Sentence Examples:
There was a hard struggle at first to make both ends meet, and an annual deficit for many years, which was made up by the stockholders, but at last the "kitchen" became so popular that it began to pay dividends, and the stock has since been watered four times, until it now pays what is equivalent to twenty-four per cent annually upon the original investment, with a surplus larger than the capital on which it was started.
As his deficits had not been made by daylight, so daylight must have nothing to do in wiping them out; and hence darkness became more congenial than its reverse to all his plans, and he studied, as he thought, with singular success, the various tricks of blinding people to the state of his finances, as well as of bettering it.
The progress of New France, as reported in these dispatches from Quebec, with their figures of slow growth in population, of poor crops, and of failing trade, of Indian troubles and dangers from the English, of privations at times and of deficits always, must often have dampened the royal hopes.
This position he had passionately desired on religious grounds; but in truth he might well have desired it on economical grounds also, for he had begun to experience the difficulty and expensiveness, as well as the loneliness, of bachelor housekeeping, and financial deficit was evidently before him.
A good deal more than a year ago, before anything was known of Lydgate's skill, the judgments on it had naturally been divided, depending on a sense of likelihood, situated perhaps in the pit of the stomach or in the pineal gland, and differing in its verdicts, but not the less valuable as a guide in the total deficit of evidence.
It must disappear if the ameliorative measures which are long overdue in Ireland are undertaken by an Irish Parliament; and previous experience has already illustrated that even without the adoption of any such new schemes surpluses would long ago have made room for deficits.
The deficit was inconsiderable, some two rubles in all, and the good Finn was magnanimous; he slapped his passenger on the shoulder, called him a "good comrade," declared that he would not press a poor man, and would always be ready to do him a service.
I told them that I would do my best for them, but that for the months of June, July and August this might amount to nothing; that I was not allowed, and ought not to be, to use the resources of the new year to meet any deficits from the old one, and that I was under solemn pledge to one of our chief benefactors never to let the mission run in debt.
All instinctive acts have back of them either a tension or a deficit of some kind or other, brought about by the awakening of function of some glandular structure, so that the organism becomes ready to respond to some appropriate outside stimulus and inaccessible to others.
The crops were most disappointing this year, and the King's tenants were wholly unable to pay their rents; and it had been thought wiser to make up the deficit from ecclesiastical wealth rather than to exasperate the Commons by a direct call upon their resources.
Fiscal reforms requiring constitutional amendments are stalled in the Brazilian legislature; in their absence, the government is continuing to run deficits and has limited room to relax its interest and exchange rate policies much if it wants to keep inflation under control.
Putting one thing with another, I should say that we are something over a fresh million of dollars on the wrong side of solvency for these little antics of mine, and I'm adding to the deficit by the hundred thousand every time I can get a chance to dictate a letter.
Collectors of both secular and religious tribute sent reports directly to the king, and if there was any deficit in the supply which was expected from a collector he had to make it up himself; but the king was always ready to listen to and investigate a complaint and to enforce the payment of tribute or taxes so that the loss should not fall upon the collector.
He had a good private income, but his wife understood the art of enjoying life, and so a deficit in the yearly accounts of the young couple became the rule, without causing the lively lady to check her noble passion in the least on that account; she kept horses and carriages, rode with the greatest boldness, had her box at the opera, and gave beautiful little suppers, which at that time was the highest aim of a Viennese woman of her class.
Not only do the small taxpayers oppose the government going into debt, but as taxpayers they are responsible for all deficiencies, and they want only such governmental enterprises as both produce a surplus and a sufficient one to pay the deficits of the nonproductive departments of government.
And yet you are thought an enterprising people, and, what is more to the point, your treasury shows an annual surplus, while ours shows an annual deficit; and you have nearly twice our population, have you not, and more than ten times our area of territory?
The State requires a taxpaying machine in which there is no hitch, an exchequer in which there is never a deficit, and a public, monotonous, obedient, colorless, spiritless, moving humbly like a flock of sheep along a straight high road between two walls.
The lands granted are the odd numbered sections within six miles of the line; and if any such sections are sold or pre-empted, then the company has the right to select other sections outside of the six miles and within fifteen miles of the road, to make up such deficit.
Children of drunkards make temperance fanatics; and those who have a shiftless father stand a better chance of developing into financiers than if they had a parent who would set them up in business, stand between them and danger, and meet the deficit.
The deficit is procured by the growth and spinning of cotton, for which corn could not be substituted from the nature of the soil, or, were it attempted, would produce but a small proportion of the quantity which the cotton raised on the same fields and spun into thread, enables the Maltese to purchase, not to mention that the substitution of grain for cotton would leave half of the inhabitants without employment.
