"Rate of interest" Quotes from Famous Books
 ... trying to teach me political economy. This alone would not have done much harm, but he also took it into his head to teach his countrymen ideas of thrift, so as to pave the way for a bank; and then he actually started a small bank. Its high rate of interest, which made the villagers flock so enthusiastically to put in their money, ended by ...
— The Home and the World • Rabindranath Tagore
... decided to advise with Mr. Ramy; and on Ann Eliza, as the head of the house, this duty had devolved. Mr. Ramy, when consulted, had not only confirmed the dress-maker's report, but had offered to find some safe investment which should give the sisters a higher rate of interest than the suspected savings bank; and Ann Eliza knew that Evelina alluded to the ...
— Bunner Sisters • Edith Wharton
... him, and he need not have invited his own lawyer as a guest to Caversham,—and certainly not his own lawyer's wife and daughter. He had indeed succeeded in borrowing a few thousand pounds from the great man at a rate of interest which the great man's head clerk was to arrange, and this had been effected simply on the security of the lease of a house in town. There had been an ease in this, an absence of that delay which generally took place between ...
— The Way We Live Now • Anthony Trollope
... deliver them and receive the price of them at a fixed place in the agora, and have done with the matter,' and that 'he who gives credit must be satisfied whether he obtain his money or not, for in such exchanges he will not be protected by law. (d) Athenian law forbad an extortionate rate of interest (Telfy); Plato allows interest in one case only—if a contractor does not receive the price of his work within a year of the time agreed—and at the rate of 200 per cent. per annum for every drachma a monthly interest of an obol. (e) Both at Athens and in the Laws sales were to be registered ...
— Laws • Plato
... should put it in trust. I haven't much faith in the resistance of your sex to tempting investments promising a high rate of interest." ...
— The Avalanche • Gertrude Franklin Horn Atherton
... fail, being insolvent from losses or mismanagement. Mr. Sandford studied over his sheet of bills payable and receivable almost hourly. The amount intrusted to him by Monroe had been loaned out; for which he was now very sorry, as the rate of interest had nearly doubled since he made the last agreement. This, however, was but a small item in his accounts; other transactions of greater magnitude occupied his attention. As he looked over the array of promisors and indorsers, he said to himself, "I am safe. ...
— Atlantic Monthly, Volume 3, Issue 15, January, 1859 • Various
... no money, or very little. If, as he hoped, he succeeded in becoming a Member of Parliament, he would have money, large quantities of it, a full L400 a year. He would have more sense than to spend any of it in erecting statues. Doyle, on the other hand, had money. He lent it freely, at a high rate of interest, to the other inhabitants of Ballymoy. This was his idea of the proper use of money. To spend it on works of public utility or sentimental value, struck ...
— General John Regan - 1913 • George A. Birmingham
... not fully awake. But this lasted only a moment. He evidently thought it would not be wise to show too great a delight,—a mercantile caution not at all necessary, and ridiculous under present circumstances. He only pressed my hand and said: "Thank you,—at what rate of interest?" ...
— Without Dogma • Henryk Sienkiewicz
... of some little consequence, namely, that two things may go out, goods or SPECIE. We have melancholy proof, in the present state of the money market, that the latter occurrence has taken place to an inconvenient and distressing extent, and that that is the direct cause of the extravagant rate of interest charged on bankers' advances, and the general scarcity of money felt throughout the country. That the capital of the country is not only sufficient, but abundant, is decisively proved by the fact that, notwithstanding the vast extent ...
— Blackwood's Edinburgh Magazine, Volume 61, No. 378, April, 1847 • Various
... capital to work his estate, that he gives his own personal superintendence and that he understands the management. These are the usual conditions of success in most affairs; but a coffee-estate is not unfrequently abused for not paying when it is worked with borrowed capital at a high rate of interest under ...
— Eight Years' Wandering in Ceylon • Samuel White Baker
... to think he had rendered a service to a Rochebriant. Approach him, either through me, or, far better, at once introduce yourself, and propose to consolidate all your other liabilities in one mortgage to him, at a rate of interest lower than that which is now paid to some of the small mortgagees. This would add considerably to your income and would carry out M. ...
— The Parisians, Complete • Edward Bulwer-Lytton
... is contracted without any promise of interest none shall be demanded, although the debt be not paid until some time after it first became due. The rate of interest is settled at twenty per cent per annum; but in all suits relating to debts on interest, how long soever they may have been outstanding, the creditor shall not be entitled to more interest than may amount to a sum equal to the capital: if the debt is recent it ...
— The History of Sumatra - Containing An Account Of The Government, Laws, Customs And - Manners Of The Native Inhabitants • William Marsden
... at the behest of a group of capitalists and financiers, turned her great military machine on a little nation of Boer farmers in South Africa; who, it is said,[9] sold 300,000 tons of coal to Russia to aid her fleet against Japan, and at the same time furnished Japan with gold at a high rate of interest for use against Russia—what trust can be placed in her? "England," says Bernhardi, "in spite of all her pretences of a liberal and philanthropic policy, has never sought any other object than personal advantage and the unscrupulous suppression ...
— The Healing of Nations and the Hidden Sources of Their Strife • Edward Carpenter
... personal note for same, but do not desire any direct dealings with him. In fact, it would be exceedingly dangerous to my interests if he ever mentioned it to me personally, even when he fancied himself alone with me. Impress this upon him. I will pay far above the legal rate of interest, of course. You can arrange ...
— The Crevice • William John Burns and Isabel Ostrander
... dollars was considered a highly respectable fortune in New York between sixty and seventy years ago. Seven per cent, was the usual rate of interest, the cost of living was low, and life was, of course, much simpler in every way. I recall a prominent young man about this period, Henry Carroll Marx, commonly called "Dandy Marx," who was said to be the happy possessor of the amount ...
— As I Remember - Recollections of American Society during the Nineteenth Century • Marian Gouverneur
... trouble. To extricate himself for the time being from this unpleasant dilemma, he had recourse to the native Sheroffs, from whom he had borrowed from time to time certain sums of different amounts at an enormous rate of interest, until at last he found that he was totally unable to free himself from his difficulties, or evade his creditors, who haunted him night and day, dogged his steps, and presented themselves most inopportunely when they were least ...
— Vellenaux - A Novel • Edmund William Forrest
... years, and five per cent payable after ten years from date. For many years, the Government had been able to borrow at lower rates but had in vain besought Congress to grant the necessary authority. The Government now appealed once more to Congress for authority to issue bonds at a lower rate of interest. Carlisle, the Secretary of the Treasury, addressed a letter to the Senate committee of finance, setting forth the great saving that would be thus effected. Then ensued what must be acknowledged to be a breakdown in constitutional government. Immediately ...
