"Rate of interest" Quotes from Famous Books
 ... 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 ...
— Monopolies and the People • Charles Whiting Baker
... 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
... 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 ...
— The Genius • Margaret Horton Potter
... there was a 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 the ...
— Aunt Jane's Nieces at Millville • Edith Van Dyne
... the interest on them. But this does not mean that interest is remitted in the meantime. As from May 1, 1921, interest is to be debited to Germany on such part of her outstanding debt as has not been covered by payment in cash or kind or by the issue of bonds as above,[114] and "the rate of interest shall be 5 per cent unless the Commission shall determine at some future time that circumstances justify a variation of this rate." That is to say, the capital sum of indebtedness is rolling up all the time at compound interest. The effect of this provision towards ...
— The Economic Consequences of the Peace • John Maynard Keynes
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