FUNDED AND FLOATING DEBT DEFINED.
Iroquois, D. T.
Explain the terms “floating debt,” “funded debt,” and “sinking fund.”
Querist.
Answer..—“Funded debt” is government or corporation indebtedness in the form of bonds or other evidences of money stipulated to be paid at stated intervals, and usually bearing interest payable annually or oftener. “Floating debt” is indebtedness, such as unsettled accounts, scrip in the nature of due bills, etc. not funded. A sinking fund is money set apart out of taxes, earnings, or other income, for the redemption of government or corporation bonds or other specific tokens of indebtedness.
ARTIFICIAL INCUBATION.
Fayette, Iowa.
I am very anxious to learn how to make an incubator, or have one made, for hatching chickens by artificial means. Will you oblige myself and other readers by giving such minute directions that a carpenter can make one by following them?
E. J. Allcott.