"Interest rate" Quotes from Famous Books
... would be supplied by the banker or banker merchant, who would then dictate the crops to be planted and the time of sale. As a result of these conditions, the planter or farmer was held to staple crops, high prices for necessities, high interest rate, and frequently unfair bookkeeping. The system was excellent for a thrifty, industrious, and intelligent man, for it enabled him to get a start. It worked to the advantage of a bankrupt landlord, who could in this way get banking facilities. But it had ... — The Sequel of Appomattox - A Chronicle of the Reunion of the States, Volume 32 In The - Chronicles Of America Series • Walter Lynwood Fleming
... per cent. faster than we are building railroads. Every mile of track is constructed with borrowed money, worth only about sixty cents on the dollar. Yet every dollar of these borrowings must some day be paid off in gold. And in the meantime the roads must pay a high interest rate on a dollar for every sixty cents' worth of money borrowed. I do not see how the country ... — A Captain in the Ranks - A Romance of Affairs • George Cary Eggleston |