"Rate of interest" Quotes from Famous Books
 ... 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
... must keep him with me until I could devise some means of raising the six francs, which an hour later would be eight francs, and an hour later ten francs, and so forth. Every moment that I delayed payment swelled the debt; like a ruinous rate of interest, and diminished the possibility of ever being able to pay him at all. And of course I could not keep him with me forever,—go about the world henceforth in a hired coach, with a driver and span of horses ...
— The Atlantic Monthly, Volume 17, No. 102, April, 1866 • Various
... who, 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 ...
— The Healing of Nations and the Hidden Sources of Their Strife • Edward Carpenter
... 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 swamping the ...
— The Home and the World • Rabindranath Tagore
... 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 ...
— The American Missionary, Vol. 44, No. 5, May 1890 • Various
... for money.[***] This act was the remains of ancient superstition; but being found extremely iniquitous in itself, as well as prejudicial to commerce, it was afterwards repealed in the twelfth of Elizabeth. The common rate of interest, notwithstanding the law, was at ...
— The History of England in Three Volumes, Vol.I., Part C. - From Henry VII. to Mary • David Hume
... 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 ...
— The Moravians in Georgia - 1735-1740 • Adelaide L. Fries
... 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 ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... the losses of their neighbours. These poor people are obliged to borrow money on their growing crops, the prices of which are regulated by the will of the lender rather than by the standard of the market, and the rate of interest which the cultivators pay for these loans is often not less than 40 or ...
— The trade, domestic and foreign • Henry Charles Carey
... cold when they were forced into the mud or the ice; so that slavery was considered a relief from the burden of debt, and a blessing. Such evils as these Lucullus discovered in the cities, and in a short time he relieved the sufferers from all of them. In the first place, he declared that the rate of interest should be reckoned at the hundredth part,[382] and no more; in the second, he cut off all the interest which exceeded the capital; thirdly, what was most important of all, he declared that the lender should receive the fourth part of the income of the debtor; but any lender who ...
— Plutarch's Lives, Volume II • Aubrey Stewart & George Long
... the various states. The rate of interest authorized by a particular state is not invariably fixed, but is changed as the condition of the people ...
— Usury - A Scriptural, Ethical and Economic View • Calvin Elliott
... of twenty-four, which I was obliged to suppose in the calculation for the year 1825. When a sugar-house, a great manufacture or a mine is found in the hands of the person who first formed the establishment, the estimate of the rate of interest which the capital employed yields to the proprietor, can be no guide to those who, purchasing afterwards, balance the advantages ...
— Equinoctial Regions of America V3 • Alexander von Humboldt
... 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 questionable superintendence. ...
— Eight Years' Wandering in Ceylon • Samuel White Baker
... 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 the active leisure which I desired. I had for some time before my retirement ...
— James Nasmyth's Autobiography • James Nasmyth
... while we live from day to day, he possesses a notion of a to-morrow; we despise him, and we could not do without him. We are always thirsty, and he supplies us with drink; we never have ready money, and he loans it to us at an enormous rate of interest; we cannot return it to him, and he reimburses himself by seizing our goods and chattels, our jewels, our land, and our castles. We take out our revenge in insolence, and from time to time in petty persecutions, and we gradually arrive at the conclusion that the sole means of freeing ourselves ...
— Samuel Brohl & Company • Victor Cherbuliez
... original value of the wine, and because no other article of production or manufacture is taxed in anything like this proportion; impolitic, because the business is now in its infancy, struggling against enormous difficulties, among which may be mentioned the high price of labor, rate of interest, and cost of packages, making it difficult to compete with the wines of Europe, which have already established themselves in the country, and which are produced where interest is only three per cent. per annum, and ...
— The Atlantic Monthly, Vol. 13, No. 79, May, 1864 • Various
... other that incidental to investment, which parts are to be compared respectively with the insurance claims met, and interest receipts of the company for the same time; or what is equivalent in the latter case, the net rate of interest earned after deducting the incidental ...
