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Updated: May 11, 2025
As well might the border farmer have engraved his name and address on the collars of his grazing herds, in the hope that the riever would respect this symbol of authority. The history of book-plates is largely the history of borrower versus lender. The orderly mind is wont to believe that a distinctive mark, irrevocably attached to every volume, will insure permanent possession. Mr.
As is well known, inconvertible paper issued by Government is sure to be issued in great quantities, as the American currency soon was; it is sure to be depreciated as against coin; it is sure to disturb values and to derange markets; it is certain to defraud the lender; it is certain to give the borrower more than he ought to have. In the case of America there was a further evil.
James has still got rid of a tool which was useful to him; William has still received an instrument which perfects his work and increases his profits; there is still a service rendered by the lender, which entitles him to receive an equivalent service from the borrower; this just balance is not the less established by free mutual bargaining.
One step tending to increase this work was taken on August 11th, when the Committee ruled as follows: "Whenever a loaner of stocks gives one day's notice of willingness to have the same returned and the borrower fails to so return, the interest thereon shall cease.
"I'm listening, Princess!" he reminded her. "Well he came the Prince of Germany the borrower!" "Borrower of what, Princess?" "Of wit! Of brains! Of platitudes! Of reputation! There came a crowd with him of such clumsy plunderers, asking such rude questions, that even the sirkar could not shut its ears and eyes! "I did not know all about sahibs in those days.
He had been a borrower and a sponge, and it seemed that if he fell no lower it would be from lack of opportunity. One more chance he was saying to himself if he had one more stake at the game, he thought he could win; but he had nothing left to sell, and his credit was more than exhausted.
But, when we have purged our minds of this stupid prejudice, we are still faced by the fact that international finance is often an unclean business, bad both for the borrower and for the lender and profitable only to a horde of parasites in the borrowing country, and to those who handle the loan in the lending country, and get subscriptions to it from investors who are subsequently sorry that they put their eggs into a basket with no bottom to it.
For what are these respectable men summoned? for what do they impress their seals? it is in order that the borrower may not deny that he has received what he has received. You regard these men, I suppose, as above bribes, as maintainers of the truth: well, these very men will not be entrusted with money except on the same terms.
Observe, besides, that if, as I believe I have shown, James, far from doing any harm to William, has done him a service in lending him his plane for a year; for the same reason, he will do no harm to a second, a third, a fourth borrower, in the subsequent periods. Hence you may understand that the interest of a capital is as natural, as lawful, as useful, in the thousandth year, as in the first.
Most of the disputes which separate brethren are about the dividing of the inheritance, and it does seem to be the case that few friendships can survive the test of money. Neither a borrower, nor a lender be; For loan oft loses both itself and friend. There must be something wrong with the friendship which so breaks down. It ought to be able to stand a severer strain than that.
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