— The Cleveland Era - A Chronicle of the New Order in Politics, Volume 44 in The - Chronicles of America Series • Henry Jones Ford
... was restrained from proposing to fund the whole debt immediately at the current rate of interest, by the opinion, "that although such a provision might not exceed the abilities of the country, it would require the extension of taxation to a degree, and to objects which the true interest of the ...
— The Life of George Washington, Vol. 4 (of 5) • John Marshall
... our resources, is more favorable than that of any other country of our time, and has never been surpassed by that of any country at any period of its history. All our industries are thriving; the rate of interest is low; new railroads are being constructed; a vast immigration is increasing our population, capital, and labor; new enterprises in great number are in progress, and our commercial relations with ...
— State of the Union Addresses of Rutherford B. Hayes • Rutherford B. Hayes
... labor applied in cultivating an annual crop. The question is not whether drainage will pay in one or two years, but will it pay in the long run? Will it, when completed, return to the farmer a fair rate of interest for the money expended? Will it be more profitable, on the whole, than an investment in bank or railway shares, or the purchase of Western lands? Or, to put the question in the form in which an English land-owner would put it, will the rent of the land ...
— Farm drainage • Henry Flagg French
... of money indeed; the legal rate of interest upon it is three thousand six hundred florins. A poor man would have to put his nose to the grindstone for a long, long time before he ...
— A Hungarian Nabob • Maurus Jokai
... for my imposing on your kindness; and yet I'm afraid I must go on doing it. I feel like a person in such desperate straits for ready money that he's reckless of the rate of interest. Not that it's a question of ...
— The Street Called Straight • Basil King
... can be made by the use of money, a great deal will commonly be given for the use of it; and that, wherever little can be made by it, less will commonly he given for it. Accordingly, therefore, as the usual market rate of interest varies in any country, we may be assured that the ordinary profits of stock must vary with it, must sink as it sinks, and rise as it rises. The progress of interest, therefore, may lead us to form some notion of the progress ...
— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith
... with requiring decency, requires sanctity, it oversteps the bounds which mark its proper functions. And it may be laid down as a universal rule that a government which attempts more than it ought will reform less. A lawgiver who, in order to protect distressed borrowers, limits the rate of interest, either makes it impossible for the objects of his care to borrow at all, or places them at the mercy of the worst class of usurers. A lawgiver who, from tenderness for laboring men, fixes the hours of their work ...
— Critical and Historical Essays, Volume III (of 3) • Thomas Babington Macaulay
... to get them pretty cheap," Mr. Hayes admitted. "As you perhaps know, a vessel deteriorates faster when laid up than she does in active service; and an owner will do almost anything to keep her at sea, provided he can make a modest rate of interest on her cost price or ...
— Cappy Ricks • Peter B. Kyne
... familiar with the conveyancing of real estate, and, with his own hand, he filled up the necessary papers, which I signed. The money was borrowed at 5 per cent.; my cousin positively refusing to receive the legal rate of interest from a Wallingford. Pay-day was put at six months' distance, and all ...
— Miles Wallingford - Sequel to "Afloat and Ashore" • James Fenimore Cooper
... the wisdom of its principles. Instead of following the old wretched way of throwing an immense amount of stocks into market at a sacrifice of fifteen to thirty per cent., the Government has got all the money it wanted at half or a little more than half the usual rate of interest. It would have been better if the currency had been made to consist wholly of United States legal-tender notes, fundable in six per cent., bonds—with a proper provision for the interest and for a ...
— The Continental Monthly, Volume V. Issue I • Various
... every landlord gets 12 per cent. bonus on his sale, and this sum is part of his life estate, and need not, therefore, be invested in trust securities, but may be invested in stock yielding a higher rate of interest. This point was not clear in the Act of 1903, but was explicitly enacted in an amending ...
— Ireland and the Home Rule Movement • Michael F. J. McDonnell
... Congress meets. Capital should feel secure. Insecurity calls for a higher interest, wants to make up for the additional risk, whereas, when a dollar feels absolutely certain that it is well invested, that it is not to be disturbed, it is satisfied with a very low rate of interest. ...
— The Works of Robert G. Ingersoll, Volume VIII. - Interviews • Robert Green Ingersoll
... the solvency of Mr Forbes, and a proper delay for consideration besides, Bruce supplied him with a hundred pounds upon personal bond, at the usual rate of interest, for a certain term of years. Mr Forbes died soon after, leaving his affairs in some embarrassment in consequence of his outlay. Mrs Forbes had paid the interest of the debt now for two years; but, as the rent of the farm was heavy, she found this additional trifle a burden. She had good reason, ...
— Alec Forbes of Howglen • George MacDonald
... national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of ...
— Messages and Papers of the Presidents, Vol. VIII.: James A. Garfield • James D. Richardson
... economy, to extend the Cape system of railways to Kimberley, at a time when the Cape Ministers were not prepared to carry out the extension, the British Parliament advanced a loan of L400,000, at a low rate of interest, for that object. Another instance I could quote, in connection with the history of that interesting native territory—Basutoland. You remember how that country was handed over to the Cape Colonists, and that ...
— A Winter Tour in South Africa • Frederick Young
... by appealing direct to the public. Accordingly, on 1st December, he adopted the unusual course of appealing to the Lord Mayor and the Directors of the Bank of England to encourage in every possible way the raising of an extraordinary loan of L18,000,000. The rate of interest, 5 5/8 per cent., seems somewhat high in the case of a "Loyalty Loan," especially as Consols rose from 53 3/4 in September to 57 in November; but competent authorities agree that it was ...
— William Pitt and the Great War • John Holland Rose
... another. Neither the branches nor the clerks of one bank may have business secrets in common with another bank; of course it is all right for head offices and general managers to get their heads together in such small matters as keeping down the rate of interest and curtailing loans—but then all competitors should unite against ...
— A Canadian Bankclerk • J. P. Buschlen
... Winch, with a boisterous display of jollity. "It's only Brother Gorringe's pleasant little way of making a contribution to our funds. You will notice that, at the date of all these mortgages, the State rate of interest was seven per cent. Since then it's b'en lowered to six. Well, when that happened, you see, Brother Gorringe, not being a professin' member, and so not bound by our rules, he could just as well as not let ...
— The Damnation of Theron Ware • Harold Frederic
... their work, encouraged by the thought that they were toiling not for themselves, but to serve the needy, "for Jesus' sake." The collection resulted in obtaining nearly twenty thousand marks, to which has been added the loan of a larger sum at a small rate of interest, so that there is good prospect of soon obtaining a permanent home as the property of the ...