Then I found myself nodding soberly in agreement over witty but forceful arguments about the need to balance the budget and restore fiscal responsibility to government an argument that could have keen made yesterday, except that the deficits quoted were only in the millions, not the billions.
In addition to the burdens imposed by high inflation and persistent trade deficits, businesses have been subject to pressure on the part of central and local governments, e.g., arbitrary changes in regulations, numerous rigorous inspections, retroactive application of new business regulations, and arrests of "disruptive" businessmen and factory owners.
I think I should like to act with my sister during this month, in order to secure their salaries to the actors, to make up the deficit which now lies at the door of my father's management, to put a good benefit into his poor pocket, to give rather a more cheerful ending to my sister's theatrical career, and, though last, not least, for the pleasure and fun of acting with her.
Keeping the Corps' accounts only takes two hours and a half, even with Belgian and English money mixed, and when I've added the same column of figures ten times up and ten times down, to make certain it's all right (I am no good at accounts, but I know my weakness and guard against it, giving the Corps the benefit of every doubt and making good every deficit out of my private purse).
The money is in all probability spent long before the result of the venture is ascertained; and the author would be greatly surprised and greatly indignant, if it were hinted to him, even in the most delicate way, that the publisher having lost money by his book, would be obliged to him if he would make good a portion of the deficit by sending a check upon his bankers.
The comptroller was appointed by the government upon the supposition that he was conversant with the details of finance; but he was only a mediocre financier and was not aware of the deficit in the finances, until the conscience-stricken defalcating officer acknowledged his defalcation.
Certain funds are ear-marked for its use, and its deficits, if any, will be met by contributions, in certain fixed proportions, from the treasuries of the two colonies; while its surplus, if it is ever fortunate enough to have one, will be divided, in whole or in part, between the two colonies, going as a matter of fact to assist in meeting the charges of the War Debt.
If, then, these two hundred francs, instead of being subtracted from the gross product to be saved and capitalized, are consumed, there is an annual deficit of two hundred francs in the family assets; so that at the end of forty years these good people, without suspecting it, will have eaten up their property and become bankrupt!
And finally, when the worshipful commission of burghers who understood about as much of finance as a hen does of the alphabet, summed up the results of the revision, they gave out, that in spite of all efforts to make them balance, there was a deficit amounting to eighty-six thousand gulden, for which it was impossible to account.
If not, then he would refer the postmaster general to a letter written by General Hunter, the lieutenant governor in 1800, which contained an undertaking on the part of the lieutenant governor that, in case there was a deficit, the amount of the shortage would be made good either from the contingencies of the province, or by a vote of the legislature.
On the adoption by the legislatures of the several bills, which were identical in form, the postmaster general would relinquish the powers he had until that time exercised over the revenues of the provincial system, and allow the surplus, if any should arise, to be distributed among the provinces, leaving it also with them to make up the deficit in case the expenditure exceeded the revenue.
At the periodic auctions of titles of nobility, the receipts of which were added to the colonial contributions and were intended to meet a certain deficit in the Spanish treasury, not a purchaser appeared and there was not a single herder of the pampas nor a single rich smuggler who would bid.
For a long series of years preceding the declaration of national insolvency in 1893 successive budgets presented a deficit, which in years of political excitement and military activity assumed enormous proportions: the shortcomings of the budget were supplied by the proceeds of foreign loans, or by means of advances obtained in the country at a high rate of interest.
The most culpable blunder of the Whigs had been that of allowing the revenue to fall below the expenses; and the policy they had proposed for making up the deficit was too much like that halfhearted way of dealing with slavery which brought ruin upon the party of the same name in America.
This large amount of taxes is collected and applied by the general government in payment of interest due from railroad companies, because the influence of congressmen and their friends, in these companies, was sufficiently powerful to override constitutional barriers, and to procure the passage of an act enabling the parties holding the stock to pocket the earnings of their roads and make good the deficit in their interest account by taxing the people.
Recalling the fact that the line never had been a profitable one, and that there was no further reason why it should be continued in operation with an annual deficit, the recommendation was made by the chairman and the chief engineer that the ships should be disposed of and the line discontinued.
Day after day he had noticed the diminishing number of cows on his sections, which was ideally created by nature to hide such a deficit, but from now on it would require all his cleverness and luck to hide the losses, and he would be so busy shifting cattle that the rustling would have to ease up.
Thus, when it became necessary to make up for the deficit in these neighborly exports by the opening up of fresh markets and by catering for the overseas demand, one of the first means to be taken in hand towards attaining this end was a yet more close attention to the question of a quality of meat suitable for European consumption.
