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Updated: May 4, 2025
For he, for example, that took before ten or nine in the hundred, will sooner descend to eight in the hundred than give over his trade in usury, and go from certain gains to gains of hazard. Let these licensed lenders be in number indefinite, but restrained to certain principal cities and towns of merchandising; for then they will be hardly able to color other men's monies in the country.
It is enough that capitals should be formed, accumulated, multiplied; should be lent on conditions less and less burdensome; that they should descend, penetrate into every social circle, and that by an admirable progression, after having liberated the lenders, they should hasten the liberation of the borrowers themselves.
Every six months the Chief Magistrate of Padua shall appoint two money lenders for the scholars, judges or laymen at the will of the Rector of the scholars who shall have charge of the town's money that is to be loaned to the scholars.
Rear platoons march squarely up to the turning point of the leading platoon and turn at command of their lenders. Being in column of squads, to change direction: 1. At the second command the front rank of the leading squad turns to the right on moving pivot, as in the School of the Squad; the other ranks, without command, turn successively on the same ground and in a similar manner.
They are the lenders of cash on bonds, which squeeze out the very vitals of the nation the gay flutterers and loungers of the streets, theatres, and cafés, drawing the means of luxurious indulgence from the myriads who toil out their lives in the fields.
But when a loan is well spent on a railway that is needed for the development of a fertile or productive district, it justifies itself by cheapening transport and quickening the output of wealth in such a manner, that the increased volume of goods that it has helped to create easily meets the interest due to lenders, provides a fund for its redemption at maturity, and leaves the borrower better off, with a more fully equipped productive system.
They have invaded the latter's turf by insuring hundreds of billions of dollars in pools of credit instruments, loans, corporate debt, and bonds quality-graded by third party rating agencies. Insurance companies have thus become backdoor lenders through specially-spun "monoline" subsidiaries.
Fox called the outer room at Almack's, where he borrowed on occasions from Jew lenders at exorbitant premiums, his "Jerusalem Chamber." Passion for play was his great vice, and at a very early age it involved him in debt to an enormous amount. It is stated by Gibbon that on one occasion Fox sat playing at hazard for twenty hours in succession, losing £11,000.
The rate of interest must therefore fall, until some of the lenders give over lending, or until the increase of borrowers absorbs the whole. But a fall of the rate of interest, sufficient to enable the money market to absorb the whole of the paper-loans, may not be sufficient to reduce the profits of a lender who lends what costs him nothing, to the ordinary rate of profit upon his capital.
She could of course borrow from her women friends a hundred here or there, at the utmost but they were more ready to give a gown or a trinket, and looked a little askance when she hinted her preference for a cheque. Women are not generous lenders, and those among whom her lot was cast were either in the same case as herself, or else too far removed from it to understand its necessities.
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