— Scientific American Supplement, No. 455, September 20, 1884 • Various
... Erastus 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
... to a socius at a rate of interest dependent on his returns, perhaps with a pactum de ...
— A History of Rome, Vol 1 - During the late Republic and early Principate • A H.J. Greenidge
... socialist 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"; while ...
— A Book for All Readers • Ainsworth Rand Spofford
... differed from the scheme of Lassalle in that it would utilize the government's enormous Civil War debt, instead of its taxing power, as a means of furnishing capital to labor. This was to be done by reducing the rate of interest on the government bonds to three percent and by making them convertible into legal tender currency and convertible back into bonds, at the will of the holder of either. In other words, the greenback currency, instead of being, as it was at the time, an irredeemable ...
— A History of Trade Unionism in the United States • Selig Perlman
... 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 ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley
... see," he took hold of my sleeve, "I, too, have not been fortunate; in fact, it's difficult to save a great deal out of L 190 a year; but the capital is perfectly safe—and I get L 47, 10s. a quarter, paid on the nail. I have often been tempted to reinvest at a greater rate of interest, but I've never dared. Anyway, there are no debts—I've been obliged to make a rule not to buy what I couldn't pay for on the spot.... Now I am really plaguing you—but I wanted to tell you—in case-anything should happen to me." He seemed ...
— Forsyte Saga • John Galsworthy
... 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
... 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 ...
— 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
... 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 ...
— The Englishwoman in America • Isabella Lucy Bird
... twenty-five 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 of the Money Market he attributes to the large amount of paper money in circulation, ...
— The Economist - Volume 1, No. 3 • Various
... debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • 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 ...
— Aunt Jane's Nieces at Millville • Edith Van Dyne
... midnight counsel the sisters had 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 ...
— Bunner Sisters • Edith Wharton
... pledge the keel, or bottom of the ship, as a security for the repayment. If the ship be lost the lender also loses his whole money; but if it return 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. The affair is, however, only regarded as valid upon the ground of necessity; and thus exacting more than the interest allowed by law is not ...
— The Sailor's Word-Book • William Henry Smyth
... 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 with the value of Money, but often confounded ...
— Principles Of Political Economy • John Stuart Mill
... on a given sum for any number of days, at any rate of interest, multiply the principal by the number of ...
— The Handy Cyclopedia of Things Worth Knowing - A Manual of Ready Reference • Joseph Triemens
... proportion to that of land and of timber; but it is essentially a wasteful economy. [Footnote: "In America," says Clave (p. 124, 125), "where there is a vast extent of land almost without pecuniary value, but where labor is dear and the rate of interest high, it is profitable to till a large surface at the least possible cost. EXTENSIVE cultivation is there the most advantageous. In England, France, and Germany, where every corner of soil is occupied, and the least bit of ground is sold at a high ...
— The Earth as Modified by Human Action • George P. Marsh
... instructed his solicitors to realise all the mortgages and railway-stock and other admirable securities in which his money was invested and hand over the cash to him. He then went in for the highest rate of interest which anyone would promise him. The consequence was that, within twelve years, he was almost a poor man, his annual income having dwindled from about three thousand to about four ...
— The Best British Short Stories of 1922 • Edward J. O'Brien and John Cournos, editors
... 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 ...
— Tales of Space and Time • Herbert George Wells
... 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; and he repealed all the laws of Draco except those against murder. He next arranged ...
— Mosaics of Grecian History • Marcius Willson and Robert Pierpont Willson
... every resource of the country to the reduction of the National debt. It was not with him, as I understand it, a question whether a little saving could be made in the way of taxes by postponing the payment until the rate of interest should be less or the National resources greater. He saw that it was important that the people should not get accustomed, as the English people are, to consider a National debt as something that was to continue always. He saw that it was ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... Ahab, it can only be said that he had his 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 ...
