"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
... expenses. It was otherwise 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, ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick
... 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 law of ...
— The Government Class Book • Andrew W. Young
... expenses, leaving 5,300 dollars as the regular return on the capital invested, which, having been about 40,000 dollars, gives about thirteen per cent.; not certainly to be considered extravagant in a country where twelve per cent, is the regular rate of interest. The produce of coffee from each section is given at 400 arrobas, or 3,500 arrobas for the whole of the nine sections. The average price of coffee, free of the expense of carriage, is assumed to be two dollars the arroba, or eight dollars per quintal, which would give a return ...
— The Commercial Products of the Vegetable Kingdom • P. L. Simmonds
... spinners in Massachusetts and your iron-makers in Pennsylvania. We have learned that the $400,000,000 annually received from our cotton crop will make us rich, when the supplies that make it are homeraised. We have reduced the commercial rate of interest from twenty-four to six per cent., and are floating four per cent. bonds. We have learned that one Northern immigrant is worth fifty foreigners, and have smoothed the path to southward, wiped out the place where Mason and Dixon's line used to be, and hung our ...
— America First - Patriotic Readings • Various
... 10 per cent (enforced in 397) to 5 per cent (in 407) for the year of twelve months, and at length (412) the taking of interest was altogether forbidden. The latter foolish law remained formally in force, but, of course, it was practically inoperative; the standard rate of interest afterwards usual, viz. 1 per cent per month, or 12 per cent for the civil common year—which, according to the value of money in antiquity, was probably at that time nearly the same as, according to its modern value, a rate of 5 or 6 per cent—must have been already about this period established ...
— The History of Rome (Volumes 1-5) • Theodor Mommsen
... mistaking his sincerity. He agreed to give Graustark a new lease of life, as it were, by extending the fifteen years, or, in other words, to grant the conquered an additional ten years in which to pay off the obligations imposed by the treaty. He furthermore offered a considerable reduction in the rate of interest for the next ten years. But he had a condition attached to this good and gracious proposition; the marriage of Graustark's sovereign. His ambassador set forth the advantages of such an alliance, and departed with a message that the matter ...
— Graustark • George Barr McCutcheon
... agency control practically throughout the world, 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 ...
— History of the World War - An Authentic Narrative of the World's Greatest War • Francis A. March and Richard J. Beamish
... sure that I have any active hope of a higher rate of interest in the other world for it. I am not as sound in the doctrines as you, doctor." Squire Eben laughed, but the other turned ...
— Jerome, A Poor Man - A Novel • Mary E. Wilkins Freeman
... 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 price of labor one-quarter of what it is in California. In addition to this there ...
— The Atlantic Monthly, Vol. 13, No. 79, May, 1864 • Various
... The losses it will inflict upon the holders of paper money and many others will be large, and if the bill, without further radical amendments, obtains the approval of the Senate, it will give the death-blow to the cardinal policy of the country, which now seeks a large reduction of the rate of interest upon our national debt. Even that portion now held abroad will come back in a stampede to be exchanged for gold at any sacrifice. The ultimate result would be, when the supply for customs shall have been coined and the first effervescence has passed away, the emission ...
— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • Various
... MONEY 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
... year's crops for titles to future years' crops we shall get a high price for the former and pay a low price (in present valuation) for the latter. Investment securities are, and will be, a drug on the market. In other words, the rate of return to the investor will be high; the rate of interest on long-time loans will be high and stay high, that on short-time loans may fluctuate greatly. The rise in the rate of interest on long-time investments is one of the most vital and far-reaching effects of the war. ...
— The New York Times Current History of the European War, Vol. 1, January 9, 1915 - What Americans Say to Europe • Various
... which induces a number of businesses hitherto separate, or associated merely for certain specific actions, such as the fixing of prices or wages, to amalgamate so that they form a single capital on which a single rate of interest is paid, is a double-edged one. There is, on the one hand, the desire to protect themselves against excessive competition and cutting of rates, and on the other hand a desire to secure the advantages which arise from monopoly. The way in which Syndicates ...