— Deaconesses in Europe - and their Lessons for America • Jane M. Bancroft
... saved and lent is capital. So finance is the machinery that handles capital, collects it from those who save it and lends it to those who want to use it and will pay a price for the loan of it. This price is called the rate of interest, or profit. The borrower offers this price because he hopes to be able, after paying it, to benefit himself out of what he is going to make or grow or get with its help, or if it is a Government because it hopes to improve the country's wealth by its use. Sometimes borrowers want money because ...
— International Finance • Hartley Withers
... Fulleymore Ransome was not in a state to hold his own. But John Randall, the draper, if you like, was prosperous. He might be willing, Ransome thought, to lend him the money, or a part of it, at a fair rate of interest. ...
— The Combined Maze • May Sinclair
... seal. One glance was enough to show him what it was. It was a bond, in which the Spanish Government offered to pay one thousand pounds English sterling money at the end of thirty years, to the bearer; and at the bottom was a great array of coupons for semi-annual interest on the above, the rate of interest being six per cent., and consequently each coupon being ...
— A Castle in Spain - A Novel • James De Mille
... protected by the courts, the honorable man who borrows money is in the same condition as the notoriously dishonest man or the spendthrift, in better governed countries. He finds it more difficult to borrow and is obliged to pay a higher rate of interest.(545) Rigorous debtor laws, on the other hand, diminish in the whole nation the amount of "bad debts," that is, a not insignificant portion of the cost of production. They, at the same time, promote, as ...
— Principles Of Political Economy • William Roscher
... on a long or dangerous voyage it was customary to deposit—or, as it was called, "put out"—a sum of money, on condition of receiving at his return a high rate of interest. If he failed to return the money was lost. There are frequent allusions in old authors ...
— The Works of Christopher Marlowe, Vol. 3 (of 3) • Christopher Marlowe
... father dared not leave Fort St. Charles without supplies. De la Verendrye's position was now desperate. He was hopelessly in debt to his men for wages. That did not help discipline. His partners were not only withholding supplies, but charging up a high rate of interest on the first equipment. To turn back meant ruin. To go forward he was powerless. Leaving Jemmeraie in command, and permitting his eager son to go ahead with a few picked men to Fort Maurepas on Lake Winnipeg, De la Verendrye took a small canoe and descended with all swiftness to Quebec. The winter ...
— Pathfinders of the West • A. C. Laut
... patrician offices were not long withheld from the plebeians. But these political changes did not much ameliorate the social condition of the poorer classes. The strictness of the Licinian laws, the oppression of the rich, the high rate of interest, and the existence of slavery, made the poor poorer, and the rich richer, and prevented the expansion of industry. The plebeians had gained political privileges, but not till great plebeian families had arisen. Power was virtually in ...
— Ancient States and Empires • John Lord
... her husband what was the source of his capital, he answered that a friend who had great confidence in his ability had advanced him the money at a low rate of interest. He added that he had been pledged not to divulge ...
— The Goose Man • Jacob Wassermann
... than one-fourth of its ordinary annual income, at a time when the Governments of Europe, although involved in debt and with their subjects heavily burthened with taxation, readily obtained loans of any amount at a greatly reduced rate of interest. It would be unprofitable to look further into this anomalous state of things, but I can not conclude without adding that for a Government which has paid off its debts of two wars with the largest maritime power of Europe, and now ...
— A Compilation of the Messages and Papers of the Presidents: Tyler - Section 2 (of 3) of Volume 4: John Tyler • Compiled by James D. Richardson
... creditors. In this situation of affairs the most violent or needy demanded a new distribution of property; while the rich would have held on to all the fruits of their extortion and tyranny. Pursuing a middle course between these extremes, Solon relieved the debtor by reducing the rate of interest and enhancing the value of the currency: he also relieved the lands of the poor from all encumbrances; he abolished imprisonment for debt; he restored to liberty those whom poverty had placed in bondage; ...
— Mosaics of Grecian History • Marcius Willson and Robert Pierpont Willson
... invested (in the public funds, for instance), but not in his own trade; he is enabled to obtain, on a portion of these, not mere interest, but profit, and so to gain that difference between the rate of profit and the rate of interest, which may be considered as "wages ...
— Essays on some unsettled Questions of Political Economy • John Stuart Mill
... necessity of it, and are ready to lend to the utmost, even where it involves a sharp skimping and daily sacrifice to lend out of meagre earnings. They will look with reprobation and contempt upon those who can and will not, upon those who demand a higher rate of interest, upon those who think of it as a mere commercial transaction. I have not come, therefore, to urge the loan. I have come only to give you, if I can, a more vivid conception ...
— President Wilson's Addresses • Woodrow Wilson
... That he and his agent shall have certain sums advanced to him for the expenses of the removal to Georgia, the money to be given them only when they are ready to embark in England,—payment to be made several years later, a rate of interest having been mutually agreed on, and the estate in Georgia being given ...
— The Moravians in Georgia - 1735-1740 • Adelaide L. Fries
... but in Adelle it was an expensive instinct. Towards the end of their period of probation, they had to get aid from money-lenders, to whom Sadie Paul introduced them. Adelle did not find it difficult to raise money on her expectations, at a stiff rate of interest, and thus the object of the Puritan Mr. Smith was defeated. It would have pained his thrifty banker's soul had he known that the trust company's ward was gayly paying ten and fifteen percent for "temporary ...
— Clark's Field • Robert Herrick
... for its use. In time people began to distinguish between interest moderate in amount and an excessive charge for the use of money. The latter alone was henceforth prohibited as usurious. Most modern states still have usury laws which fix the legal rate of interest. ...
— EARLY EUROPEAN HISTORY • HUTTON WEBSTER
... is to be favored; that instead of flying to the relief of the stall-fed speculators of Wall Street in times of financial stringency, it is time that the government was coming to the relief of the common people; that loans from the government should be made at a merely nominal rate of interest, not to exceed two per cent., because any higher rate is a congestor of wealth and gives capital a leverage over labor; that money-loaning as a business, except on such a basis from the government to its subjects, ...
— The Arena - Volume 4, No. 21, August, 1891 • Various
... advanced the credit sum to the landlord in cash, while the tenant paid an instalment of 4 per cent. for forty-nine years. It is important to notice that the landlord received cash and that the tenants paid interest at the then existing rate of interest on Consols, namely, 3 per cent. The great defect in these Acts was that they applied only to separate holdings and not to estates as a whole; but their success can be estimated by the fact that under them twenty-seven ...
— Against Home Rule (1912) - The Case for the Union • Various
... with the colonial rate of interest—ten per cent.—as was only right, seeing that you had no security, and we had used the money in our business; and my friend, compound interest at ten per cent, is a great institution. It beats gold-mining, and is almost as profitable as being President of the Republic ...
