"Credit system" Quotes from Famous Books
 ... sugar in one of his experiments, and, being hurried, purchased it from the nearest corner grocery, paying more than the usual price. It proved to be badly adulterated, and the user has been more careful since in advising his poor friends about purchasing provisions. The credit system is the natural outcome of uncertain income, and for that reason is hard to avoid, but in a number of instances it is continued long after the necessity that caused the buyer to ask credit has ...
— Friendly Visiting among the Poor - A Handbook for Charity Workers • Mary Ellen Richmond
... that surprised me was the quantity of silver in circulation. I never, in my life, saw so much silver at one time, as during the week that we were at Monterey. The truth is, they have no credit system, no banks, and no way of investing money but in cattle. Besides silver, they have no circulating medium but hides, which the sailors call "California bank-notes.'' Everything that they buy they must pay ...
— Two Years Before the Mast • Richard Henry Dana
... inspired by the lance and the bolo, and the urgent endeavors of the chiefs and the more influential men to settle matters amicably. I am surprised that disputes and bloodshed arising from, the great credit system do not occur more frequently ...
— The Manbos of Mindano - Memoirs of the National Academy of Sciences, Volume XXIII, First Memoir • John M. Garvan
... brother, he explained, who had a small factory. Jonah looked longingly, and confessed that he wanted to stock his shop, but had no money to buy. Then the traveller smiled, and explained to Jonah, alert and attentive, the credit system by which his firm would deliver fifty pounds' worth of boots at three months. Jonah was quick ...
— Jonah • Louis Stone
... Philadelphia. But the hostility of the Indians reduced the number of purchasers. Prior to 1800, only a million acres had been disposed of in this manner. A law of that year provided a system of registers and receivers, to be stationed at land offices scattered through the North-west Territory. A credit system was also established, whereby so small a portion as a half-section could be purchased on instalment payments, with interest at six per cent. This law made the lands very attractive, as credit propositions ...
— The United States of America Part I • Ediwn Erle Sparks
... squeeze the merchants, to the last drop of blood; and the merchants perish in the process, carrying with them hosts of mechanics, farmers, and professional men.—Not so, bellows a fourth philosopher, perhaps a little more seedy than the rest; it is all the work of "the infernal credit system,"—of the practice of making money out of that which is only a promise to pay money,—out of that which purports to have a real equivalent in some vault, when no such equivalent exists, and is, therefore, a fraud ...
— The Atlantic Monthly, Vol. I, No. 1, Nov. 1857 • Various
... cultivate. To condense the weight of our exports, selling less in the bushel and more on hoof and in fleece; less in lint and more in warp and woof. To systematize our work, and calculate intelligently on probabilities. To discountenance the credit system, the mortgage system, the fashion system, and every other system tending ...
— Chapters in Rural Progress • Kenyon L. Butterfield |
