The exposure was conclusive, and no one since that time has ventured to support a sinking-fund.
Others have reduced the Army, and added to the sinking-fund.
Interest and sinking-fund for the capital involved are reckoned as part of the cost of construction.
In 1899 the provisions for the sinking-fund were also included.
You can just credit the sinking-fund with eight hundred certificates at from seventy-five to eighty.
It is in allusion to this that we have spoken of the sinking-fund as a great hoax.
The remaining $150,000, has been placed in the sinking-fund.
And the certificates for which the check had been purloined were not in the sinking-fund as they should have been.
One way is to establish a sinking-fund which will retire a certain proportion of the bonds by lot each year.
In the recommendation of the Secretary that the sinking-fund law be repealed I concur.
A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.