"Rate of interest" Quotes from Famous Books
 ... 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
... proposal suggested to him by his father, which was, that a certain sum should be paid down by Mr. Wilkins to be applied, under the management of trustees, to the improvement of the Bromley estate, out of the profits of which, or other sources in the elder Mr. Corbet's hands, a heavy rate of interest should be paid on this advance, which would secure an income to the young couple immediately, and considerably increase the value of the estate upon which Ellinor's settlement was to be made. The ...
— A Dark Night's Work • Elizabeth Gaskell
... did so in reliance upon the faith of the King and the Lord Treasurer, and upon the certainty that any failure to fulfil its obligations on the part of the Exchequer would inevitably lead to national loss of credit, and consequent bankruptcy. If the current rate of interest was 6 per cent., they advanced the money at 8 per cent., and counted on the 2 per cent. to recoup them. Clarendon thought the rate fair, and found the method eminently convenient. But the bankers relied solely upon the ...
— The Life of Edward Earl of Clarendon V2 • Henry Craik
... went with fresh courage to 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 ...
— Deaconesses in Europe - and their Lessons for America • Jane M. Bancroft
... States), enacts that "all other funds held in trust by the United States, and the annual interest accruing thereon, when not otherwise required by treaty, shall in like manner be invested in stocks of the United States bearing a like rate of interest." ...
— A Compilation of the Messages and Papers of the Presidents - Section 3 (of 4) of Volume 5: Franklin Pierce • James D. Richardson
... by "B"), to "B" for $10,000, which $10,000 "B" withdraws from The Bank by simply making out a check in favor of "C." ("B's" inducement to exchange his dollars for the stock dollars of "C" is the high rate of interest that they will return in the form of dividends, which rate is much larger than The Bank can afford to pay.) "C" deposits "B's" check with The Bank and hereby liquidates his $10,000 ...
— Frenzied Finance - Vol. 1: The Crime of Amalgamated • Thomas W. Lawson
... property and the restoration of liberty. Under the heading "Reconstruction of Property" Belloc set out a series of proposals, highly practical and very far from what is usually called revolutionary: that savings for instance made on a small scale should be helped by a very high rate of interest; that the purchase by small men of small parcels of land or businesses or houses should be freed from legal charges while these should be made heavier for those who purchased on a large scale thus encouraging small property and checking huge accumulation. ...
— Gilbert Keith Chesterton • Maisie Ward
... 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, as interest, insurance, ...
— The World's Greatest Books—Volume 14—Philosophy and Economics • Various
... 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 ...
— Jack North's Treasure Hunt - Daring Adventures in South America • Roy Rockwood
... not be satisfactorily conducted if money were merely lost in it, or spent on it without any thought of the likelihood of the expenditure proving remunerative. Profits need never be refused; but all above a fixed minimum rate of interest on the invested capital should be applied to the promotion of those purposes which the municipal theatre primarily exists to serve—to cheapen, for example, prices of admission, or to improve the general mechanism behind and before ...
— Shakespeare and the Modern Stage - with Other Essays • Sir Sidney Lee
... appealed 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 ...
— Monopolies and the People • Charles Whiting Baker
... people would not believe that, except between the largest cities, railroads on the continent could ever be profitable. But few railroads have ever been built which with honest, efficient and economical management would not pay a fair rate of interest on actual cost of construction. But in spite of this we have to this day a large number of otherwise well-informed people who question the financial success of every ...
— The Railroad Question - A historical and practical treatise on railroads, and - remedies for their abuses • William Larrabee
... important, there 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
... 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 perform 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 labouring men, fixes the hours of their work and the amount ...
— Critical and Historical Essays Volume 2 • Thomas Babington Macaulay
... 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 that ...
— A Canadian Bankclerk • J. P. Buschlen
... pesos and a tract of cleared land, without title-deeds, and consequently of no negotiable value. In the first year he inevitably fell into the hands of money-lenders, who reasonably stipulated for a very high rate of interest in view of the absence of guarantees. The rates of interest on loans under such circumstances varied as a rule from 12 to 24 per cent. I know a Visayo native who, by way of interest, commission, and charges, ...