For although in times of peace and usual harvests international food exchanges enable a country, such as England or Belgium, highly industrialized and of large population in proportion to area, to make up without much difficulty its deficit as between production and consumption, the moment the great emergency arrives there is the utmost danger for its people.
In reality this deficit was far greater, because fresh expenditure was necessitated by the construction and repairs of telegraphic lines, and certain purely nominal receipts, arising from the franking of official correspondence, were put on the credit account.
The true cause is the necessities of the Government; determined either by factors beyond the range of debate, such, for example, as the eventuality of a foreign war, or by less justifiable reasons, such as deficits in the budget and reckless issues of paper.
The reader must remember that, if the mark remains at its present exchange value long enough for internal values to adjust themselves to that rate, the items in the following account, the income and the outgoings and the deficit, will all tend to be multiplied threefold.
Against this were the items of one thousand dollars for personal expenses, five hundred dollars for store-rent, seven hundred dollars for clerk and porter, and for petty and contingent expenses two hundred dollars; leaving the uncomfortable deficit of seventeen hundred dollars, which stood against him in the form of bills payable for sales effected, and small notes of accommodation borrowed from his friends.
The real state of the case will be just this, that our recent commercial policy and its attendant experiments have landed us in a deficit of some five and a half millions, which, on the whole, in the opinion of the Chancellor of the Exchequer, may be most conveniently supplied by a New Act authorizing the direct taxation of Property and Income, on the same terms as before, for a certain period of years.
Inasmuch as the clear income of Mexico in 1849, was not calculated at more than five millions five hundred and forty thousand one hundred and twelve dollars, while the expenses were rated at thirteen millions seven hundred and sixty-five thousand four hundred and thirty-five dollars, there would necessarily be an annual deficit, in the mere current finances, of eight millions two hundred and twenty-five thousand three hundred and twenty-three dollars.
It will be perceived that this last phrase, which covers revenues from which operating expenses and taxes have been deducted and to which the net revenues from outside operations (sometimes they involve a deficit) have been added, comes perilously near the "Income from operation" of preceding reports.
The great and increasing apprehension and timidity in business circles and the depression in all activities intervening since that time, resulting from causes perfectly well understood and entirely disconnected with our tariff law or its operation, seriously checked the imports we would have otherwise received and readily account for the difference between this estimate of the Secretary and the actual deficiency, as well as for a continued deficit.
The income of the Philippine Government has necessarily been reduced by reason of the business and agricultural depression in the islands, and the Government has been obliged to exercise great economy to cut down its expenses, to reduce salaries, and in every way to avoid a deficit.
This declaration imposes upon the Secretary of the Treasury the duty of assembling all the estimates of the Executive Departments, bureaus, and offices, of the expenditures necessary in the ensuing fiscal year, and of making an estimate of the revenues of the Government for the same period; and if a probable deficit is thus shown, it is made the duty of the President to recommend the method by which such deficit can be met.
If special interests, too often selfish, always uninformed of the national needs as a whole, with hired agents using their proposed beneficiaries as engines of propaganda, are permitted to influence the withdrawal of their property from taxation, we shall have a law that is unbalanced and unjust, bad for business, bad for the country, probably resulting in a deficit, with disastrous financial Consequences.
I have, therefore, instituted systematic, voluntary measures of cooperation with the business institutions and with State and municipal authorities to make certain that fundamental businesses of the country shall continue as usual, that wages and therefore consuming power shall not be reduced, and that a special effort shall be made to expand construction work in order to assist in equalizing other deficits in employment.
The use of their diplomatic representations, of the propaganda voyages of their most modern ships and vessels, of sending missions and also of the guaranteeing of loans and insurance against deficits, are not merely to gain commercially advantageous orders for their armament industries, but first and foremost, to expand their output from the point of view of military policy.
In his opinion, an income tax, in the condition of the native feeling, was likely to revive dangerous discontent; further than this, he argued in successive despatches to Calcutta that, as the Mutiny was over, the proper way of meeting the deficit was by a reduction not only of the English reinforcements, but also by disbanding many of the new native regiments which had been hastily and temporarily raised during the crisis.
To follow on with so large a deficit was not encouraging; but the wicket was still everything to be desired in pace and quality, and I made up my mind to play a fast game, knowing that the bowler could get little or no work on the ball, and that any attempt to play carefully for a draw would be useless.
Having, unfortunately for my plans, but quite unavoidably, made use of part of the money to leave things tolerably comfortable in the Bush, I waited anxiously till the deficit could be made up, which I fully hoped would soon be the case, a work of mine, in fifteen parts, having been forwarded to a publisher in New York, with a view to publication if approved of.
With this in their hand, they could compel him to convey his property as a security to them, and to receive deputies of their appointment, who should apply all the future emoluments of the collector, or a given part of them, towards making up the deficit.