— THE LEGENDS OF THE JEWS VOLUME IV BIBLE TIMES AND CHARACTERS - FROM THE EXODUS TO THE DEATH OF MOSES • BY LOUIS GINZBERG
... in the stocks of the 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
... Ransome's little shop. Even with the assistance of the young man, Mr. Ponting, 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
... connection between them and its bounties. Next summer I must let the weeds grow up in my garden, so that they may have a better chance for seeds above the stingy level of the universal white. Of late I have opened a pawnbroker's shop for my hard-pressed brethren in feathers, lending at a fearful rate of interest; for every borrowing Lazarus will have to pay me back in due time by monthly instalments of singing. I shall have mine own again with usury. But were a man never so usurious, would he not lend a winter seed for a summer song? ...
— A Kentucky Cardinal • James Lane Allen
... 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 ...
— France and the Republic - A Record of Things Seen and Learned in the French Provinces - During the 'Centennial' Year 1889 • William Henry Hurlbert
... and later issues; but whatever change of form or date they underwent, they continued to represent practically just three things: the effort to conquer Santo Domingo, the expedition to Mexico, and the efforts to subdue Cuba. A movement to refund at a lower rate of interest was begun in 1890, and for this purpose an issue of $175,000,000 of Spanish bonds was authorized, to be paid out of the revenues of Cuba, but with the guaranty of the Spanish nation. Before many had been placed the insurrection had again broken out. Thenceforward ...
— Problems of Expansion - As Considered In Papers and Addresses • Whitelaw Reid
... the businesslike statement of his terms, but even while he named the amount which he was willing to risk upon Young Denny's arid, rocky acres, and the rate of interest which he felt compelled to demand, his brain was racing far ahead of the matter in hand. It was the Judge himself who engineered the half hour's delay which resulted in the fullest possible audience for their appearance that ...
— Once to Every Man • Larry Evans
... 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
... not having his money, he might charge something 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
... with great difficulties, and calculated to impose an enormous additional burthen upon them; it must, however, he holds, be done, or the people will starve. In reply to those who called for loans, at a low rate of interest, to be expended on the improvement of the land, he says, it is to be remarked that there are already a million of pounds sterling in the hands of the Board of Works, to be lent for the drainage of Irish estates, and but few had availed themselves of ...
— The History of the Great Irish Famine of 1847 (3rd ed.) (1902) - With Notices Of Earlier Irish Famines • John O'Rourke
... rent, the money-lender, and other clamouring creditors. The bunniahs will take repayment in kind. They put on the interest, and cheat in the weighments and measurements. So much has to be given to the weigh-man as a perquisite. If seed had been borrowed, it has now to be returned at a ruinous rate of interest. Some seed must be saved for next year, and an average poor ryot, the cultivator of but a little holding, very soon sees the result of his harvesting melt away, leaving little for wife and little ones to live ...
— Sport and Work on the Nepaul Frontier - Twelve Years Sporting Reminiscences of an Indigo Planter • James Inglis
... "hard time" at the close of 1886. The small rate of interest we had been compelled to take for money had been a good thing. It had enlivened investments in building factories and starting great enterprises. The 2 per cent. per month interest was dead. The fact that a few small fish dared ...
— T. De Witt Talmage - As I Knew Him • T. De Witt Talmage
... to the lending of money by the government at a fixed low rate of interest, instead of at whatever rates it might obtain according to the state of the money market, as private banking institutions would do, might be found in the liability that the parties to whom it was loaned might reloan it at higher rates, and ...
— The Arena - Volume 4, No. 22, September, 1891 • Various
... with the laws of trade, which attends the circulation of gold and silver coin everywhere. Supply follows demand, and a nation with a specie currency inevitably attracts the precious metals by outbidding other nations in the rate of interest it offers for them. Why, therefore, should we shut ourselves out from the advantages of this form of communion with the commercial world by postponing the resumption of specie payments a day longer ...