— The Evolution of Modern Capitalism - A Study of Machine Production • John Atkinson Hobson
... value of our thoughts determine a man's value to society. No investments bring so high a rate of interest as investments of brain. Hand work earns little, but head work much. In a Western camp one miner put his lower brain into the pickaxe and earned $2.00 a day; another miner put his higher brain into the stamp-mill ...
— A Man's Value to Society - Studies in Self Culture and Character • Newell Dwight Hillis
... differ in the various states. The rate of interest authorized by a particular state is not invariably fixed, but is changed as the condition of ...
— Usury - A Scriptural, Ethical and Economic View • Calvin Elliott
... method, all expenses may be subtracted from all the sales. From the cash balance thus obtained the increase or decrease in inventory may be added or subtracted. This balance may then be divided by the capital invested, to determine the rate of interest received. ...
— The Young Farmer: Some Things He Should Know • Thomas Forsyth Hunt
... national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • Various
... merchant. For Antonio both hurt his pride and injured his business. "But for him," thought Shylock, "I should be richer by half a million ducats. On the market place, and wherever he can, he denounces the rate of interest I charge, and—worse than ...
— Beautiful Stories from Shakespeare • E. Nesbit
... 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 ...
— The Life of Joan of Arc, Vol. 1 and 2 (of 2) • Anatole France
... is powerful little money to pay for its use," she answered, smiling. "But that isn't all I am here to say. If you don't mind and will let me get through it will save time, and then questions can be asked and answered. Last year the rate of interest on all taxable property was one dollar and twenty-five cents per one hundred dollars. This year, Mr. Councilmen, if you really love Yorkburg, you will raise it to one ...
— Miss Gibbie Gault • Kate Langley Bosher
... 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 ...
— Another Sheaf • John Galsworthy
... subsequent apology in "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 ...
— Grey Town - An Australian Story • Gerald Baldwin
... which the Spanish Government offered to pay one thousand pounds English sterling money at the end of thirty years, to the bearer; and at the bottom was a great array of coupons for semi-annual interest on the above, the rate of interest being six per cent., and consequently each coupon being ...
— A Castle in Spain - A Novel • James De Mille
... But this lasted only a moment. He evidently thought it would not be wise to show too great a delight,—a mercantile caution not at all necessary, and ridiculous under present circumstances. He only pressed my hand and said: "Thank you,—at what rate of interest?" ...
— Without Dogma • Henryk Sienkiewicz
... four millions. The paper of the Treasury was rapidly depreciating and the premium on gold rising until the value of a one dollar green-back note was less than fifty cents in real money. The bankers, fearing the total bankruptcy of the Nation, had begun to refuse further loans on bonds at any rate of interest. ...
— The Southerner - A Romance of the Real Lincoln • Thomas Dixon
... the Hire System—that is to say, for the accommodation of being allowed to pay for the machine by instalments— he is charged, in addition to the full market value of his purchase, ten or twenty times the amount of what would be a fair rate of interest, and more than this if he should at any time, through misfortune, fail in his payment, the total amount already paid will be confiscated, the machine seized, and ...
— "In Darkest England and The Way Out" • General William Booth
... 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
... valuable asset in the battle-royal between Republicans and Democrats for the possession of Minnesota. As lieutenant governor, Donnelly early showed his sympathy with the farmers by championing laws which lowered the legal rate of interest and which made more humane the process of foreclosure on mortgages. The outbreak of the Civil War gave him an opportunity to demonstrate his executive ability as acting governor during Ramsey's frequent trips to Washington. In this capacity he issued the first ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck
... 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 ...
— Second Shetland Truck System Report • William Guthrie
... landlord gets 12 per cent. bonus on his sale, and this sum is part of his life estate, and need not, therefore, be invested in trust securities, but may be invested in stock yielding a higher rate of interest. This point was not clear in the Act of 1903, but was explicitly enacted in an amending ...
