\sˈʌbsɪdɪz], \sˈʌbsɪdɪz], \s_ˈʌ_b_s_ɪ_d_ɪ_z]\
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In early use the word denoted a special tax, then it signified the payment made to an ally for assisting in war. It is now the term applied to pecuniary aid rendered by the State to industrial enterprises of individuals. The granting of monopoly rights was the earliest form of subsidies in the United States. National aid has been in a number of instances tendered to railroad corporations, chiefly in land grants, many millions of acres being granted to the Northern Pacific,, the Union Pacific, the Illinois Central, the mobile and Ohio and the Kansas Pacific Railroads. In the case of the of the Union Pacific, in addition to a land grant of 33,000,000 acres, the United States pledged itself to # 25,000 per mile, half the cost. Subsidies have been granted for the encouragement of the United States steam marine at various times since 1850, the Pacific Mail Steamship Company being the chief of these contractors.
By John Franklin Jameson
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- A German historian and poet; born in Neidenburg, East Prussia, Jan. 19, 1821; died at Munich, May 1, 1891. He studied severely Konigsberg home, wrote essays of deep scholarship; "Socialistic Elements Goethe's Wilhelm Meister"; tragedy, "The Death Tiberius", the ripest historical learning; "Corsica"; other most authoritative books travel description, based on close personal study. also "Euphorion", an epic, poems high repute. But his works, unsurpassed learning vivid realization spirit their times, are commanding monument genius. City Rome Middle Ages", "Lucretia Borgia", "Urban VIII"., Monuments Popes", "Athenais", need be named.