— Mr. Fortescue • William Westall
... his money over four times a year, and thus got an interest on it of twenty per cent. His losses averaged only one-half of one per cent. When he wanted funds he found no difficulty in borrowing at a low rate of interest on his own paper. The business was simple, easy, and when once started yielded an income to Peabody of from three hundred thousand to a half-million dollars a year. And no one was more surprised ...
— Little Journeys to the Homes of the Great, Volume 11 (of 14) - Little Journeys to the Homes of Great Businessmen • Elbert Hubbard
... The rate of interest she paid was of course high, because of the uncertainty of her security, and the arithmetic of lovers is often sketchy and optimistic. Yet they had very glorious times after that return. They determined they would not go to a Pleasure city nor ...
— Tales of Space and Time • Herbert George Wells
... was at a time when the Atlantic cable had not yet made New York a part of London financially considered, and when London bankers would lend their balances to Paris, Vienna, or Berlin for a shadow of difference in the rate of interest rather than to the United States at a higher rate. The Republic was considered less safe than the Continent by these good people. My brother and Mr. Phipps conducted the iron business so successfully that I could leave for weeks at a time without anxiety. There was danger lest I should ...
— Autobiography of Andrew Carnegie • Andrew Carnegie
... statement may give some idea of the rapidity with which the ports of the Southern world are rising into an almost European importance.[140] Since the year 1817 several large banks have been established, and, from the high rate of interest which money has always borne in the colony, it is not surprising that some of these concerns have been very profitable. It is only to be hoped that the spirit of speculation may not be carried out, till it ...
— Australia, its history and present condition • William Pridden
... opportunity everywhere afforded of investing small sums of money advantageously. In England, in most branches of trade, the low rate of wages renders it impossible for the operative to save any portion of his earnings; and even when he is able to do so, he can rarely obtain a higher rate of interest for his money than that which the savings-banks offer. Economise as he may, his hard-won savings seldom are sufficient to afford him a provision in old age. In America, on the contrary, the man who possesses 5l. or 10l. has every hope of securing a competence. ...
— The Englishwoman in America • Isabella Lucy Bird
... wound the squire's ears—perhaps he had better go and see him, and ascertain in what way this affair of the money might be arranged. There was no doubt, he said, that Scatcherd would supply the sum required at a lower rate of interest than that at which it could be ...
— Doctor Thorne • Anthony Trollope
... on the belfry without scaffolding, has no longer the force to control the workmen; instead of him I now run about the town looking for work, I engage the workmen and pay them, borrow money at a high rate of interest, and now that I myself am a contractor, I understand how it is that one may have to waste three days racing about the town in search of tilers on account of some twopenny-halfpenny job. People are civil to me, they address me politely, ...
— The Chorus Girl and Other Stories • Anton Chekhov
... a bigger income than now—one does not get as good a rate of interest as one used." She colored a little at the false inference and dwelt with more emphasis on the ...
— The Title Market • Emily Post
... aspect and distribution of the houses, domestic life—The family patrimony: division of the inheritance—Lending on usury, the rate of interest, commercial intercourse by land and sea—Trade corporations: brick-making, industrial implements in stone and metal, goldsmiths, engravers of cylinders, weavers; the state of ...
— History Of Egypt, Chaldaea, Syria, Babylonia, and Assyria, Volume 3 (of 12) • G. Maspero
... manufacturing, is my authority for the statement that 12 per cent, would be a rather high estimate of the average rate of dividend, while figures furnished by the Department of Finance show that for ten years the average rate of interest on loans ...
— Where Half The World Is Waking Up • Clarence Poe
... South-Sea Company were accepted, and that body held itself ready to advance the sum of two millions towards discharging the principal and interest of the debt due by the state for the four lottery funds, of the ninth and tenth years of Queen Anne. By the second act, the bank received a lower rate of interest for the sum of 1,775,027l. 15s. due to it by the state, and agreed to deliver up to be cancelled as many exchequer bills as amounted to two millions sterling, and to accept of an annuity of one hundred thousand ...
— Memoirs of Extraordinary Popular Delusions and the Madness of Crowds • Charles Mackay
... to loan sums to suit, on first-class security, at a fair rate of interest. Call or address Sharp & Ketchum, No. — ...
— Struggling Upward - or Luke Larkin's Luck • Horatio Alger
... revolution and commercial panics; but all this was easy to us, thanks to our relations with our brethren in all countries—and never have I, or any of mine, made an usurious investment, or even taken the full advantage of the legal rate of interest. Such were the positive demands of M. de Rennepont, given to my grandfather; nor is there in the world a fortune that has been obtained by purer means. Had it not been for this disinterestedness, we might have much augmented this two hundred and twelve millions, ...
— The Wandering Jew, Complete • Eugene Sue
... not my intention either," exclaimed Gentz, laughing. "God has placed a capital in my head, and you may be sure that I shall know how to invest it at a good rate of interest." ...
— LOUISA OF PRUSSIA AND HER TIMES • Louise Muhlbach
... out he would also refuse to pull me off. This meant—what? A day lost at the very best; but more likely a whole fortnight of frizzling on some pestilential mud-flat, of desperate work, of discharging cargo; more than likely it meant borrowing money at an exorbitant rate of interest—from the Siegers' gang too at that. They were a power in the port. And that elderly seaman of mine, Gambril, had looked pretty ghastly when I went forward to dose him with quinine that morning. ...
— Falk • Joseph Conrad
... fortune in Almaquo, so I went to New York and mortgaged all I possessed, discounting a lot of notes given me by farmers in payment for machinery, and finally borrowing at a high rate of interest the rest of the money I needed. In other words I risked all my fortune on Almaquo, and brought the money home to pay Wegg and Thompson for their interest. The moment they received the payment they invested it in ...
— Aunt Jane's Nieces at Millville • Edith Van Dyne
... present as the most auspicious moment for attaining the object in view. The profound peace with which Europe and the whole civilized world is now blessed, the abundance of capital in the money market, the present low rate of interest, and the difficulty of finding investments, are all favorable to the raising of the necessary funds; the immense strides which science has made in overcoming natural difficulties, once deemed insuperable, add to the means of accomplishment, while ...
— A Succinct View of the Importance and Practicability of Forming a Ship Canal across the Isthmus of Panama • H. R. Hill
... expenses, leaving 5,300 dollars as the regular return on the capital invested, which, having been about 40,000 dollars, gives about thirteen per cent.; not certainly to be considered extravagant in a country where twelve per cent, is the regular rate of interest. The produce of coffee from each section is given at 400 arrobas, or 3,500 arrobas for the whole of the nine sections. The average price of coffee, free of the expense of carriage, is assumed to be two dollars the arroba, or eight dollars per quintal, which would give a return of 7,200 dollars, ...