— The Philippine Islands • John Foreman
... think he's got it. I obliged him once in the same way myself. I would explain to him what I want it for. He will see at once that it is a good thing. I'll offer him a good rate of interest, and he might be very glad to let me have it. Anyhow, ...
— The Third Degree - A Narrative of Metropolitan Life • Charles Klein and Arthur Hornblow
... conversation—a long wait. His father came back to say it was doubtful whether they could make the loan. Eight per cent., then being secured for money, was a small rate of interest, considering its need. For ten per cent. Mr. Kugel might make a call-loan. Frank went back to his employer, whose commercial ...
— The Financier • Theodore Dreiser
... should fix a fair rent, 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 grounds, ...
— Lippincott's Magazine, August, 1885 • Various
... of way 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 ...
— Proposed Roads To Freedom • Bertrand Russell
... a whimsical wink and indicated the attentive Vaniman with a jab of the thumb. "S-s-sh! Look out, or the rate of interest will go up." ...
— When Egypt Went Broke • Holman Day
... rich in his fifty years to come as he does with a legacy of $50,000 in the bank. The years, however, can yield only small variations from the established rate of interest. The human machine can manufacture only a limited amount of energy. It remains to utilize that quantity to the best advantage. This can be done only by having a purpose in life strong enough to resist alluring temptations to fritter away ...
— Euthenics, the science of controllable environment • Ellen H. Richards
... own. He was, at the time, 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 ...
— The Home and the World • Rabindranath Tagore
... all the provinces and client-states of the empire, and how all capital ultimately flowed to Rome, it will be sufficient, after what has been already said, to point to the single fact that in the money-market of the capital the regular rate of interest at this time was six per cent, and consequently money there was cheaper by a half than it was on ...
— The History of Rome (Volumes 1-5) • Theodor Mommsen
... went on working an unprofitable business, borrowing money on the credit of the joint proprietors; and in the face of all the advantages upon which they plumed themselves, plunged deeper and deeper into debt, until, being forced to borrow at a high rate of interest to pay for the use of former loans, they found their credit, in the thirteenth year of their existence, completely exhausted; and then the bubble burst at once in ruin, utter and complete, overwhelming all who were legally connected with ...
— Chambers's Edinburgh Journal, No. 460 - Volume 18, New Series, October 23, 1852 • Various
... the Black Belt of the South. He found the negroes in debt. Ever since the war they had been mortgaging their crops for the food on which to live while the crops were growing. The majority of them were living from hand to mouth on rented land, in small, one-room log cabins, and attempting to pay a rate of interest on their advances that ranged from fifteen to forty per cent per annum. The school had been taught in a wreck of a log cabin, with no apparatus, and had never been in session longer than three months out of twelve. With as many as eight or ten persons of all ages and conditions ...
— The Martin Luther King, Jr. Day, 1995, Memorial Issue • Various
... 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 ...
— Aunt Jane's Nieces at Millville • Edith Van Dyne
... 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 ...
— The Grand Babylon Hotel • Arnold Bennett
... bank officers just after the fourth, as they've decided to enlarge their board of directors, and add at least one 'rising young farmer' as he put it—And oh, Sylvia, he asked if I would allow my name to be proposed! Just think—after all the years when we couldn't get a cent from them at any rate of interest, to have that come! It's ...
— The Old Gray Homestead • Frances Parkinson Keyes
... up his mind to maintain unjust decisions, but fortune spoilt him; he had learnt in a bad school and made a bold use of his lessons. Mucianus also contributed from his private means, of which he was generous, as he hoped to get a high rate of interest out of the country. Others followed his example, but very few had his opportunity ...
— Tacitus: The Histories, Volumes I and II • Caius Cornelius Tacitus
... discreditable asylum for the politician who 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 ...
— A Backward Glance at Eighty • Charles A. Murdock
... goods; and if the dealer has additional resources, which were productively 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 ...
— Essays on some unsettled Questions of Political Economy • John Stuart Mill
... 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 and reflection ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various
... "The 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 ...