— Lippincott's Magazine. Vol. XII, No. 33. December, 1873. • Various
... 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 ...
— The History of Tasmania, Volume I (of 2) • John West
... a sign) No more of this insolence! Otherwise, my dear sir, I shall be forced to demand a settlement of our accounts—and, my dear M. Pierquin, you will lose a good deal of the price at which you sold your money to me. And at the rate of interest you charge, I shall cost you more than the value ...
— Mercadet - A Comedy In Three Acts • Honore De Balzac
... according as money is abundant or scarce, the loan for a long or a short period, and the borrower of more or less certain solvency. For ordinary loans the relations of supply and demand are amply competent to regulate the rate of interest, while he who incurs an extra-hazardous risk fairly earns a correspondingly high rate of compensation. There is, therefore, no intrinsic wrong in one's obtaining for the use of his money all that it is worth; and while ...
— A Manual of Moral Philosophy • Andrew Preston Peabody
... possible for smaller farmers. The more important of those advantages are the regulated purchase of all raw materials and half-finished products (artificial manures, feeding stuffs, seeds, etc.), better prices for products, facilities for making use, in moderation, of personal credit at a cheap rate of interest, together with the possibility of saving and putting aside small sums of interest; all these advantages of the large farmer have been placed within the reach of the small farmers by local co-operative societies for buying, selling, and farming co-operatively, as well as by saving and ...
— Another Sheaf • John Galsworthy
... it not be less in this way, that you might turn your money over twice before these accounts were settled, and you would either have the interest for the year or you might make another profit?-True; but the rate of interest is so exceedingly small at present, that the money is worth scarcely ...
— Second Shetland Truck System Report • William Guthrie
... 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
... 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 ...
— The Coming of the Friars • Augustus Jessopp
... exceptions. Individuals, who possessed influence sufficient, or from other causes, were permitted to possess ships of their own, but only on the express condition that the state might command them and the services of their crews, whenever it was necessary. The legal rate of interest was fixed by Justinian at six per cent.; but for the convenience and encouragement of trade, eight was allowed on money lent to merchants and manufacturers; and twelve on the risk ...
— Robert Kerr's General History and Collection of Voyages and Travels, Volume 18 • William Stevenson
... 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
... 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 ...
— War Taxation - Some Comments and Letters • Otto H. Kahn
... a full term; on the 1st of March, his farmer settles his account with a bag of grain.[2148] The effect is just the same as if we had made fresh contracts, and reduced by one-half, three-quarters, or, even more, the rate of interest on loans, the rent of houses and the leases of farm lands.—Whilst the revenue of the landlord evaporates, his capital melts away, and we do the best we can to help this along. If he has claims on ancient corporations ...
— The Origins of Contemporary France, Volume 4 (of 6) - The French Revolution, Volume 3 (of 3) • Hippolyte A. Taine
... 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 to keep pace with the sun, and, should he wish ...
— A Journey in Other Worlds • J. J. Astor
... health, and though, as before, he paints the cupola 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, and in the houses where I work, they offer me tea, and send ...
— The Chorus Girl and Other Stories • Anton Chekhov
... 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 ...
— The Extraordinary Adventures of Arsene Lupin, Gentleman-Burglar • Maurice Leblanc
... told me also how this 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 ...
— Kenelm Chillingly, Complete • Edward Bulwer-Lytton
... 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 I have named. He was ...
— As I Remember - Recollections of American Society during the Nineteenth Century • Marian Gouverneur
... 7,130 dollars; and, after deducting the annual 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 ...
— The Commercial Products of the Vegetable Kingdom • P. L. Simmonds
... with the dupes and victims of the rage for speculation which possessed all classes of society in 1825, and arose out of an immense accumulation of wealth for which no safe employment could be found at home except at a modest rate of interest. The weakening of the hold of Spain on South America left her colonies open to foreign trade, but the enterprises there and elsewhere which absorbed the hard-won savings of humble families, by thousands and tens of thousands, were nearly all chimerical, ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick
... 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 ...