— The Commercial Products of the Vegetable Kingdom • P. L. Simmonds
... good Colonel sighed as he signed, away that business which had been an honor to the, city where it was founded, I thank heaven that we are not concerned with the details of their talk that day. Why should we wish to know the rate of interest on those notes, or the time? ...
— The Crossing • Winston Churchill
... lost the lender loses his whole money; but if it returns in safety, then he shall receive back his principal, and also the premium stipulated to be paid, however it may exceed the usual or legal rate of interest."—Smyth's ...
— Diary of Samuel Pepys, Complete • Samuel Pepys
... its own time to repay the loans. A bishop could not pledge his episcopal estates beyond his own lifetime, and the result was that, in the days when life assurance was unknown, a bishop who had to raise money for a costly lawsuit would have to pay a rate of interest which would make our blood run cold if we had to pay it, or our hearts leap for joy if we could get it in these days of two and three per cent. The bishop was always at a disadvantage in these appeal cases; he stood to lose everything, and he stood to win nothing ...
— The Coming of the Friars • Augustus Jessopp
... we forbid interest. No one in Freeland will prevent you from asking as high a rate of interest as you please; only you will find no one willing to pay it you, because everyone can get as much capital as he needs without interest. But you will ask whether, in this placing of the savings of the community at the disposal of those ...
— Freeland - A Social Anticipation • Theodor Hertzka
... declared her willingness to provide the necessary capital for the publication of my operas, refusing to consider the act as one involving any sacrifice on her part. This money she proposed to get by selling out her investments in Polish state-bonds, and I was to pay the customary rate of interest. The thing was so easily done, and seemed so much a matter of course, that I at once made all needful arrangements with my Leipzig printer, and set to work on the publication ...
— My Life, Volume I • Richard Wagner
... ago expressed the warmest satisfaction at the security, though I am quite prepared to admit that the security, is of rather an unusual nature. You also agreed to the rate of interest. It is not everyone, Mr Levi, who can lend out a million at 5-1/2 per cent. And in ten years the whole amount will be paid back. I—er—I believe I informed you that the fortune of Princess Anna, who is about to accept my hand, will ultimately amount to something like ...
— The Grand Babylon Hotel • Arnold Bennett
... solvent person would be willing to pay for the loan of it. This, as everybody knows, is called interest. What a person expects to gain who superintends the employment of his own capital is always more than this. The rate of profit greatly exceeds the rate of interest. The surplus is partly compensation for risk and partly remuneration for the devotion of his time and labour. Thus, the three parts into which profit may be regarded as resolving itself, may be described, respectively, ...
— The World's Greatest Books—Volume 14—Philosophy and Economics • Various
... price-level falls or rises, the monetary standard conversely appreciates or depreciates.[12] If these changes are slight in amount and imperceptible in their direction they may not affect considerably the motives of borrowers and lenders. Therefore, the rate of interest this year in long-time loans would be just that resulting in the expectation, on all hands, of a stationary level of general prices. Suppose that rate to be 5 per cent on the standard investment (such as real-estate loans and good bonds). Then the lender of $1000 will ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... of a policy designed and fitted to build up a diversified industry and a vigorous productive power. In regard to the degree of protection, he advocates no more than is necessary to equalize advantages. In consequence of her abundant capital, lower rate of interest, and cheaper labor, England can manufacture at less cost than we can; and this disadvantage can be counteracted only by protective legislation. The benefits which have accrued to the manufacturers of England ...
— Atlantic Monthly, Volume 10, Number 59, September, 1862 • Various
... graces. The only terms, however, that he could obtain were, that he should have two hours more allowed him to be introduced to a Jewish gentleman, who might perhaps advance him the money required at a remunerative rate of interest. There was nothing for him but to accept this offer, and the Jewish gentleman was shown into ...
— Blackwood's Edinburgh Magazine, Volume 62, Number 385. November, 1847. • Various
... standing, and an Old Subscriber," calls attention to the unusual state of things now so long existing in the Money Market, by the fall in the rate of interest to 1-3/4 and 2 per cent. upon the first class commercial bills. He states that a friend of his has lately lent 100,000l. at 1-1/2 to 2 per cent., being the highest rate he could obtain. This condition of the Money Market he attributes to the large amount of paper money in circulation, ...
— The Economist - Volume 1, No. 3 • Various
... work and using up their lives in the effort, manage to make a fair income and bring up their families. One of them, to make provision for the future, invests L2,000 in safe securities with fixed rate of interest, and L2,000 in some company whose business is of a more or less speculative character, but by good fortune becomes able to pay a dividend of 30 per cent. The other invests a like sum in firm securities, and L2,000 in another company which turns ...
— Rebuilding Britain - A Survey Of Problems Of Reconstruction After The World War • Alfred Hopkinson
... the fault of Jews. The worst is the general impression of a business pressure from the more brutal and businesslike type of Jew, which arouses very violent and very just indignation. When I was in Jerusalem it was openly said that Jewish financiers had complained of the low rate of interest at which loans were made by the government to the peasantry, and even that the government had yielded to them. If this were true it was a heavier reproach to the government even than to the Jews. But the general truth is that such a state of feeling seems to make the ...
— The New Jerusalem • G. K. Chesterton
... is "an advocate of Christian science." "A limited monarchy is a kingdom whose ruler is under the ruler of another country." Legal tender is "the legal rate of interest"; another considers it "Paper money." In economics, some of the answers were "profit-sharing, a term used in socialism, the rich to divide among the poor." "Monopolies is the money gained by selling church ...
— A Book for All Readers • Ainsworth Rand Spofford
... to take advantage of a man in difficulties, and he never did, nor to charge any one exorbitant interest. I have known him lend to men and allow them to fix their own time of payment, their own rate of interest, and their own security. He often lent without any at all. He knew his men, and was not fool enough to trust a rogue at any amount of interest. He was known and respected by all ranks, and never more esteemed than by those who had had pecuniary ...
— The Reminiscences Of Sir Henry Hawkins (Baron Brampton) • Henry Hawkins Brampton
... materials of his manufactures, has already been alluded to. This deposit had been augmented by subsequent sales, until it amounted to an imposing sum, which Mrs. Dillingham ascertained, from the little account-book, to be drawing a low rate of interest. With the proprietor, this heavy foreign deposit was partly a measure of personal safety, and partly a measure of projected iniquity. He had the instinct to provide against any possible ...
— Sevenoaks • J. G. Holland
... peasant being brought into this situation finds it very hard to maintain his family. He is compelled to borrow money at an exorbitant rate of interest, and, consequently, sinks deeper and deeper into debt and misery. The dread of fines or bodily punishment, rather than the prospect of high prices, is the chief method by which the supplies can be kept up.—(Report ...
