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Updated: May 7, 2025
He pronounced them with irony, but also with respect. Besides, we all know that moneylending, together with respectability, developes a certain thoughtfulness in men. 'Allow me to ask, will you be at the ball? I said, turning to my friend's daughter. I wanted to hear the sound of her voice. 'Papa intends to go, she answered, 'and I with him.
The result of this interview was that, a month or two later, a new moneylending firm sprang up in a narrow street in the city, under the title of Harker's Ltd., and none of the numerous clients who patronised it ever recognised that the manager, Mr. Harker, was speaking the literal truth when he repeatedly asserted his own impotence in the business.
Yet the precision with which it was carried out and the magnitude of the scale on which its operations were conducted were so peculiarly Roman, that the spirit of the Roman economy and its grandeur whether for good or evil are pre-eminently conspicuous in its monetary transactions. Moneylending
This condemnation, which lasted many centuries, had two important consequences. One of them was that the Jews became almost the only moneylenders in Europe. The other consequence was that on account of the stigma which the Church attached to moneylending, the amount of money to be lent was greatly diminished, or in other words, the rate of interest was enormously and artificially raised.
Germany is often thus taken as the example of the State which gives its financiers the most efficient backing abroad; but even in Germany finance is, like everything else, the obedient servant of the military and political authorities. For several years before the present war, the financiers of Berlin were forbidden to engage in moneylending operations abroad.
"What should I have to do with moneylending?" "Be careful," said Shelton sternly, "there are not people wanting who will fight for Leroy's honour even as it were their own." Vermont smiled cynically. "Indeed, Shelton," he said, "it is hardly for you to speak. After all, it was you who nearly ruined Adrien by your denial of the bill, not I." Lord Barminster strode forward.
Yet the precision with which it was carried out and the magnitude of the scale on which its operations were conducted were so peculiarly Roman, that the spirit of the Roman economy and its grandeur whether for good or evil are pre-eminently conspicuous in its monetary transactions. Moneylending
On the corner of the desk stood a telephone, which communicated with Harker's private room, downstairs in the offices; they were dignified by the name of Harker's "Bank," and were, of course, those of the moneylending business which was carried on by Vermont in that name. Taking up the receiver now, he asked Harker to come up to him as soon as possible.
This traffic in coins and metals naturally led to the business of moneylending and finance, and the centuries of practice, imposed on them by Christianity, have given them a skill in this trade, which is now the envy of Christians who have in the meantime found out that there is nothing wicked about moneylending, when it is honestly done.
International moneylending took place, of course, in the middle ages, and everybody knows Motley's great description of the consternation that shook Europe when Philip the Second repudiated his debts "to put an end to such financiering and unhallowed practices with bills of exchange."
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