Cot

“ Bunny answered. "We'll bring our blankets out here and sleep in the tent tonight."
"Maybe daddy and mother won't let us, Bunny."
"They won't care," said the little boy. "'Sides, they won't know it. We won't tell 'em. We'll just come out at night, when they've gone to sleep. We can slip down, out of our rooms, with our blankets, and sleep in the tent on the ground, just as we'll have to do in camp. 'Cause we mayn't always have cot beds there. Will you do it, Sue?" ”

“ As the law fixed 3711⁄4 grains of pure silver as a unit, the quantity of gold in a gold dollar would be regulated by the ratio fixed from time to time.
"Now," addressing Mr. Scott, "if I have not read your law right, I want you to say so. This is the place to settle all questions of fact. Your law does not say a gold piece has so many units in it, but instead of that, it does say, the gold pieces are to be of the value of so many units." ”

“ When he became minister, the currency, in addition to copper and silver which were legal tenders for small sums, consisted of bank-notes, secured mainly on the Scottish principle of the double liability of shareholders. ”

“ No separate or distinct account, known or described as "Cotton Tax Fund," or otherwise designated as a separate fund or account, was ever kept on the books of the Treasury Department. The moneys derived from the tax on cotton were deposited in the general fund of the Treasury as receipts from internal revenue and expended for the support of the Government and payment of interest on the public debt, as the law provided. ”

“ Costel, m. (popular) , prostitute’s bully, “ponce.” See Poisson.
Costume, m. (theatrical) , faire un ——, to applaud an actor directly he makes his appearance on the stage.
Cote, f. (lawyers’) , stolen goods or money; (sporting) the betting. Frère de la ——, stockbroker’s clerk. Play on Côte, which see. La —— G., purloining of articles of small value by notaries’ clerks when making an inventory. Literally, la cote j’ai.
Côte, f. (thieves’) , de bœuf, sword. Frère de la ——, see Bande noire. (Familiar) Etre à la ——, to be in needy circumstances, “hard up.” ”

“ Said corporation is formed for the purpose of conducting a general cotton business, and may buy and sell cotton, and may transact a cotton factorage business, may advance money or supplies for the purpose of controlling shipments of cotton, may take and receive mortgages or deeds of trust upon property to secure said advances, and generally may have all powers conferred by chapter 25 of the Annotated Code of 1892 necessary and requisite to carry out the purpose of said corporation. ”

“ On the line just preceding the formal investment entry for each of the partners, use the following—or similar—phraseology: “C. Allen Cotten made the following investment.” A separate investment entry is made for each partner. [Pg 559]
These entries are to be made complete in the general journal and posted immediately, except the several cash items, which, included in the totals of the cash book, will be posted at the end of the month. These cash items will therefore be checked both in the journal and in the cash book, where they must be entered in the “General Ledger” and “Net Cash” columns. ”

“ Looking at the amount of notes current in Scotland, below the value of five pounds, and comparing it with the total amount of the paper currency of that country, it is very difficult to foresee the consequences of a law which should prohibit the future issue of notes constituting so large a proportion of the whole circulation. ”

“ COTTER, PATRICK (1761?–1806) , Irish giant, was born at Kinsale, co. Cork, in or about 1761, of poor parents of ordinary stature. He was brought up as a bricklayer, but at the age of eighteen was hired by a showman for exhibition in England for the sum of 50l. for three years. Soon after his arrival at Bristol, owing to a disagreement with his master, he was thrown into the debtors' prison for a fictitious debt. Upon his release he established himself at the Bristol fair, and earned 30l. ”

“ Permit to state what. and every collector to whom any tax upon cotton shall be paid shall mark the bales or other packages upon which the tax shall have been paid, in such manner as may clearly indicate the payment thereof, and shall give to the owner or other person having charge of such cotton a permit For the removal of the same, stating therein the amount and payment of the tax, the time and place of payment, and the weight and marks upon the bales and packages, so that the same may be fully identified ”