Now, considering the enormous margin for improvement before us, I contend that we should not be satisfied with this rate of intellectual progress, involving as it does an annual deficit of four million tons to be met by increased coal production, but that we should bring our intellectual progress up to the rate of our industrial progress, by which means we should make the coal production nearly a constant quantity for several generations to come.
Hitchcock and his dominating purpose, whether ulterior or other, in attacking a special class or division of periodical publications in order to recoup a deficit created wholly by the rural delivery service and by the free (franked and penalty), service rendered by his department.
It is clearly inequitable that the public in its general correspondence, the publishers of books and pamphlets, and the senders of small merchandise should continue to be taxed to meet the deficit caused by a subsidy enjoyed by the publishers of the large magazines.
On the contrary, on each of three plantations which he farmed he kept one crib of corn always set apart for free distribution among the poor, and never let this fail, even if he had to rob his own table supply or to buy corn at a dollar a bushel to make up a deficit.
Gradually Brazil has reversed this state of things; instead of a heavy deficit, she now has a steadily increasing surplus, has been able to reduce the rate of interest on part of her foreign debt, is slowly reducing its capital, and is in a position to compete in the money market of London with the most favored European governments.
It was, indeed, all the large sums which had been swallowed up, and the small amounts which were still being daily abstracted and thus increasing the deficit, that embittered her, as though therein lay the ferment in which her honesty had rotted away.
In all these things the monarchs have sought to release the farmers from many oppressions and injuries, and to prevent the losses and deficits which otherwise, for most of the vassals, are caused by caring for the interests and profits of a few individuals.
Recent statistics have shown that women, though always numerically superior in the society, have supplied a comparatively small number of both officers and ministers, and of clerks relatively none, and that, moreover, this deficit is gradually increasing, and is not made good by any sufficiently compensating output of public work outside the society.
"Then you found it one of your assets as a public man, just as some other men in public life have found a reputation for coldness a deficit, so to speak," observed the chairman of the reception committee, an older and a more experienced man than the first questioner.
And indeed it was needful that mayors, bailiffs and the like should be moneyed men, for their responsibilities were great and the turns of fortune curious, for should any source of revenue fail, they were compelled to make up the deficit, and hence were poorer men at the year's end than at the beginning.
Considering the immense expenditures for buildings, for policing and other incidentals of the meet, it may be readily inferred that there was an ample deficit, and that the air men as a whole were much better rewarded than some of the sportsmen who gave so much time and labor to the organization of the tournament.
It is required that everything valuable shall be registered free when returned to the owners; but if for any reason it cannot be delivered to the rightful owner, it is held in the Department subject to the owners control for four years, and after that time it is conveyed to the Treasury, and goes towards decreasing the annual deficit in the Post Office Department.
Considering the low value of silver and the great margin between the respective prices of bullion and the rupee, would not Government by manufacturing rupees for itself make sufficient profit to meet at least a substantial portion of the present deficit?
We can thus understand, to some extent, though only approximately, why it is that the oak must year by year produce thousands of seeds in order that the species may maintain its normal number, and not be exterminated; for it is obvious that a constant, even though slow diminution of the normal number, a regular deficit, so to speak, can end in nothing else than the gradual extinction of the species.
Should it meet with your approval, we doubt not that a vigorous carrying out of the same will soon have the effect of doing away with the deficit, and of leading the country, on the basis of social equality, to unimagined heights of prosperity and happiness, proportionate to the degree in which, in the course of time, it shakes off and triumphs over the demoralizing effects of a former state of society.
This vast deficit teaches us plainly enough that the man of private enterprise was no plunderer, and no superfluous drone, and that even painstaking labor, when not conducted in an intelligent manner, may turn out to be but a mere waste of force and of material.
Soldiers and adherents are trained to give according to their ability towards the upkeep of their respective corps; but when the best that may be is done in this direction, there is, in most cases, a considerable deficit remaining which must be met by public contribution.
John Hackett, the farmer, after five long years of bad seasons, borne with a brave heart, had at last been overthrown by the sixth, and had the bailiffs actually in the house when the good vicar had rushed in, waving a note above his head, to tell him not only that his deficit had been made up, but that enough remained over to provide the improved machinery which would enable him to hold his own for the future.
The center-right government's economic goals include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries.
Nor must it be forgotten that however much such loans may temporarily relieve the situation, the Government is still indebted for the amount of the surplus thus accrued, which it must ultimately pay, while its ability to pay is not strengthened, but weakened by a continued deficit.
Prior to that time the government had covered its military deficits with money obtained from loan associations known as "credit companies," which flourished in the larger towns and which did business at an interest rate that fluctuated between five and ten per cent a month.