— The Bay State Monthly - Volume 1, Issue 4 - April, 1884 • Various
... 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 many debtors ...
— Historic Tales, Volume 11 (of 15) - The Romance of Reality • Charles Morris
... paid for the use of money, or a profit per cent, received for money lent, or on an unpaid demand. Thus a person lends $1,000 to another person, who pays for the use of it six per cent, a year, or $6 for every hundred, as interest. The rate of interest is fixed by a ...
— The Government Class Book • Andrew W. Young
... 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, the indefinite ...
— Letters and Journals of James, Eighth Earl of Elgin • James, Eighth Earl of Elgin
... of Ismail Pasha had not been expressed a day too soon. They recommended that an arrangement should be come to with the bondholders by which all the loans were to be placed on the same footing, and the rate of interest reduced to some figure that might be agreed upon. It then became necessary to negotiate with the bondholders, who appointed Mr Goschen for the English section, and M. Joubert for the French, to look after ...
— The Life of Gordon, Volume II • Demetrius Charles Boulger
... 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 ...
— Mr. Fortescue • William Westall
... very little knowledge of the real value of her jewelry, and she had an equally dim notion of what a pawn shop was. But she did know that at pawn shops people were able to borrow money at a high rate of interest on their valuable possessions, and this seemed to be the only way ...
— The Automobile Girls At Washington • Laura Dent Crane
... Orleans, the Sire de Rais contributed most to the expenses of the siege of Jargeau.[1191] This unfortunate noble spent thoughtlessly right and left, while rich burgesses made great profits by lending to him at a high rate of interest. The sorry state of his affairs was shortly to bring him to attempt their readjustment by vowing his soul to ...
— The Life of Joan of Arc, Vol. 1 and 2 (of 2) • Anatole France
... He must not despise a potato paring or a straw, but remember that one of his potatoes still needs a skin, and one of his ears of corn a stalk. The expense for this importation is slight, the outlay secure; a savings bank is not securer, and no investment brings in a higher rate of interest. The returns of his fields will be doubled in ten years: he will produce more corn, more meat and more cheese without expending more time or labor, and he will not be driven by constant anxiety to seek for new and unknown ...
— Woman under socialism • August Bebel
... practical turn was also given by their cousins, Isaac and Jacob Pereire, who, as bankers, had thought out the best means of carrying out the principles of the school into practical life. An extension of the facilities for banking would lower the rate of interest and therefore leave more to be distributed to the workers, while the development of railways would reduce the cost of transportation and thus lower the cost of living and raise real wages. Accordingly the Pereires devoted themselves, ...
— The Menorah Journal, Volume 1, 1915 • Various
... average in Germany was 6 per cent. and this was made the legal rate by Brandenburg in 1565. But usurers, able to take advantage of the necessities of poor debtors, habitually exacted more, as they do now, and loans on small mortgages or on pawned articles often ran at 30 per cent. On the whole, the rate of interest ...
— The Age of the Reformation • Preserved Smith
... and they may be by persons who are not other- wise customers, are not carried to a customer's account, but, as in the case of the Blankshire Bank, are placed on a special form of receipt which is changed for a new one when the in- terest or any part of the principal is withdrawn. The rate of interest allowed by the Blankshire Bank, and by the country banks generally, is a fixed one, but that of the London banks is regulated by the value of money, and fluctuates from time to time, notice being given by adver- tisement in the London ...
— Everybody's Guide to Money Matters • William Cotton, F.S.A.
... Consequently, I maintain that you should first of all 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 revenue. ...