— The Former Philippines thru Foreign Eyes • Fedor Jagor; Tomas de Comyn; Chas. Wilkes; Rudolf Virchow.
... Company's treasury. And we shall prove that Nobkissin, within a year from the time when he gave this bribe, had fallen into arrears to the Company, as their steward, to the amount of a sum the very interest of which, according to the rate of interest in that country, amounted to more than this bribe, taken, as was pretended, for the Company's service. Such are the consequences of a banian's generosity, and of Mr. Hastings's gratitude, so far as the interest of the country is concerned; and this is a good way to pay Mr. Hastings's contingent accounts. ...
— The Works of the Right Honourable Edmund Burke, Vol. X. (of 12) • Edmund Burke
... aged Brawford, the hundred millions that she had inherited, the obstacles that prevented her from obtaining the enjoyment of her inheritance, the moneys she had been obliged to borrow at an exorbitant rate of interest, her endless contentions with Brawford's nephews, and the litigation! the injunctions! in ...
— The Extraordinary Adventures of Arsene Lupin, Gentleman-Burglar • Maurice Leblanc
... like the idea of selling his real estate, because he was very confident, from the many improvements going on in the quarter of the city where it was situated, that it would double in value in the course of ten years. He was so confident of this, that he preferred paying a high rate of interest for money for temporary purposes, rather than sell his property. So hard did he become pressed at last, that he resorted to the expedient of raising ten thousand dollars on mortgage, at ten per centum per annum. Wolford held this mortgage, as the ...
— Finger Posts on the Way of Life • T. S. Arthur
... by giving him a right to compensation for disturbance and for his improvements, and by allowing him to sell his interests for the best price he can get for them. It also enabled him to borrow from the government, at a low rate of interest, three-fourths of the money necessary to purchase his landlord's interest in the holding. This legal recognition and guarantee of the Irish tenant's interests have led the crofter to hope that his claims, based on better ...
— Lippincott's Magazine, August, 1885 • Various
... who seems to issue upon us applicants from out the muffled folding doors of Hades; taps us on the chest, once, twice, and forthwith writes down our fateful dates). Probably, Anthony would not have to pay a higher rate of interest ...
— The Shaving of Shagpat • George Meredith
... loose ballast impossible. A large increase in capital was necessary for these improvements, the elimination of curves being the most laborious part, requiring bridges, cuttings, and embankments that dwarf the Pyramids and would have made the ancient Pharaohs open their eyes; but with the low rate of interest on bonds, the slight cost of power, and great increase in business, the venture was a success, and we are now in sight of further advances that will enable a traveller in a high latitude moving west ...
— A Journey in Other Worlds • J. J. Astor
... of institutions of learning for endowment receives special emphasis at the present by the decreasing rate of interest. It is difficult, every college treasurer knows well, so to invest funds with safety as to cause them to return more than five per cent, interest. Ten years ago in the East it was as easy to secure seven, as it is now to secure five, per cent. In one year one college saw ...
— The Bay State Monthly - Volume 1, Issue 4 - April, 1884 • Various
... above quoted, the question naturally presents itself whether our traditional policy of making Government issues tax-exempt should not be discontinued, which, of course, would mean that a materially higher rate of interest than 3-1/2% would have to be paid ...
— War Taxation - Some Comments and Letters • Otto H. Kahn
... our thoughts determine a man's value to society. No investments bring so high a rate of interest as investments of brain. Hand work earns little, but head work much. In a Western camp one miner put his lower brain into the pickaxe and earned $2.00 a day; another miner put his higher brain into ...
— A Man's Value to Society - Studies in Self Culture and Character • Newell Dwight Hillis
... chanced to superintend it. Today our "Relief Home" is a model for the country. In 1906 the city was destroyed because unprotected against fire. Today we are as safe as a city can be. In the meantime the reduced cost of insurance pays insured citizens a high rate of interest on the cost of our high-pressure auxiliary fire system. Our streets were once noted for their poor construction and their filthy condition. Recently an informed visitor has pronounced them the best to be found. We had no creditable boulevards or drives. Quietly and without bond expenditure we have ...
— A Backward Glance at Eighty • Charles A. Murdock
... pressure, and to involve the whole in commercial embarrassment. The imports of New South Wales and Van Diemen's Land exceeding L20 per head; the high price of grain, reaching 28s. per bushel; the enormous rate of interest, and the boundless extravagance of credit and expense, produced a convulsion all ...
— The History of Tasmania, Volume I (of 2) • John West
... resolution of the House of Representatives, the Senate concurring, I return herewith House bill No. 5179, entitled "An act fixing the rate of interest to be charged on arrearages of general and special taxes now due the District of Columbia if paid within ...
— A Compilation of the Messages and Papers of the Presidents, Volume IX. • Benjamin Harrison
... however important, to place such a strain upon our finances as this policy would involve. In the second place, however justifiable and necessary a system of Government guarantees may be in certain circumstances, it is essentially an expensive one, because by securing to shareholders a minimum rate of interest on their capital it weakens in them the motives to economy, and because by dividing the responsibility for expenditure between Government and Railway Officials, it diminishes in the latter the sense of responsibility. Moreover, ...
— Letters and Journals of James, Eighth Earl of Elgin • James, Eighth Earl of Elgin
... was not contracted for at a less interest than about 7 1/2 per cent, and, although other causes may have had an agency, it can not be doubted that, with the advantage of a more extended and less precarious revenue, a lower rate of interest might have sufficed. A longer postponement of this advantage could not fail to have a still greater ...
— A Compilation of the Messages and Papers of the Presidents - Section 4 (of 4) of Volume 1: James Madison • Edited by James D. Richardson
... must be no semblance of charity. Let the working girls' hotel and the working girls' lodging-house be not only self-supporting, but so built and conducted that they will pay a fair rate of interest upon the money invested. Otherwise they would fail of ...
— The Long Day - The Story of a New York Working Girl As Told by Herself • Dorothy Richardson
... though perhaps there might have been less gold and silver than usual in the palace of the Ptolemies, still it was so large a sum that when, upon the establishment of peace over all the world, the rate of interest upon loans fell in Rome, and the price of land rose, the change was thought to have been caused by the money from Alexandria. At the same time were carried away the valuable jewels, furniture, and ornaments, which had ...
— History Of Egypt From 330 B.C. To The Present Time, Volume 11 (of 12) • S. Rappoport
... 'has agreed to keep the arms for three months, you paying the usual rate of interest on the money. This is but just. May your new friend at Beiroot be more powerful than I ...
