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Updated: May 4, 2025
To prevent their being at the mercy of money lenders, co-operative societies may be started in order to lend money at a lower rate of interest; or to supply them with capital or with tools in order to start their work. "To remove the other evil of ignorance with regard to health, we may go into the villages and give them practical lessons on cleanliness.
Now the common debt originated in the twenty thousand talents which Sulla had laid on Asia as a contribution, and twice this amount was repaid to the lenders, though they had indeed now brought the debt up to the amount of one hundred and twenty thousand talents by means of the interest.
Leaders have started to realize that double-digit inflation is no longer a way of life. I misspoke there. I should have said "lenders." So, interest rates have tumbled, paving the way for recovery in vital industries like housing and autos. The early evidence of that recovery has started coming in.
The professor kept school that morning as usual, but he did not sit on the settle against the lean-to, and when Patsy Lenders undertook to hoist himself up on it, the boy got his ears boxed.
He did borrow, asking a thousand francs of one, five hundred of another, five louis here, three louis there. He gave notes, took up ruinous obligations, dealt with usurers, and all the race of lenders.
All these things may gratify greediness for sudden gain, or the rashness of daring speculation; but they can bring nothing but injury and distress to the homes of patient industry and honest labor. Who are they that profit by the present state of things? They are not the many, but the few. They are speculators, brokers, dealers in money, and lenders of money at exorbitant interest.
Broken and discouraged, the words of his old master came to him. But he was proud with an obstinate pride and he shut his lips together so that he might not groan. He would not go to his master. Anything rather than that. In that place sat certain beasts of prey, dealers, and lenders of money, who had their lairs somewhere within the boundaries of that wide and mysterious domain called The Law.
When the thought is turned to an endeavor to secure a dollar that is not earned, there is secretiveness of purpose and inward guile. No person doing business on borrowed capital advertises the number and amount of his loans nor does he welcome inquiry by others. In a column of advertisements by money lenders in a newspaper lying on this table every one promises "privacy" or "no publicity."
Each wanted to help the other, yet both refused to pay their debts, and he could find no answer to the question which was responsible for getting the other into the situation, since lenders and borrowers were the same interest and socially the same person.
The crude simplicity of this city of farmers, money lenders, and soldiers, was reflected in the appearance of its inhabitants. Patrician matrons spun wool and hemp at the doors of their houses, clad only in tunics of coarse weave, and wearing bronze ornaments on their breasts and in their ears.
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