— Dio's Rome, Vol. 4 • Cassius Dio
... Library Table. Ample as is this title-page, it really gives but an imperfect notion of the varied contents of this useful library and writing-desk companion. For instance, Table VIII. of the Miscellaneous Tables gives the average price of Consols, with the average rate of interest, from 1731 to 1851; but this not only shows when Consols were highest and when lowest, but also what Administration was then in power, and the chief events of each year. We give this as one instance of the vast amount of curious information here ...
— Notes and Queries, Number 197, August 6, 1853 • Various
... 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 than George Peabody himself, ...
— Little Journeys to the Homes of the Great, Volume 11 (of 14) - Little Journeys to the Homes of Great Businessmen • Elbert Hubbard
... dispense with his services about the beginning of April, and promised to engage a vessel at Sayda to convey him and his family to Cyprus. Before his departure she produced a list of her debts, which then amounted to L14,000. The greater part of this sum, which had been borrowed at a high rate of interest from native usurers, had been spent in assisting Abdallah Pasha, the family of the Sheikh Beshyr, and many other ...
— Little Memoirs of the Nineteenth Century • George Paston
... landlords to improve their property by offering to lend, at different rates of interest, two-thirds of the money to be spent, always with the proviso that the Government engineer approves of the plan and sees the work well and duly performed. Under the old Act of William IV., passed in 1835, the rate of interest was fixed at 5 per cent. Under this statute Mr. Drinkwater applied for 45,000l. and thanks to his ill-timed energy in urging his application, obtained his loan at 5 per cent., just before the Act of 1879 was brought in for affording somewhat similar ...
— Disturbed Ireland - Being the Letters Written During the Winter of 1880-81. • Bernard H. Becker
... took the precaution of forwarding the money he had received down to Madras; sending it piecemeal, in charge of native merchants and traders. It was, by these, paid into the Madras treasury, where a large rate of interest, for all monies lent by its employees, was given by ...
— With Clive in India - Or, The Beginnings of an Empire • G. A. Henty
... notorious coward, had made itself wings and fled, and specie was creeping into strong boxes like a startled rabbit into its hole. The fine was paid; but Beaurepaire had to be heavily mortgaged, and the loan bore a high rate of interest. This, with the baron's previous mortgages, ...
— White Lies • Charles Reade
... 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
... with his wife's dowry; but there 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 of being of service. That is the man whom some have represented ...
— The Memoirs of General the Baron de Marbot, Translated by - Oliver C. Colt • Baron de Marbot
... 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
... it was so easy to get money—on such very good security and paying such a good adequate rate of interest." ...
— The Marriage of Elinor • Margaret Oliphant
... 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 ...
— International Finance • Hartley Withers
... they tell you they are in debt, and, though that may be true, it is not true that they will use the money you give them to pay what they owe. They take no thought of the morrow; they will agree to as high a rate of interest as may be asked, and with your money they will buy a hemp-field or a set of furniture so as to astonish their neighbours and make them jealous. Meanwhile their debts go on increasing year by year, and in the end they have to sell their hemp-field ...
— Mauprat • George Sand
... preferencaj akcioj | prefehrent'sahy | | ahk-tsee'oy prepaid | afrankita | afrahn-kee'ta price | prezo | preh'zo price-list | prezaro | prehzahr'o quarantine | kvaranteno | kvarahn-teh'no quotation (of | prezpropono | prehz'prohpo'no price) | | rate of interest | procento | prohtsehn'toh receipt | kvitanco | kvitahnt'so receiver | likvidisto | likvee-dist'o register, to | registri | reh-ghees'tree registered tonnage | registra tonajxo | reh-ghees'tra tonah'zho registration | registr-o, -ado | reh-ghees'-tro, | | -trah'doh representative | reprezentanto ...
— Esperanto Self-Taught with Phonetic Pronunciation • William W. Mann
... 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
... 1409, more than eighty years after the date of the Bishop's benefaction. According to the first statute for the regulation of Cobham's Library, the best of the books were to be sold so as to raise a sum of L40, which according to the current rate of interest would produce a yearly income of L3 for the librarian; the other books, together with those from the University Chest, were to be chained to the desks for the general use of the students. It was soon found necessary ...