— Tancred - Or, The New Crusade • Benjamin Disraeli
... you can expect to be the end of the matter. {15} In God's name, is there one of you so innocent as not to know that the war will be transferred from Olynthus to Attica, if we pay no heed? But if that happens, men of Athens, I fear that we shall be like men who light-heartedly borrow at a high rate of interest, and after a brief period of affluence, lose even their original estate; that like them we shall find that our carelessness has cost us dear; that through making pleasure our standard in everything, we shall find ourselves driven to do many of those unpleasant things which we wished to ...
— The Public Orations of Demosthenes, volume 1 • Demosthenes
... Stock Exchange term for the rate of interest paid by a "bull" who has bought stock for the rise and does not intend to pay for it when the Settlement arrives. He arranges to carry over or continue his bargain, and does so by entering into a fresh bargain with his seller, or some other party, by which he ...
— Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 2 - "Constantine Pavlovich" to "Convention" • Various
... But all his pride rose up to combat the suggestion that he present himself before Helen and plead for an audience. Once he had an impulse to go to the president of the bank and ask for an advance at the proper rate of interest. He knew scores of cases where banks loaned money on personality; he had heard many a bank official express himself to the effect that a poor man with a vision and integrity was a better chance any day than a millionaire lacking a goal or scruples. ...
— Broken to the Plow • Charles Caldwell Dobie
... father's faults without his father's virtues. Ahab was liberal, Joram miserly, nay, he even indulged in usurious practices. From Obadiah, the pious protector of the prophets in hiding, he exacted a high rate of interest on the money needed for their support. As a consequence, at his death he fell pierced between his arms, the arrow going out at his heart, for he had stretched out his arms to receive usury, and had hardened his heart against compassion. ...
— THE LEGENDS OF THE JEWS VOLUME IV BIBLE TIMES AND CHARACTERS - FROM THE EXODUS TO THE DEATH OF MOSES • BY LOUIS GINZBERG
... the money could be raised without outside assistance, unless the lines were heavily mortgaged. If these new men were willing to pay a high rate for fifty-one per cent. of this stock for ninety-nine years and would guarantee a satisfactory rate of interest on all the stock as it stood, besides inaugurating a forward policy, why not let them? It would be just as good as mortgaging the soul out of the old property, and the management was of no value, anyhow. Kaffrath could not see how fortunes were to be made for these new investors out of subsidiary ...
— The Titan • Theodore Dreiser
... take these from him for debt no matter how just may be his claim. Another law requires everyone to contribute a certain quantity of corn or wheat each year to a municipal institution to be lent in time of need or for seed to anyone and at a very moderate rate of interest. ...
— Birdseye Views of Far Lands • James T. Nichols
... thence derived may, by the magical power of compound interest, reaching through a long series of years, become very large. In forming rates of premium, regard is had to this; but, to gain security in a contract which may extend far into the future, it is prudent to base the calculations on so low a rate of interest that there can be a certainty of obtaining it. The rate adopted is usually three per cent in England, and four or five per cent in this country. But, in point of fact, the American companies now obtain on secure investments six or ...
— The Atlantic Monthly, Volume 18, No. 107, September, 1866 • Various
... four millions. The paper of the Treasury was rapidly depreciating and the premium on gold rising until the value of a one dollar green-back note was less than fifty cents in real money. The bankers, fearing the total bankruptcy of the Nation, had begun to refuse further loans on bonds at any rate of interest. ...
— The Southerner - A Romance of the Real Lincoln • Thomas Dixon
... have received the letter which Lord Cumber transmitted to me, under your frank, in which I am appointed his head agent. He also is willing to accept the two thousand pounds on my own terms—that is, of course, as a loan, at the usual rate of interest. But don't you think, my dear M'Slime, that with respect to this large sum, an understanding might be entered into—or rather an arrangement made, in a quiet way, that would, I flatter myself, turn out of great ultimate advantage to his lordship. The truth is, that Lord ...
— Valentine M'Clutchy, The Irish Agent - The Works of William Carleton, Volume Two • William Carleton
... of those boards that were doing that work, the so-called "loan sharks," and told them to deal with them with a heavy hand. By no sort of subterfuge were they to be permitted to be usurious. By their nefarious methods of charging the maximum legal rate of interest and then exacting a commission for monthly renewals of loans, the poor and the dependent were oftentimes made to pay several hundred per cent. interest per annum. The criminal code was to be invoked and protracted terms in prison, in addition ...
— Philip Dru: Administrator • Edward Mandell House
... company, in the public funds or in railway securities. In this way many of the workmen are coming to be small capitalists. If they wish also to become house-owners the company advances, at the lowest possible rate of interest, the necessary funds for the purchase, and workmen in good standing with the company find no difficulty in getting gratuitous advances of money repayable in small fixed amounts, upon showing good reasons for the advance. And in all the establishments of the company, except at Montlucon, where ...
— France and the Republic - A Record of Things Seen and Learned in the French Provinces - During the 'Centennial' Year 1889 • William Henry Hurlbert
... his son taken into their office, and a few hints as to the future course of his education. The very next day saw Anton seated at a ledger, disposing arbitrarily of hundreds of thousands, converting them into every existing currency, and putting them out at every possible rate of interest. ...
— Debit and Credit - Translated from the German of Gustav Freytag • Gustav Freytag
... The rate of interest for loans was, nevertheless, everywhere settled by law, and at all times. This rate varied according to the scarcity of gold, and was always high enough to give a very ample profit to the lenders, although they too often required a very much higher rate. In truth, the small security ...
— Manners, Custom and Dress During the Middle Ages and During the Renaissance Period • Paul Lacroix
... the avarice of money-lending nobles that the people were chiefly oppressed. There were no laws limiting the rate of interest, and the rich lent to the poor at extravagant rates of usury. The interest, when not paid, was added to the debt, so that in time it became impossible for ...
— Historic Tales, Volume 11 (of 15) - The Romance of Reality • Charles Morris
... Investigator." He also published the document purporting to be signed by George Haynes. It was an acknowledgment of the loan of a sum of money, equivalent to that which Haynes had paid for the land under offer to the Council, and a promise to repay the money at an exorbitant rate of interest to Garnett. Very few impartial men doubted the real meaning of ...
— Grey Town - An Australian Story • Gerald Baldwin
... owes money in China. According to the clan system an individual having surplus cash is obliged to lend it (though at a high rate of interest) to any members of his family in need of help. However, a Chinaman never pays cash unless absolutely obliged to and almost never settles a debt until he has been ...
— Camps and Trails in China - A Narrative of Exploration, Adventure, and Sport in Little-Known China • Roy Chapman Andrews and Yvette Borup Andrews
... to by the men engaged in manufacturing after this fashion: "We cannot make the things you need as cheaply as the manufacturers in foreign countries. They are wealthy and we are poor. They have their mills already in operation, we have ours to build. The capital we borrow bears a rate of interest double that which the foreign mill-owner has to pay. The labor we must employ is not yet trained as is theirs, and it must receive far higher wages. Therefore we ask that you aid us in establishing our industries by paying us higher prices for our goods than those for which you could purchase the ...
