt tends neither...cripple the productive capacity of any people. The two parts of this proposition should receive separate attention, and we are led first to inquire if... | |
 | Harley Leist Lutz - 1924 - 750 pages
...desirable. Adams' proposition appears to us eminently sound. He says:2 The payment of the principal of the debt tends neither to impoverish a nation nor to retard...to cripple the productive capacity of any people. In the light of this clear-headed statement, such doctrines as were advocated by Jay Cooke during the... | |
 | Harley Leist Lutz - 1924 - 704 pages
...desirable. Adams' proposition appears to us eminently sound. He says : 2 The payment of the principal of the debt tends neither to impoverish a nation nor to retard...to cripple the productive capacity of any people. In the light of this clear-headed statement, such doctrines as were advocated by Jay Cooke during the... | |
 | George William Edwards - 1926 - 392 pages
...investor. The argument in favor of the policy of debt payment is well stated by HC Adams as follows: "The payment of the principal of a debt tends neither...to cripple the productive capacity of any people." 8 Redemption Funds. — Public obligations may be terminated either by the method of redemption or... | |
 | S. Howard Patterson, Karl William Henry Scholz - 1927 - 640 pages
...principal of debt tends neither to impoverish a nation nor to retard its material development " while "the maintenance of the principal and the constant...interest tend to cripple the productive capacity of a people." We have noted the extent to which preferential treatment is accorded the creditors of various... | |
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The payment of the principal of a debt tends neither to impoverish a nation nor to retard its material development ; but, on the other hand, the maintenance of the principal and the constant payment of accruing interest tend to cripple the productive... 