— Grey Town - An Australian Story • Gerald Baldwin
... 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 ...
— Cappy Ricks • Peter B. Kyne
... achieved an interview. 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. But in ...
— Broken to the Plow • Charles Caldwell Dobie
... almost have done as much for 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 expression of his desire for money and the acquisition ...
— The Way We Live Now • Anthony Trollope
... {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 ...
— The Public Orations of Demosthenes, volume 1 • Demosthenes
... paying the salary of a competent manager and other costs of operation, which would make a very attractive income for a single merchant, do not make a dividend to each of its many patrons much more than a good rate of interest on the total cost of purchases. It may as well be recognized that unless there be a strong loyalty to the cooperative principle by a considerable group of patrons and unless there be peculiar need of a cooperative store that it is not a mechanism ...
— The Farmer and His Community • Dwight Sanderson
... 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 to keep pace with the sun, and, should he wish it, ...
— A Journey in Other Worlds - A Romance of the Future • John Jacob Astor
... have 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 ...
— The Title Market • Emily Post
... statutes in regard to the issuance of Government bonds. The authority now vested in the Secretary of the Treasury to issue bonds is not as clear as it should be, and the bonds authorized are disadvantageous to the Government both as to the time of their maturity and rate of interest. ...
— Compilation of the Messages and Papers of the Presidents - Volume 8, Section 2 (of 2): Grover Cleveland • Grover Cleveland
... much 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 simple and solid patriotism ...
— The New Jerusalem • G. K. Chesterton
... the exchange, which originate in the Currency. 2. Effect of a sudden increase of a metallic Currency, or of the sudden creation of Bank-Notes or other substitutes for Money. 3. Effect of the increase of an inconvertible paper Currency. Real and nominal exchange. Chapter XIX. Of The Rate Of Interest. 1. The Rate of Interest depends on the Demand and Supply of Loans. 2. Circumstances which Determine the Permanent Demand and Supply of Loans. 3. Circumstances which Determine the Fluctuations. 4. The Rate of Interest not really Connected ...
— Principles Of Political Economy • John Stuart Mill
... 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 owing ...
— 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
... they bought. They could then deposit those same bonds with the Government, and issue their own bank notes against ninety per cent. of the bonds deposited. They drew interest from the Government on the deposited bonds, and at the time charged borrowers an exorbitant rate of interest for the use of the bank notes, which ...
— Great Fortunes from Railroads • Gustavus Myers
... exceedingly scarce and the rate of interest exorbitant, varying, according to the securities, from thirty-six to eighty per cent. This fact proves general poverty and dishonesty, and acts as a preventive to all improvement. So high and fatal a rate deters all honest enterprise, and the country must ...
— In the Heart of Africa • Samuel White Baker
... number of borrowers always exceeded that of the lenders of money. Having vast extent of territory, the planters were eager to obtain numbers of labourers, which raised the demand for money, and kept up the high rate of interest. The interest of money in every country is for the most part according to the demand, and the demand according to the profits made by the use of it. The profits must always be great where men can afford to take money at the rate of eight and ...
— An Historical Account Of The Rise And Progress Of The Colonies Of South Carolina And Georgia, Volume 2 • Alexander Hewatt
... which had been detained from the bankers on shutting up the exchequer in 1672. The king paid six per cent. for this money during the rest of his reign.[*] It is remarkable that, notwithstanding this violent breach of faith, the king, two years after, borrowed money at eight per cent.; the same rate of interest which he had paid before that event;[**] a proof that public credit, instead of being of so delicate a nature as we are apt to imagine, is, in reality, so hardy and robust, that it is very difficult ...
— The History of England in Three Volumes, Vol.I., Part F. - From Charles II. to James II. • David Hume
... Booth Company, it falls below seven per cent. The average profit of the various establishments is something below nine per cent. I am of course speaking of Lowell as it was previous to the war. American capitalists are not, as a rule, contented with so low a rate of interest as this. ...
— Volume 1 • Anthony Trollope
... 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 properties"; ...
