"Rate of interest" Quotes from Famous Books
 ... some immediate reduction might safely be made in our naval and military establishments. He concluded by recommending the house of commons to consider of such measures as the flourishing state of the funds and of public credit might render practicable and expedient, for a reduction in the rate of interest of such of the annuities as were now redeemable; by stating that he entertained the pleasing hope of their being enabled to enter upon a gradual reduction of taxes, giving at the same time additional efficacy ...
— The History of England in Three Volumes, Vol.III. - From George III. to Victoria • E. Farr and E. H. Nolan
... deepening into horrified surprise come over her face, he added hastily, "Of course we must hope that these moneys will be kept intact till the end of the war. Still, I doubt very much whether your bankers would allow you to draw on that probability, even if you were willing to pay a high rate of interest. German credit is likely to suffer greatly before this ...
— Good Old Anna • Marie Belloc Lowndes
... fortune in Almaquo, so I went to New York and mortgaged all I possessed, discounting a lot of notes given me by farmers in payment for machinery, and finally borrowing at a high rate of interest the rest of the money I needed. In other words I risked all my fortune on Almaquo, and brought the money home to pay Wegg and Thompson for their interest. The moment they received the payment they invested it in ...
— Aunt Jane's Nieces at Millville • Edith Van Dyne
... effecting the new loans required. Escovedo was very blunt in his language upon this topic, and both Don John and himself urged punctuality in all future payments. They entreated that the bills drawn in Philip's name upon Lombardy bankers, and discounted at a heavy rate of interest, by the Fuggers of Antwerp, might be duly provided for at maturity. "I earnestly beg," said Escovedo, "that your Majesty will see to the payment of these bills, at all events;" adding, with amusing simplicity, "this will be a means of recovering your Majesty's credit, ...
— The Rise of the Dutch Republic, 1555-1566 • John Lothrop Motley
... loans were made in England and Holland, where the rate of interest being more moderate stimulated the passion for enterprises. Finally, in order to stop the flow of English capital to America, the Bank of England raised the rate of interest; this brought people to their senses. They saw the impossibility of carrying out a third of their ...
— A Brief History of Panics • Clement Juglar
... of economic equality, even while he is sceptical of its attainment. He insists upon the economic value of high wages, though he somewhat belittles the importance of wealth in the achievement of happiness. Before Bentham, who on this point converted Adam Smith, he knew that the rate of interest depends upon the supply of and demand for loans. He insists that commerce demands a free government for its progress, pointing out, doubtless from his abundant French experience, that an absolute government gives to the commercial class ...
— Political Thought in England from Locke to Bentham • Harold J. Laski
... encouraged by the thought that they were toiling not for themselves, but to serve the needy, "for Jesus' sake." The collection resulted in obtaining nearly twenty thousand marks, to which has been added the loan of a larger sum at a small rate of interest, so that there is good prospect of soon obtaining a permanent home as the property of the ...
— Deaconesses in Europe - and their Lessons for America • Jane M. Bancroft
... they've decided to enlarge their board of directors, and add at least one 'rising young farmer' as he put it—And oh, Sylvia, he asked if I would allow my name to be proposed! Just think—after all the years when we couldn't get a cent from them at any rate of interest, to have that come! It's every bit ...
— The Old Gray Homestead • Frances Parkinson Keyes
... method. It is the value upon which the series of dividends will pay interest at a predetermined rate, in addition to paying to a sinking fund annual instalments which, safely invested each year at a low rate of interest (usually 4%), will repay the present value at the end of the ten years. In our hypothetical case, if an interest rate of 8% be taken, the present value of $1,000,000, to be received through ten years in ten equal instalments, is $612,000. In ...
— The Economic Aspect of Geology • C. K. Leith
... the Benevolent Society. In the neighbouring villages the inhabitants joined en masse. At the same time as this important society, Father Martin and his friends founded the Castrian Agricultural Fund, whose purpose was to make loans, at a low rate of interest, ...
— Caesar or Nothing • Pio Baroja Baroja
... subject to that ebb and flow, in accordance with the laws of trade, which attends the circulation of gold and silver coin everywhere. Supply follows demand, and a nation with a specie currency inevitably attracts the precious metals by outbidding other nations in the rate of interest it offers for them. Why, therefore, should we shut ourselves out from the advantages of this form of communion with the commercial world by postponing the resumption of specie payments a day longer than ...
— Lippincott's Magazine. Vol. XII, No. 33. December, 1873. • Various
... two meanings: currency, or the circulating medium; and capital seeking investment, especially investment on loan. In this last sense the word is used when the "money market" is spoken of, and when the "value of money" is said to be high or low, the rate of interest being meant. The consequence of this ambiguity is, that as soon as scarcity of money in the latter of these senses begins to be felt—as soon as there is difficulty of obtaining loans, and the rate of interest is ...
— A System Of Logic, Ratiocinative And Inductive • John Stuart Mill
... credited you with the colonial rate of interest—ten per cent.—as was only right, seeing that you had no security, and we had used the money in our business; and my friend, compound interest at ten per cent, is a great institution. It beats gold-mining, and is almost as profitable as being President of the Republic of Venezuela. How ...
— Mr. Fortescue • William Westall |