— Ireland and the Home Rule Movement • Michael F. J. McDonnell
... in cotton 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
... necessary capital for the publication of my operas, refusing to consider the act as one involving any sacrifice on her part. This money she proposed to get by selling out her investments in Polish state-bonds, and I was to pay the customary rate of interest. The thing was so easily done, and seemed so much a matter of course, that I at once made all needful arrangements with my Leipzig printer, and set to work on the publication ...
— My Life, Volume I • Richard Wagner
... 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
... affairs. Accordingly he 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
... though he has regained his 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, ...
— The Chorus Girl and Other Stories • Anton Chekhov
... very 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 ...
— The New Jerusalem • G. K. Chesterton
... 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, there's ...
— The Third Degree - A Narrative of Metropolitan Life • Charles Klein and Arthur Hornblow
... 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, ...
— A History of Trade Unionism in the United States • Selig Perlman
... our rate of interest; but his money is in India, where he gets a great percentage. His income must be five or six thousand pounds, ma'am," says Barnes, ...
— The Newcomes • William Makepeace Thackeray
... became a law, providing that, for the purpose of redeeming and retiring compound-interest notes, the Secretary of the Treasury should issue temporary loan certificates, to the amount of $50,000,000, at a rate of interest not exceeding ...
— History of the Thirty-Ninth Congress of the United States • Wiliam H. Barnes
... that that is not my intention either," exclaimed Gentz, laughing. "God has placed a capital in my head, and you may be sure that I shall know how to invest it at a good rate of interest." ...
— LOUISA OF PRUSSIA AND HER TIMES • Louise Muhlbach
... going to improvement, and in the other draws capital from it; but by discouraging improvement, the monopoly necessarily retards the natural increase of another great original source of revenue, the rent of land. By raising the rate of profit, too, the monopoly necessarily keeps up the market rate of interest higher than it otherwise would be. But the price of land, in proportion to the rent which it affords, the number of years purchase which is commonly paid for it, necessarily falls as the rate of interest rises, and rises as the rate of interest falls. The monopoly, therefore, ...
— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith
... increase in capital was necessary for these improvements, the elimination of curves being the most laborious part, requiring bridges, cuttings, and embankments that dwarf the Pyramids and would have made the ancient Pharaohs open their eyes; but with the low rate of interest on bonds, the slight cost of power, and great increase in business, the venture was a success, and we are now in sight of further advances that will enable a traveller in a high latitude moving ...
— A Journey in Other Worlds • J. J. Astor
... 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 ...
— The Automobile Girls At Washington • Laura Dent Crane
... their distress by decrees—Decretis suis inopiae opitulati sunt. In allusion to the laws passed at various times for diminishing the rate of interest. ...
— Conspiracy of Catiline and The Jurgurthine War • Sallust
... 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 ...
— Tales of Bengal • S. B. Banerjea
... 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 ...
— Deaconesses in Europe - and their Lessons for America • Jane M. Bancroft
... a strictly cooperative store, after 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 which will ...
— The Farmer and His Community • Dwight Sanderson
... 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 ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various
... want of a bank of our 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 by swamping the ...
— The Home and the World • Rabindranath Tagore
... Minton, the agent of the steamer Senator. I thought he could send it to New York to the owners of the steamer for its face value. He said, the best he could do with me was to give me $2,250 for it. Money was ten per cent a month, and scarce at that. Three months time, at the rate of interest there, would be $900. I said, I would take it. He gave me a check on his broker for that amount. He paid me in gold, $16 Spanish doubloon pieces. I tied them up in my handkerchief, and went to McCondery ...
— The Adventures of a Forty-niner • Daniel Knower
... rate of interest is 6 per cent but here is an investment that paid the principal and 680 per cent interest every four years. And these investigations show that the phosphorus was used with profit for the production of markedly different crops, including potatoes ...
— The Farm That Won't Wear Out • Cyril G. Hopkins
... for investment has been opened in the meantime, there is always found to have occurred, in these few years, so large an increase of capital seeking investment, as to have lowered considerably the rate of interest, whether indicated by the prices of securities, or by the rate of discount on bills; and this diminution of interest tempts the possessors to incur hazards, in hopes of a ...
