"Credit system" Quotes from Famous Books
 ... cultivate. To condense the weight of our exports, selling less in the bushel and more on hoof and in fleece; less in lint and more in warp and woof. To systematize our work, and calculate intelligently on probabilities. To discountenance the credit system, the mortgage system, the fashion system, and every other system tending ...
— Chapters in Rural Progress • Kenyon L. Butterfield
... of the Indians reduced the number of purchasers. Prior to 1800, only a million acres had been disposed of in this manner. A law of that year provided a system of registers and receivers, to be stationed at land offices scattered through the North-west Territory. A credit system was also established, whereby so small a portion as a half-section could be purchased on instalment payments, with interest at six per cent. This law made the lands very attractive, as credit propositions always are. Prospective landholders rushed ...
— The United States of America Part I • Ediwn Erle Sparks
... "Barbie and surrounding neighbourhood" as ever it had in North and Middle England. The "Scotch cuddy" is so called because he is a beast of burden, and not from the nature of his wits. He is a travelling packman, who infests communities of working-men, and disposes of his goods on the credit system, receiving payment in instalments. You go into a working-man's house (when he is away from home for preference), and laying a swatch of cloth across his wife's knee, "What do you think of that, mistress?" you inquire, watching the effect keenly. Instantly all her covetous heart is in her eye, ...
— The House with the Green Shutters • George Douglas Brown
... Philadelphia. But the hostility of the Indians reduced the number of purchasers. Prior to 1800, only a million acres had been disposed of in this manner. A law of that year provided a system of registers and receivers, to be stationed at land offices scattered through the North-west Territory. A credit system was also established, whereby so small a portion as a half-section could be purchased on instalment payments, with interest at six per cent. This law made the lands very attractive, as credit propositions ...
— The United States of America Part I • Ediwn Erle Sparks
... that surprised me was the quantity of silver in circulation. I never, in my life, saw so much silver at one time, as during the week that we were at Monterey. The truth is, they have no credit system, no banks, and no way of investing money but in cattle. Besides silver, they have no circulating medium but hides, which the sailors call "California bank-notes.'' Everything that they buy they must pay ...
— Two Years Before the Mast • Richard Henry Dana |
