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Furthermore, many travelers started their journey with sufficient funds to pay their way, but were overcharged, so that they arrived with a debt to settle, and therefore, they had to be redeemed. If the ship needed to sail back to Europe, before all of the passengers’ indentures had been sold, an agent in the American port kept them confined ...
In addition, "immigrants in bondage" were "criminals" in England. This could mean a great many things. Many were non-conformists, had problems with the church, or had committed an offense as small as stealing a loaf of bread. [3] Yet, as time progressed the system became more "systematized," acquiring certain standardized procedures and ...
The history of Pennsylvania stems back thousands of years when the first indigenous peoples occupied the area of present-day Pennsylvania. In 1681, Pennsylvania became an English colony when William Penn received a royal deed from King Charles II of England. However, European activity in the region precedes that date (the area was first ...
As Lord Dunedin observed in 1919, it was 'in direct contradistinction to the view of the law in England, that imprisonment was in no sense a satisfaction of the debt'; [20] the purpose for imprisonment for debt was not to discharge the obligation to pay, but rather to act as a compulsitor to force the debtor into revealing any hidden assets.
The many banks that had been established as a means of expanding Southern banking failed at an alarmingly high rate. Courts ruled that the states were not responsible for bonds issued to banks but were responsible for any bonds issued directly by the states. Many banks had large sums of debt and no way to pay for it.
For years, infrastructure updates in Arkansas stalled as leaders became wary of borrowing and amended the rules to require more approvals for borrowings. [1] In 1939, 43 percent of the state's own revenues were still dedicated solely to debt payment and road maintenance. [22] The next highway bond issue would not be approved until 1949. [1]
He plans to set some of this aside to pay off all credit cards and personal loans, which total $26,000, by October this year. After paying off debt, Tom believes the family will have excess cash ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 2 March 2025. U.S. state This article is about the U.S. state. For other uses, see Pennsylvania (disambiguation). "Penn." redirects here. For other uses, see Penn. State in the United States Pennsylvania Pennsilfaani (Pennsylvania Dutch) State Commonwealth of Pennsylvania Flag Seal Nickname: The Keystone ...