— A Letter from Major Robert Carmichael-Smyth to His Friend, the Author of 'The Clockmaker' • Robert Carmichael-Smyth
... only a few hundred 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, demanded as much as 30 per cent. I ...
— The Philippine Islands • John Foreman
... hundred, etc. Reed, Steevens, and Malone have proved conclusively, if somewhat laboriously, that these wretched verses are not by Shakespeare. See also Halliwell-Phillips's Outlines, i., p. 326. It may be noted that ten per cent. was the regular rate of interest at ...
— Eighteenth Century Essays on Shakespeare • D. Nichol Smith
... 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, who had once worked for a certain Sylvester Proctor of Danvers for ...
— Little Journeys to the Homes of the Great, Volume 11 (of 14) - Little Journeys to the Homes of Great Businessmen • Elbert Hubbard
... 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 means, which do not exist, to make his ground fertile ...
— Woman under socialism • August Bebel
... money in China. According to the clan system an individual having surplus cash is obliged to lend it (though at a high rate of interest) to any members of his family in need of help. However, a Chinaman never pays cash unless absolutely obliged to and almost never settles a debt until he has been ...
— Camps and Trails in China - A Narrative of Exploration, Adventure, and Sport in Little-Known China • Roy Chapman Andrews and Yvette Borup Andrews
... 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
... Peto and other European capitalists, who, believing that eight per cent., the average rate of interest in the United States, is better than three per cent., the average rate in England, invest $10,000,000 of capital in American enterprises. This capital is sent hither in the form of merchandise, to ...
— What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Econimiques" - Designed for the American Reader • Frederic Bastiat
... further use for his oxen, so he sold them at the first favorable opportunity, realizing enough for them to pay back the money he had borrowed of his friend, with a fair rate of interest. Surely he had made a ...
— Jack North's Treasure Hunt - Daring Adventures in South America • Roy Rockwood
... 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 ...
— Political Thought in England from Locke to Bentham • Harold J. Laski
... thought 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
... 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 choler rose at ...
— The Financier • Theodore Dreiser
... billion dollars[52] to France will fix Franco-American history all right for several centuries. Push it through. Such a gift could come to this Kingdom also but for the British stupidity about the Irish for three hundred years. A big loan to Great Britain at a low rate of interest will do the ...
— The Life and Letters of Walter H. Page, Volume II • Burton J. Hendrick
... same thing as asking a favour according to our conception of the transaction. I am not asking a favour of you, sir. Far from it. I am offering you an opportunity to put a certain amount of money out at a high rate of interest." ...
— A Fool and His Money • George Barr McCutcheon
... estate, because he was very confident, from the many improvements going on in the quarter of the city where it was situated, that it would double in value in the course of ten years. He was so confident of this, that he preferred paying a high rate of interest for money for temporary purposes, rather than sell his property. So hard did he become pressed at last, that he resorted to the expedient of raising ten thousand dollars on mortgage, at ten per centum per annum. Wolford held this mortgage, as the ...
— Finger Posts on the Way of Life • T. S. Arthur
... without any promise of interest none shall be demanded, although the debt be not paid until some time after it first became due. The rate of interest is settled at twenty per cent per annum; but in all suits relating to debts on interest, how long soever they may have been outstanding, the creditor shall not be entitled to more interest than may amount to a sum equal to the capital: if the debt is recent ...
— The History of Sumatra - Containing An Account Of The Government, Laws, Customs And - Manners Of The Native Inhabitants • William Marsden
... 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 had tacked ...
— Plutarch's Lives, Volume II • Aubrey Stewart & George Long
... among its own citizens. Between 1795 and 1798, four and a half, five, and six per cent. stocks were created. In 1798 the condition of the country was embarrassing. There was a threatening prospect of war. Foreign loans were precarious and improvident; the market rate of interest was eight per cent. Under these circumstances an eight per cent. stock was created, not redeemable until 1809. An Act of March 3, 1795, provided for vesting in the sinking fund the surplus revenues ...