— Monopolies and the People • Charles Whiting Baker
... of INVESTING MONEY are requested to examine the Plan of this Institution, by which a high rate of Interest may be obtained ...
— Notes and Queries, Number 203, September 17, 1853 • Various
... in which such conditions tend toward war might have been illustrated, if Mr. Hobson had been writing at a later date, by various more recent cases. A higher rate of interest is obtainable on enterprises in an undeveloped country than in a developed one, provided the risks connected with an unsettled government can be minimized. To minimize these risks the financiers call in the assistance of the military ...
— Proposed Roads To Freedom • Bertrand Russell
... Bank of Australia," and "Port Philip's Bank"—and there is yet a good field for another, under prudent management. The rate of discount is L10 per cent; and the interest given on deposit accounts L7 per cent. The common rate of interest, given with good mortgage security, is L20 per cent; and in some instances, where a little risk is taken, L25 and L30. Bills past due at the bank, are charged L12 per cent. A court of law (by act of Council) allows L8 per cent on all bills sued upon, with a discretionary power of extending ...
— Blackwood's Edinburgh Magazine — Volume 55, No. 340, February, 1844 • Various
... at our rate of interest; but his money is in India, where he gets a great percentage. His income must be five or six thousand pounds, ma'am," says Barnes, turning to ...
— The Newcomes • William Makepeace Thackeray
... martyrdom, have been given beforehand an exact estimate of the price they were to pay. But all others, the vast majority of those demanding of nature her divinest gifts, have mortgaged themselves blindly for an amount, and at a rate of interest, unknown, undreamed of. Of these, Ivan was one. At the age of sixteen he first felt his power, made his demand. Consciously or unconsciously—probably both—he cried to Fate: "Behold me! I hold a message for mankind! The Spirit of Music will deign to make use of me as her instrument. ...
— The Genius • Margaret Horton Potter
... generous intention on your part had been frustrated by a natural indignation at the elder Gordon's conduct in his harassing and costly litigation, and by the addition you had been tempted to make to the estate in a purchase which added to its acreage, but at a rate of interest which diminished your own income, and precluded the possibility of further savings. Now, chancing to meet your lawyer, Mr. Vining, the other day, I learned from him that it had been long a wish which your delicacy prevented ...
— Kenelm Chillingly, Complete • Edward Bulwer-Lytton
... annuities of this company, will be allowed a large-rate of interest on paper for their money, calculated on an entirely novel sliding-scale. Annuitants will be entitled to receive their annuities ...
— Punch, or the London Charivari, Volume 1, Complete • Various
... has thrown into the world of business, on the one hand; and, on the other, the advancement of the fatal theories to which I have alluded, and which, from the clubs, have almost penetrated into the regions of the Legislature, have everywhere raised the rate of interest? Is it not evident, that from that time the "proletaires" have found greater difficulty in procuring those materials, instruments, and provisions, without which labor is impossible? Is it not that which has caused stoppages; and do not stoppages, in their turn, lower wages? Thus there is a deficiency ...
— Sophisms of the Protectionists • Frederic Bastiat
... and if the bill, without further radical amendments, obtains the approval of the Senate, it will give the death-blow to the cardinal policy of the country, which now seeks a large reduction of the rate of interest upon our national debt. Even that portion now held abroad will come back in a stampede to be exchanged for gold at any sacrifice. The ultimate result would be, when the supply for customs shall have been coined and the first effervescence has passed away, the ...
— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • Various
... drew the conversation to his friend Bentham's recently published Defence of Usury. This book, it will be remembered, was written expressly to controvert Smith's recommendation of a legal limitation of the rate of interest, and from this conversation with Adam there seems to be some ground for thinking that the book had the very unusual controversial effect of converting the antagonist against whom it was written. Smith's reason for wanting to fix the legal ...
— Life of Adam Smith • John Rae
... appearance of the country were, besides the tracts watered by our river channels, those special regions favoured with well irrigation." So important was well irrigation, that the Government had resolved to make advances to ryots willing to construct them, at a low rate of interest, and repayable by easy instalments in a long series of years. In the event of water not being found, or found in insufficient quantity, the Government had undertaken the risk of failure, so that the ...
— Gold, Sport, And Coffee Planting In Mysore • Robert H. Elliot
... sell the goods which are in the public treasury,—and I notice that these have become numerous on account of the wars,—except a few which are exceedingly useful and necessary to you: and you should loan all this money at some moderate rate of interest. In this way the land will be worked, being delivered to men who will cultivate it themselves, and the latter will obtain a starting-point and so grow more prosperous, while the treasury will have a sufficient and perpetual ...
— Dio's Rome, Vol. 4 • Cassius Dio
... day, rigorously as Fate (for this is Fate that is writing); and at the end of the account you will have it all to pay, my friend; there is the rub! Not the infinitesimalest fraction of a farthing but will be found marked there, for you and against you; and with the due rate of interest you will have to pay it, neatly, completely, as sure as you are alive. You will have to pay it even in money if you live:—and, poor slave, do you think there is no payment but in money? There is a payment which Nature ...
— Latter-Day Pamphlets • Thomas Carlyle
... use for his oxen, so he sold them at the first favorable opportunity, realizing enough for them to pay back the money he had borrowed of his friend, with a fair rate of interest. Surely he had made a more ...
— Jack North's Treasure Hunt - Daring Adventures in South America • Roy Rockwood
... power town governments could lend the credit of their respective towns to secure funds at any rate of interest that the council saw fit to pay. Some of the towns paid as high as 20 per cent. We passed an act prohibiting town governments from pledging the credit of their hamlets for money bearing a greater rate of interest than ...
— The Disfranchisement of the Negro - The American Negro Academy. Occasional Papers No. 6 • John L. Love
... and old usages, and in some instances stuck to them to his own loss; for, having had a sum of money lodged in the hands of a neighbouring tradesman, when long course of time had raised the rate of interest, and more was offered, he refused to accept it; an act not difficult to one, who, while he was drawing seventeen pounds a year from his curacy, declined, as we have seen, to add the profits of another small benefice to his own, lest he should be suspected of ...
— The Prose Works of William Wordsworth • William Wordsworth
... would have made the worst of every national credit and the best of none. Would the interest paid have been the interest upon which we could raise money, the rate at which France could have raised money, or the rate at which Russia could raise money? If we paid a high rate of interest we could never raise more money at low rates. If instead of raising L350,000,000 a few weeks ago for our own purposes we had floated a great joint loan of L1,000,000,000, the House can very well imagine what the result would have been. We decided after a good deal of discussion ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various |
