Such a bill the Lords could not amend; they might indeed reject it; but to reject it was to shake the foundations of public credit and to leave the kingdom defenceless.
If that subscription failed, there would be a deficit; public credit would be shaken; and Montague would be regarded as a pretender who had owed his reputation to a mere run of good luck, and who had tempted chance once too often.
And, of course, there was no such thing as public credit, although there was an immense floating debt.
Public credit, bill to provide for the support of, passed, 122.
He thought it absolutely impossible to provide for the payment of the debts, if the bill was limited to two, three, or four years; such a precarious provision would never tend to the re-establishment of public credit.
The directors of the bank represented to her majesty the prejudice that would undoubtedly accrue to public credit from a change of the ministry.
The domestic economy of the nation was extremely perplexed at this juncture from the sinking of public credit, and the stagnation that necessarily attended a recoinage.
Public credit sustained a terrible shock; the nation was thrown into a dangerous ferment; and nothing was heard but the ravings of grief, disappointment, and despair.
Resolutions touching the Coin and the support of Public Credit.
This ingraftment is said to have been for the support of public credit.
But such was at that time the state of public credit, that it was more convenient for government to borrow two millions at eight per cent.
Some rascally speculators had profited from the funding of the debt at face value, but that was only an incident in the restoration of public credit.
Such a provision for the support of public credit, Hamilton insisted, would satisfy creditors, restore landed property to its former value, and furnish new resources to agriculture and commerce in the form of credit and capital.
The result, after a delay of more than a year, was his Report on Manufactures, another state paper worthy, in closeness of reasoning and keenness of understanding, of a place beside his report on public credit.
XXIII On the 13th of December Hamilton sent to the House of Representatives his second Report on Public Credit--no longer a nomen of bitter sarcasm--and the Report in favour of a National Bank.
XVI Congress reassembled, and on the 2d of January Hamilton sent in his Report on Public Credit.
Every step had been accompanied with growing business, with the advance of public credit, and the steady appreciation of United States notes.
This result affords conclusive evidence of the great resources of this country, and of the wisdom and efficiency of the measures which have been adopted by Congress for the protection of commerce and preservation of public credit.
Public credit, which had sunk so low under the Confederation, had risen to a high standard under the new Government; and a general commercial and agricultural prosperity pervaded the land.
The preservation of public credit, the regular extinguishment of the public debt, and a provision of funds to defray any extraordinary expenses, will of course call for your serious attention.
Industry must be reorganized, justice reestablished, public credit maintained, and order brought out of confusion.
This result affords conclusive evidence of the great resources of this country and of the wisdom and efficiency of the measures which have been adopted by Congress for the protection of commerce and preservation of public credit.
Nevertheless, Hamilton submitted considerations showing that discrimination would be "equally unjust and impolitic, as highly injurious even to the original holders of public securities, as ruinous to public credit.
When Congress met in January, he submitted his celebrated report "On Public Credit," which laid the corner-stone of American finance under the Constitution.
If the whole or any part of that income be saved, so much new capital is generated,--the infallible operation of which is to lower the value of money, and consequently to conduce towards the improvement of public credit.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "public credit" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
