sinking-fund

Do you really think that he had purchased sixty thousand dollars more of certificates for the sinking-fund, and that he was entitled to the money?

The Financier 2004

It was shown in the trial that as a matter of policy it was understood that purchases for the sinking-fund should not be known or understood in the market or by the public in that light, and that Mr. Cowperwood as agent was to have an absolutely free hand in the disposal of his assets and liabilities so long as the ultimate result was satisfactory.

The Financier 2004

Since their purchase in the morning, he had not deposited them in the sinking-fund, where they belonged (they had been delivered to his office by half past one in the afternoon), but, on the contrary, had immediately hypothecated them to cover another loan.

The Financier 2004

And the certificates for which the check had been purloined were not in the sinking-fund as they should have been.

The Financier 2004

In all likelihood Stener would not think to ask whether the certificates were in the sinking-fund or not.

The Financier 2004

Cowperwood was referring to the system under which certain portions of city money, like the sinking-fund, were permitted to be kept in certain banks at a low rate of interest or no rate — banks in which Mollenhauer and Butler and Simpson were interested.

The Financier 2004

So several days after he had closed his doors, he sent for Steger and told him all about the transaction, except that he did not make it clear that he had not intended to put the certificates in the sinking-fund unless he survived quite comfortably.

The Financier 2004

The matter of depositing city loan certificates in the sinking-fund, when purchased for the city, was something to which he never gave any personal attention whatsoever.

The Financier 2004

To be very exact, the city treasurer, under the law, was not supposed to pay him for any transaction of this kind until he or his agents presented a voucher from the bank or other organization carrying the sinking-fund for the city showing that the certificates so purchased had actually been deposited there.

The Financier 2004

The best answer to that is that if he did purchase the certificates he intended that it should make no difference to the city, for he made no effort to put the certificates in the sinking-fund, where they belonged.

The Financier 2004