— Albert Gallatin - American Statesmen Series, Vol. XIII • John Austin Stevens
... money Billy had to spend in cabling me from Europe. When Billy wants to do a thing he never lets obstacles stand in his way, and he would have sent that cable if he'd had to borrow the money from the Bank of England at an awful rate of interest. What he did do I guess was to get it from his mother. She would take her head off and her heart out and hand both over if he wanted them, and it isn't her fault that William, as she calls ...
— Kitty Canary • Kate Langley Bosher
... ago expressed the warmest satisfaction at the security, though I am quite prepared to admit that the security, is of rather an unusual nature. You also agreed to the rate of interest. It is not everyone, Mr Levi, who can lend out a million at 5-1/2 per cent. And in ten years the whole amount will be paid back. I—er—I believe I informed you that the fortune of Princess Anna, who is about to accept ...
— The Grand Babylon Hotel • Arnold Bennett
... "backer," putting into the company almost the whole of all the fortune his inventions had brought him. There is a tendency to deny to the capital that thus takes desperate chances its full reward if things go right, and to insist that it shall have barely the legal rate of interest and far less than the return of over-the-counter retail trade. It is an absolute fact that the great electrical inventors and the men who stood behind them have had little return for their foresight and courage. In this instance, when ...
— Edison, His Life and Inventions • Frank Lewis Dyer and Thomas Commerford Martin
... indebtedness has been represented as incurred not by loans of money, but by advances of farm stock. This, however, completely contradicts the whole tenor of the narrative, and especially what is said about the measures for relieving the debtor by reducing the rate of interest and by deducting from the principal debt the interest already paid. The narrative as it stands, moreover, is supported by analogy. It has a parallel in the economical history of ancient Athens, and ...
— Lectures and Essays • Goldwin Smith
... 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
... 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
... its estates, and take its own time to repay the loans. A bishop could not pledge his episcopal estates beyond his own lifetime, and the result was that, in the days when life assurance was unknown, a bishop who had to raise money for a costly lawsuit would have to pay a rate of interest which would make our blood run cold if we had to pay it, or our hearts leap for joy if we could get it in these days of two and three per cent. The bishop was always at a disadvantage in these appeal cases; he stood to lose everything, and ...
— The Coming of the Friars • Augustus Jessopp
... brother Eugene. A 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
... he and his agent shall have certain sums advanced to him for the expenses of the removal to Georgia, the money to be given them only when they are ready to embark in England,—payment to be made several years later, a rate of interest having been mutually agreed on, and the estate in Georgia being given for security ...
— The Moravians in Georgia - 1735-1740 • Adelaide L. Fries
... generous intention on your part had been frustrated by a natural indignation at the elder Gordon's conduct in his harassing and costly litigation, and by the addition you had been tempted to make to the estate in a purchase which added to its acreage, but at a rate of interest which diminished your own income, and precluded the possibility of further savings. Now, chancing to meet your lawyer, Mr. Vining, the other day, I learned from him that it had been long a wish which your delicacy prevented your naming to me, that ...
— Kenelm Chillingly, Complete • Edward Bulwer-Lytton
... the playhouse receipts. A municipal theatre would 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 the scenes. No surplus profits should reach ...
— Shakespeare and the Modern Stage - with Other Essays • Sir Sidney Lee
... as 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 ...
— Euthenics, the science of controllable environment • Ellen H. Richards
... on a given sum for any number of days, at any rate of interest, multiply the principal by the number of days and ...
— The Handy Cyclopedia of Things Worth Knowing - A Manual of Ready Reference • Joseph Triemens
... 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 ...
— Disturbed Ireland - Being the Letters Written During the Winter of 1880-81. • Bernard H. Becker
... fitted to build up a diversified industry and a vigorous productive power. In regard to the degree of protection, he advocates no more than is necessary to equalize advantages. In consequence of her abundant capital, lower rate of interest, and cheaper labor, England can manufacture at less cost than we can; and this disadvantage can be counteracted only by protective legislation. The benefits which have accrued to the manufacturers of England from a governmental policy on whose stability they could rely, the advantage of a long ...