“ No power on earth dares to make war upon it. Cotton is king. Until lately the Bank of England was king, but she tried to put her screws as usual, the fall before last, upon the cotton crop, and was utterly vanquished. The last power has been conquered. ”

“ Cotton, 185, 259-60, 267-9, 270, 275-6, 282, 284, 291-2, 296-304, 306, 308, 321-5, 345, 366, 373, 379-80; speculation, see Bank of the United States of Penn.; regulator of exchanges, 303.
Counterfeiting, 17, 18, 35, 67, 92-3, 106-7, 187, 274, 347, 357, 361, 418, 437, 455. ”

“ I have trod merry England, and dwelt on its charms;
I have wandered through Erin, that gem of the sea;
But the Highlands alone the true Scottish heart warms,
For her heather is blooming, her eagles are free. ”

“ My Lord Keeper, I must beg you for your suggestions."
"Sir," said Somers, shifting and coughing, "it is as you say. The question is of great moment. I should suggest a decree that the old coin shall pass by weight alone and not by its face value. Call in all the coin and have it weighed, the government to make future payment to the owner of the coin of the difference between its nominal and its real value. The coin itself should be restored forthwith to its owner. Hence the trade and the credit of the realm would not suffer. ”

“ St., is as follows: 'The value of foreign coin, as expressed in the money of account of the United States, shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the director of the mint, and be proclaimed on the first day of January by the secretary of the treasury.'
The value of foreign coins, as ascertained by the estimate of the director of the mint and proclaimed by the secretary of the treasury, is conclusive upon custom-house officers and importers. ”

“ For this reason, according to his own account, proceeding upon an act of the convention now sitting, he ordained the old coin to be brought to the cunyie-house, where it would be ‘clippit, and put in ane close lockit coffer upon the count and inventar of the quantity receivit frae every person;’ and meanwhile the lately issued genuine placks and lions were to have currency at twopence and a penny apiece respectively—that is, at denominations above their value. Any one hereafter possessing the false coin, was to be punished as an out-putter of false money. ”

“ April 8, 1898—"The truth is, we buy only with gold coin, to which alone the name of money ought to be applied. No bank note, treasury note or paper certificate, in any form or by whomsoever issued, is more than an instrument of credit. ”

“ First, those who have a place of business where credits are opened by the deposit or collection of money or currency subject to be paid or remitted upon draft, check, or order; second, those having a place of business where money is advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissory notes; third, those having a place of business where stocks, bonds, bullion, bills of exchange, or promissory notes are received for discount or for sale. ”

“ To make a note solvent, and suitable for circulation as money, it is only necessary that it should be made payable in coin on demand, and be issued by a person, or persons, who are known to have in their hands abundant material property, that can be taken by law, and applied to the payment of the note, with all costs and damages for non-payment on demand.
Theoretically, I repeat, all the material property in the country, that can be taken by law, and applied to the payment of debt can be used as banking capital; and be represented by promissory notes, made payable in coin on demand. ”

“ The Regent tried to adjust matters by a decree that coin should be five per cent. less than paper; as much as to say, It is hereby enacted that there is a great deal more coin than there is! This did not serve, and the Regent decreed again, that coin should be worth ten per cent. less than paper. Then he decreed that the bank must not pay more than $22 at once in specie; and, finally, by a bold stretch of his authority, he issued an edict that no person should have over $100 in coin, on pain of fine and confiscation. ”

“ But such certificates are not the only form of representative paper money, nor the most important. The history of banking shows that the depositaries of metallic money soon learned that under normal conditions coin would not be demanded at any one time for the full amount of the outstanding notes or certificates, and that a considerably larger sum could be kept in circulation than the metallic reserve. They began, therefore, to issue notes in excess of the reserve without infringing upon the characteristics of convertibility in coin on demand. ”

