Author: Peleg Sprague

Publisher: Forgotten Books

Published: 2015-07-08

Total Pages: 498

ISBN-13: 9781330970508

Excerpt from Speeches and Addresses, Vol. 10 One-third of the principal bore no interest for ten years. Sim ple interest for that time on one-third of a thousand dollars, amounted to two hundred dollars more, making the loss four hun dred dollars. Simple interest upon this sum, for thirty years, exceeds seven hundred dollars, which, added to the four hundred, makes the loss which the holder of paper to the amount of one thousand dollars has suffered, by the mode and time of payment adopted by the Government, to exceed eleven hundred dollars so that the sum which we withheld, out of that which we had solemnly promised in writing, with Simple interest only, is now more than the original amount of the debt. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.