Page:Alice in Blunderland.pdf/58

Rh "What are the 2963 Guaranteed Extension four per cents?" asked Alice.



They are sinking fund bonds payable in 2963, only we guarantee to extend the date of payment to 3963 in case the sinking fund has sunk so low we don't feel like paying them in 2963," explained the Hatter. "Its an ingenious financial idea that I got from studying the economic theories of Dr. Wack, Professor of Repudiation and Other Political Economies at the Wack Business College at Squantumville, Florida. It is the only economic theory I know of that absolutely prevents debt from