— A Book for All Readers • Ainsworth Rand Spofford
... to contribute more to the support of the family, and save up money besides. But the great problem was, how to raise the necessary money. If Paul had been a railroad corporation, he might have issued first mortgage bonds at a high rate of interest, payable in gold, and negotiated them through some leading banker. But he was not much versed in financial schemes, and therefore was at a loss. The only wealthy friend he had was Mr. Preston, and he did not like to apply to him till he had ...
— Paul the Peddler - The Fortunes of a Young Street Merchant • Horatio Alger, Jr.
... "contractors," but 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 ...
— William Pitt and the Great War • John Holland Rose
... mention that when I retired from business, and took out of it the fortune that had accumulated during my twenty-two years of assiduous attention and labour, I invested the bulk of it in Three per cent Consols. The rate of interest was not high, but it was nevertheless secure. High interest, as every one knows, means riskful security. I desired to have no anxiety about the source of my income, such as might hinder my enjoying the rest of my days in ...
— James Nasmyth's Autobiography • James Nasmyth
... suggest to them ways in which they could lessen items of expenditure. To prevent their being at the mercy of money lenders, co-operative societies may be started in order to lend money at a lower rate of interest; or to supply them with capital or with tools in order ...
— Lighted to Lighten: The Hope of India • Alice B. Van Doren
... even those with employment. Often, the loss of one or two days, caused sometimes by fatigue, by the attention necessary to bestow on a wife or sick child, deprives the workman of his daily resources. Then he has recourse to the pawnbroker's, or to unlawful lenders of money, at an enormous rate of interest. Wishing, as much as possible, to lighten the burden of his brothers, the founder of the Bank of the Poor sets apart an income of twenty-five thousand francs a year, for the purpose of lending on pledges, not to exceed the amount of ten francs for each loan. The borrowers ...
— Mysteries of Paris, V3 • Eugene Sue
... fifteen thousand to twenty thousand dollars coming to the Russell brothers, more than three-quarters had been invested by Job Dowling in the Heathstone Saving Institution, a Buffalo bank that had promised the close-minded man a large rate of interest. The cashier of this bank, Braxton Bogg, had absconded, taking with him all the available cash which the institution possessed. Bogg had come to Manila, and there Ben had fallen in with him several times and finally accomplished his arrest. It was found ...
— The Campaign of the Jungle - or, Under Lawton through Luzon • Edward Stratemeyer
... 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, ...
— Finger Posts on the Way of Life • T. S. Arthur
... 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 ...
— The Bay State Monthly - Volume 1, Issue 4 - April, 1884 • Various
... years' 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 ...
— The Economist - Volume 1, No. 3 • Various
... pocketing her pride, she again sought the Beaubien, ostensibly in regard to Carmen's forthcoming debut; and then, very adroitly and off-handedly, she brought up the subject of investments, alleging that the added burden of the young girl now rendered it necessary to increase the rate of interest ...
— Carmen Ariza • Charles Francis Stocking
... spoke of her youth, her marriage, the kindness of the 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
... which the thing had been done she had found that the man to whom she had bound herself was odious to her, and that the life before her was distasteful to her. Things which before had seemed worthy to her, and full at any rate of interest, became at once dull and vapid. Her husband was in Parliament, as also had been her father, and many of her friends,—and, by weight of his own character and her influence, was himself placed high in office; ...
— Phineas Redux • Anthony Trollope
... but, be that as it may, Desprez, encouraged by the complaisance of the Treasury, desired the Receivers-General to transmit to him all the sums they could procure for payment of interest under 8 per cent., promising to allow them a higher rate of interest. As the credit of the house of Desprez stood high, it may be easily conceived that on such conditions the Receivers-General, who were besides secured by the authority of the Treasury, would enter eagerly into the proposed plan. In short, the Receivers-General soon transmitted very considerable ...
— Memoirs of Napoleon Bonaparte, Complete • Louis Antoine Fauvelet de Bourrienne
... a local Zemindar. In this capacity he made such good use of the means it offered of extorting money that he was able to set up as a moneylender at Simulgachi, close to Kadampur. When people learnt that a new Shylock was at their service, they flocked to him in times of stress. His usual rate of interest being only 5 per cent, per mensem, he cut into the business of other moneylenders, and in four or five years had no serious competitor within a radius of four miles from Kadampur itself. Once master of the situation he drew in his horns, lending money only to people ...