— Atlantic Monthly, Volume 10, Number 59, September, 1862 • Various
... 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 ...
— The Memoirs of General the Baron de Marbot, Translated by - Oliver C. Colt • Baron de Marbot
... to take advantage of a man in difficulties, and he never did, nor to charge any one exorbitant interest. I have known him lend to men and allow them to fix their own time of payment, their own rate of interest, and their own security. He often lent without any at all. He knew his men, and was not fool enough to trust a rogue at any amount of interest. He was known and respected by all ranks, and never more esteemed than by those who ...
— The Reminiscences Of Sir Henry Hawkins (Baron Brampton) • Henry Hawkins Brampton
... Home" is a model for the country. In 1906 the city was destroyed because unprotected against fire. Today we are as safe as a city can be. In the meantime the reduced cost of insurance pays insured citizens a high rate of interest on the cost of our high-pressure auxiliary fire system. Our streets were once noted for their poor construction and their filthy condition. Recently an informed visitor has pronounced them the best to be found. We had no creditable ...
— A Backward Glance at Eighty • Charles A. Murdock
... on a long or dangerous voyage it was customary to deposit—or, as it was called, "put out"—a sum of money, on condition of receiving at his return a high rate of interest. If he failed to return the money was lost. There are frequent allusions in old ...
— The Works of Christopher Marlowe, Vol. 3 (of 3) • Christopher Marlowe
... Indiana, who became Secretary of the Treasury in 1865, was a banker of long experience and success. He proposed, if allowed, to reduce the whole war debt, including the greenbacks, to long-term bonds bearing a low rate of interest, and to create a sinking fund which should redeem them as they fell due. This involved the withdrawal from circulation of the greenbacks, and the destruction of that amount of the money used in business. Congress authorized it, however, and McCulloch ...
— The New Nation • Frederic L. Paxson
... the honorable man who borrows money is in the same condition as the notoriously dishonest man or the spendthrift, in better governed countries. He finds it more difficult to borrow and is obliged to pay a higher rate of interest.(545) Rigorous debtor laws, on the other hand, diminish in the whole nation the amount of "bad debts," that is, a not insignificant portion of the cost of production. They, at the same time, promote, as far as it is in the power of laws to do it, national ...
— Principles Of Political Economy • William Roscher
... 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 ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... farm than he would sell if he did not use the guano, this $20 may very properly be added to the permanent capital invested in the farm. And in this aspect of the case, I have no hesitation in saying it will pay a high rate of interest. His bill for labor will be as much in one case as in the other; and if he uses the guano he will probably double his crops. His grass lands will carry twenty cows instead of ten, and if he raises the corn-fodder and roots, he can probably keep thirty cows better ...
— Talks on Manures • Joseph Harris
... On first-class mortgages the rate of interest varies from 6 1/2 to 8 per cent. for large amounts. For small amounts 8 per cent. is always obtainable by a man who keeps his eyes open. But, beyond this absolutely secure class of investments, one thousand-and-one small chances of making large profits with little risk occur to every ...
— Town Life in Australia - 1883 • R. E. N. (Richard) Twopeny
... of land purchase. I agree with every word he said, but what is the difficulty? The difficulty is in providing the additional money needed at a low rate of interest. As part of a settlement I feel quite sure we could obtain the completion of land purchase on satisfactory terms. Indeed, I have the highest authority for the statement that this question would be regarded as an essential portion of a settlement, and that a most generous ...
— John Redmond's Last Years • Stephen Gwynn
... England, he found that city capitalists would have nothing whatever to say to his railway scheme. In Holland, however, he succeeded in getting 90,000 pounds of the 300,000 pounds he wished to borrow at a high rate of interest, and by passing a bond on five hundred government farms. This money was immediately invested in a railway plant, which, when it arrived at Delagoa Bay, had to be mortgaged to pay the freight on it, and that was the end of the Delagoa Bay railway scheme, except that the 90,000 pounds is, I believe, ...
— Cetywayo and his White Neighbours - Remarks on Recent Events in Zululand, Natal, and the Transvaal • H. Rider Haggard |
