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Updated: July 4, 2025
Whenever there is a deficit and the government makes applications to meet it, if it address itself to lenders, it must produce its balance-sheet; if it address itself to the tax-payers, it must give them a share in its power.
And they shall, in the name of the town, make loans to the scholars in accordance with the statutes and the agreement of the scholars, and at their own risk entirely, so that the town of Padua shall not incur loss. And the money lenders shall themselves deposit in the town treasury good and sufficient security as to this.
Gaming and betting will flourish and many will grow rich by them. A man who has lost his money and who has exhausted his rights to an advance from the public institutions for that object will have recourse to lenders who will supply him with bread and meat and clothes, and who will make money by it. Similarly with people who are tempted to make acquisitions beyond their standard remuneration.
Now the vicar does not suggest that he has any suspicion against the verger, nor do you appear to have entertained any, but Mr. Harding does suggest a suspicion of his curate by mentioning his debts and his dealings with money lenders." "It was under pressure. I am convinced he has no real suspicion." "At any rate his story influenced you. You made some inquiries concerning Mr. Hayes.
To supply his extravagance "my lord" had applied to the money lenders those sharks that in London, as elsewhere, fatten on such game. These gentry were eager to lend the young blood money upon what are known in English law as post-obits, which loans in this particular case carried the trifling interest of about 100 per cent. per annum.
Such a world will perish undoubtedly; and not only perish, but perish very quickly. Were it Aesculapius himself, his body would immediately rot, and the chafing soul, full of indignation, take its flight to all the devils of hell after my money. Panurge continueth his discourse in the praise of borrowers and lenders.
Governments as well as private persons were under a frequent necessity of borrowing, and for a long time the great money lenders were the Jews. They, however, were later to a great extent displaced by the merchants of Lombardy, and the fifteenth century witnesses the rise of the great bankers, Italian and German.
"And the worst of it is," continued the squire new lights breaking upon him, "I shall be liable for all the sums he has received. He was my confidential agent, and the lenders will come upon me. It must be six or seven hundred pounds that he has obtained in this nefarious way. Zounds! I shall go mad." "Yo wur to blame fo' trustin him, squoire," rejoined Nance.
Now there was great rejoicing at the rumour of Alderic's quest, for all folk knew that he was a cautious man, and they deemed that he would succeed and enrich the world, and they rubbed their hands in the cities at the thought of largesse; and there was joy among all men in Alderic's country, except perchance among the lenders of money, who feared they would soon be paid.
Then commenced the Cuban insurrection; and from that time on, all Spain could wring from Cuba or borrow in European markets on the pledge of Cuban revenues and her own guaranty went in the effort to subdue a colony in revolt against her injustice and bad government. The lenders knew the facts and took the risk.
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