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Updated: July 4, 2025
Our tutors had walked round to return their guns to the lenders over in the town. We strolled to the house through the fast fading afternoon light, talking of the memorable events in our half-year just closing. "Now, I think," said Drake, "that our boat-race was the best fun of all."
The quotation machinery of the Exchanges had been silenced by the closing of those institutions, but there remained the public auctioneers whose sales, if they took place, would be disseminated by the press and might spread panic among security holders and money lenders.
Depositors charge banks and lenders charge borrowers interest, partly to compensate for the hazards of lending such as the default risk. Shareholders expect above "normal" that is, risk-free returns on their investments in stocks. These are supposed to offset trading liquidity, issuer insolvency, and market volatility risks.
And the King do now declare publickly to give 10 per cent. to all lenders; which makes some think that the Dutch themselves will send over money, and lend it upon our publick faith, the Act of Parliament. So home and to my office, wrote a little, and then home to supper and to bed.
Even if such lenders had the intimate knowledge possessed by the committee of one of these associations as to the character and capacity of the borrower, they would not be able to satisfy themselves that the loan was required for a really productive purpose, nor would they be able to see that it was properly applied to the stipulated object.
Next to these came the Princess of Lucre with her sly and crafty followers a great many of the brood of Simon Skinflint, money lenders, lawyers, userers, stewards, foresters, harlots, and some of the clergy.
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.
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.
But if these small lenders are already owners of one hundred and sixty acres they must make the best terms they can with their debtors, for it is a cardinal idea of this needed readjustment that no one shall own more than 160 acres. But if the lender does not own that amount of land, he can get and hold title as at present.
It was a tribute levied by inaction upon action." "If all the landlords and money lenders had died over night, would it have made any difference to the world?" "None whatever, so long as they left the land and the money behind. Their economic role was a passive one, and in strong contrast with that of the profit-seeking capitalists, which, for good or bad, was at least active."
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