— The Great Book-Collectors • Charles Isaac Elton and Mary Augusta Elton
... are requested to examine the Plan of this Institution, by which a high rate of Interest may be obtained ...
— Notes and Queries, Number 201, September 3, 1853 • Various
... gold on the Government bonds that 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
... money." In the language of commerce, "money" has two meanings: currency, or the circulating medium; and capital seeking investment, especially investment on loan. In this last sense the word is used when the "money market" is spoken of, and when the "value of money" is said to be high or low, the rate of interest being meant. The consequence of this ambiguity is, that as soon as scarcity of money in the latter of these senses begins to be felt—as soon as there is difficulty of obtaining loans, and the rate of interest is high—it is concluded that this must arise from causes acting ...
— A System Of Logic, Ratiocinative And Inductive • John Stuart Mill
... of a general level of economic equality, even while he is sceptical of its attainment. He insists upon the economic value of high wages, though he somewhat belittles the importance of wealth in the achievement of happiness. Before Bentham, who on this point converted Adam Smith, he knew that the rate of interest depends upon the supply of and demand for loans. He insists that commerce demands a free government for its progress, pointing out, doubtless from his abundant French experience, that an absolute government gives to the commercial ...
— Political Thought in England from Locke to Bentham • Harold J. Laski
... dairymaid, could play on it; that is why I talked economy to them and urged them to place some part of each month's wage in the Exeter Savings Bank; and that is why, early in 1898, I formulated a plan for investing their wages at a more profitable rate of interest. I asked each one to give me a statement of his or her savings up to date. They were quite willing to do this, and I found that the aggregate for the eight men and three women was $2530. Anderson, who saved most of his wages, had an account ...
— The Fat of the Land - The Story of an American Farm • John Williams Streeter
... would enable him 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 ...
— Paul the Peddler - The Fortunes of a Young Street Merchant • Horatio Alger, Jr.
... has been carried out for the commission quite free of the usual charges by large transportation firms who offered these concessions in the cause of humanity. Banks generally have given their exchange services and have paid the full rate of interest on deposits. Insurance has been facilitated by the British Government Insurance Commissioners, and the firms who fixed the insurance have subscribed the equivalent of their fees. Harbor dues and port charges have been remitted at many points and stevedoring firms have made important concessions ...
— History of the World War - An Authentic Narrative of the World's Greatest War • Francis A. March and Richard J. Beamish
... you make to the party of the second part, to Mr. Langdon, is to be repaid to you at his convenience, and with the legal rate of interest, within one year from date. At the church where the wedding ceremony shall take place, and immediately before that event, you are to give to Miss Langdon, a cashier's check for ten-million dollars, which she will endorse and send to the bank, before the ...
— The Last Woman • Ross Beeckman
... these men 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 Secrets Of The Great City • Edward Winslow Martin
... 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, should ...
— The Arena - Volume 4, No. 21, August, 1891 • Various
... portion of our securities, and American taxpayers are made to contribute large sums for their support. The idea that such a debt is to become permanent should be at all times discarded as involving taxation too heavy to be borne, and payment once in every sixteen years, at the present rate of interest, of an amount equal to the original sum. This vast debt, if permitted to become permanent and increasing, must eventually be gathered into the hands of a few, and enable them to exert a dangerous and controlling power in the affairs of the Government. The borrowers ...
— State of the Union Addresses of Andrew Johnson • Andrew Johnson
... stipulation as to whether the foreign bank loaning the money wants to loan it on the basis of receiving a commission and letting the borrower take the risk of how demand exchange may fluctuate during the life of the loan, or whether the lender prefers to lend at a fixed rate of interest, say six per cent., and himself accept ...
— Elements of Foreign Exchange - A Foreign Exchange Primer • Franklin Escher |