“ Now, gentlemen, the stocking that contained the gold coins, was kept in a bureau, which bureau was saved from the fire, with all its contents: but the stocking and the gold were missing! These facts will be shown to you by proof that puts them beyond a peradventure. We shall next show to you, gentlemen, that on a public examination of the prisoner at the bar, the contents of her purse were laid open, and the Dutch or Italian coin I have mentioned was found, along with more than a hundred dollars of other pieces, which being in American coin, cannot so readily be identified. ”

“ Parbleu! if you have your bill here, we'll settle the whole thing together; I ask nothing better."
"It will be an accommodation to me, especially as you don't come to see us any more, doctor; you've taken your custom away from us; that's all wrong."
"Not at all; but when I moved into another quarter——"
"Here's my bill; it amounts to a hundred and thirty-two francs."
"Very good; a hundred and fifty and a hundred and thirty-two; that makes two hundred and eighty-two in all.—My dear Charles, do me the favor to take that amount from my safe." ”

“ And it shall be the duty of the said agents, respectively, to transmit, before the end of each quarter, to the register of the treasury, and to the several commissioners of loans, respectively, triplicate abstracts of the certificates of stocks subscribed, and of the new certificates issued by them, during such quarter, in order that the proper credits may be entered on the books of the treasury, and of the commissioners of loans, as the case may be, to the holders of such new certificates. ”

“ A second scheme advocates the adoption of the farthing a:s the unit of value, and its coins of account would be the farthing, the cent or doit = 10 farthings, the florin =10 cents or doits, the pound = 10 florins. The coins required for circulation would probably be in copper, the farthing, the halfpenny, the penny ; in silver, the cent or doit = 2|d., the 2-cent piece or groat = 5d., the shilling = 12|d., and the florin = 25d. ; in gold, the half-sovereign = 10s. ”

“ Not a copper farthing of the nation's money is spent or hoarded that is not ordered by a note, proved by vouchers, produced and re-produced on balance-sheets, and receipted for when paid; orders and receipts are registered on the rolls, and checked and verified by an army of men in spectacles. ”

“ So soon as confidence is established with the public, they grant credits, or cash accompts, upon good security; concerning which they make the proper regulations. In proportion to the notes issued in consequence of those credits, they provide a sum of coin, such as they judge to be sufficient to answer such notes as shall return upon them for payment. Nothing but experience can enable them to determine the proportion between the coin to be kept in their coffers, and the paper in circulation. ”

“ In the first class, the 'owner or holder,' &c., shall have a right to receive and recover so much current money as will purchase a good bill of exchange of the same time of payment, and upon the same place, at the current exchange of such bills, and also fifteen per cent. damages upon the value of the principal sum mentioned in such bill, and costs of protest, together with legal interest upon the value of the principal sum mentioned in such bill, from the time of protest, until the principal and damages are paid and satisfied. ”

“ Securities of whatever nature may be issued in lieu of money on the credit of the said Colony, or whereby any Government paper currency may be established therein, or whereby any such Bills, or any other paper currency, or any coin, save only the Legal Coin of the Realm may be made or declared to be a legal tender, without special permission, from Us in that behalf first obtained. ”

“ The same thing exchanges for a greater quantity of some commodities, and for a very small quantity of others. A coat may exchange for less bread this year than last, if the harvest has been bad, but for more glass or iron, if a tax has been taken off those commodities, or an improvement made in their manufacture. Has the value of the coat, under these circumstances, fallen or risen? It is impossible to say: all that can be said is, that it has fallen in relation to one thing, and risen in respect to another. ”

“ Intrinsic value exists in gold and silver, as well before as after it is fabricated and stamped as coin, which shows conclusively that the principal discretion vested in Congress under that clause of the Constitution consists in the power to determine the denomination, fineness, or value and description of the coins to be struck, and the relative proportion of gold or silver, whether standard or pure, and the proportion of alloy to be used in minting the coins, and to prescribe the mode in which the intended object of the grant shall be accomplished and carried into practical effect. ”