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In that case I should then offer a surface to the lenders, that would permit you, without doubt, to find the sum necessary to pay Jardine, whatever expenses there may be, and your fee." As he spoke, Saniel saw that he was wrong in thus committing himself, but he continued to the end.
When I think of this man; his fiery glow of heart; his swell of feeling; how magnificent, how ideal he was; how great at the midnight hour; and when I compare with him the companions with whom I have associated since, I grudge the saving of a few idle ducats, and think that I am fallen into the society of lenders, and little men.
Prices should conform to the spirit which has prevailed during the past few weeks. "Recognizing the support which banks and other lenders of money have given to dealers in securities, it should be the policy of such dealers when securities are sold to apply the proceeds toward the liquidation of loans.
"It declared the independence of the United States; it contracted an offensive and defensive alliance with France; it raised and organized a Continental army; it borrowed large sums of money, and pledged what the lenders understood to be the national credit for their repayment; it issued an inconvertible paper currency, granted letters of marque, and built a navy."
Old Brull, who through niggardliness and prudence had placed his son on "half rations," as he put it, sent the boy just money enough to keep him going; but dupe, in turn, of the wiles he had formerly practiced on the rustics of Alcira, he was compelled to make frequent trips to Valencia, to come to some understanding with money lenders there, who had advanced loans to his son on such terms that insolvency might lead Ramón to a prison cell.
"First of all," he says, "these profits are despicable which incur the hatred of men, such as those of gatherers of custom and lenders of money on usury." Again, we are entitled to say that Cicero did not condescend to enrich himself by the means which he himself condemns, because, had he done so, the accusations made against him by his contemporaries would have reached our ears.
Last but by no means least, as opposed to oft-reiterated wisdom the markets have no memory. Russia has egregiously defaulted on its sovereign debt a few times in the last 100 years. Only four years ago it thumbed its nose with relish at tearful foreign funds, banks, and investors. Yet, it is now besieged by investment banks and a horde of lenders begging it to borrow at concessionary rates.
In earlier times kings and ministers had constantly borrowed money from foreign or native lenders, but it was always provided and anticipated that it would be repaid at a certain period, with the interest.
He gave notes, took up ruinous obligations, dealt with usurers and all the race of lenders.
In the second place, the lenders were almost invariably members of the trading community, who were the very people in whose favour a recompense for lucrum cessans would be allowed.
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