Consolidated Third would be redeemable for national lands; similar to what the Assignat was originally before it became a paper currency The value of these bonds was only one third of the value of the national debt, thus being a form of Debt consolidation. This would represent a repudiation of most of the state's debt, and a bankruptcy of two-thirds of the debt, leading to the euphemism of the remaining being a consolidated third. Consolidated Third The Consolidated Third (French: "le tiers consolidé") is the name given in France to the 1797 repudiation of public debt of which only one third was
Thirds (album) Thirds (album) Thirds is the third studio album by the American rock band, James Gang. The album was released in mid 1971, on the label ABC Records. It is the last studio album featuring Joe Walsh. "Walk Away" was released as a single, making the Top 40 on at least one national chart, reaching #51 on the "Billboard" Hot 100, the best placement of a James Gang single. The album reached Gold status in July 1972. On the liner notes to the LP version of this 1971 album, Joe Walsh is credited with "guitar, vocals, and train wreck", the latter