— Tales of Bengal • S. B. Banerjea
... Russian farmers in these new regions the government gives each man of family a certain amount of money or an equivalent in stock and tools; and in addition loans him small amounts at a low rate of interest, to be repaid in five years, with a proviso that if there be bad crops the time will be extended. For the year 1908, nine million five hundred thousand dollars was set aside to ...
— Wealth of the World's Waste Places and Oceania • Jewett Castello Gilson
... Lord Northbrook's scheme, and added to the difficulties of the Cabinet, which was divided on the question of lowering or not lowering the rate of interest. ...
— The Life of the Rt. Hon. Sir Charles W. Dilke, Vol. 2 • Stephen Gwynn
... preliminary; but now to business. I 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 Cumber, ...
— Valentine M'Clutchy, The Irish Agent - The Works of William Carleton, Volume Two • William Carleton
... 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 waste their days rushing through the ...
— Tales of Space and Time • Herbert George Wells
... 1635 tons. This 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 ends, ...
— Australia, its history and present condition • William Pridden
... proceedings of this year included a proposal for the redemption of South Sea stock and an attempted operation on the national debt, by the creation of new stocks bearing a lower rate of interest, two options of conversion being given to the holders of old stock. The idea of the creation of a two-and-half-per-cent. stock, said Mr. Gladstone in later years, though in those days novel, was very ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley
... into a twitter. Like all other single ladies, she was very nervous about her money. She was quite alive to the beauty of a high rate of interest, but did not quite understand that high interest and impaired security should go hand in hand together. She wished to oblige her brother, and was aware that she had money as to which her lawyers were looking ...
— Miss Mackenzie • Anthony Trollope
... was some delay in the transfer of this money, and his creditors were pressing him, so he asked Augereau to lend him two hundred thousand francs for five years. Augereau having agreed to this, Madame Bernadotte took it on herself to ask what rate of interest he would expect. He replied that although bankers and businessmen required interest on money which they lent, when a marshal was in the happy position of being able to help a comrade, he should not expect any reward but the pleasure ...
— The Memoirs of General the Baron de Marbot, Translated by - Oliver C. Colt • Baron de Marbot
... of him, and had grown quite confidential with him of late. Ptitsin, as was well known, was engaged in the business of lending out money on good security, and at a good rate of interest. He was a great friend ...
— The Idiot • (AKA Feodor Dostoevsky) Fyodor Dostoyevsky
... not in this work a rare opportunity for an investment that will return an ever increasing rate of interest? Enlightened patriotism, philanthropy, Christianity, all urge the prompt and generous support of such a work as this.—Tougaloo ...
— The American Missionary, Vol. 44, No. 5, May 1890 • Various
... rate of interest for the capital invested and the risks I've taken," he answered with an ...
— The Judgment House • Gilbert Parker
... 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 ...
— The Healing of Nations and the Hidden Sources of Their Strife • Edward Carpenter
... 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
... are received by them without question. They advance a fraction of the value of the article which is to be redeemed at a certain time at a high rate of interest. If not redeemed, the article is sold. Some of these dealers do not wait for the expiration of the time when an article of value is concerned, but sell it at once, and flatly deny ever having received it. The rate at which all articles are taken is sufficiently low to render ...
— The Secrets Of The Great City • Edward Winslow Martin
... ninety-nine years. (Metchnikoff says that this term is one hundred and twenty or so if you drink enough of the Bulgarian bacillus.) And one should not be content with anything short of a substantial rate of interest. ...
— The Joyful Heart • Robert Haven Schauffler
... war issue, the Liberty Loan, tax free. But in the face of the figures 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 for ...
— War Taxation - Some Comments and Letters • Otto H. Kahn
... the voyage, and pledges the keel or bottom of the ship as a security for the repayment. If the ship be 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 "Sailor's Word Book".] ...
— Diary of Samuel Pepys, Complete • Samuel Pepys |
