The Trend And Progress of the Movement to Improve Small Loan Conditions
The Trend And Progress of the Movement to Improve Small Loan Conditions
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In our eReader you can find the full English version of the book. Read The Trend And Progress of the Movement to Improve Small Loan Conditions Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Trend And Progress of the Movement to Improve Small Loan Conditions
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To quickly assess the difficulty of the text, read a short excerpt:
Such a belief has no basis other than in sentiment, and a remedial plan based upon sentiment without regard to knowledge and experience never cured any evil, and never will. Small loans are a necessity in our present state of civilization, and any attempt to work unnecessary hardships on the lender, to compass him about with unreasonable restrictions, has the inevitable result ot forcing the borrower to pay a still higher charge than he "would 'otherwise pay. If borrowing under the law is limit...ed by impossible restrictions, then both borrower and lender will defy the law and take their chances on its being enforced. In the end the borrower always pays the price in high interest charges.
The contention of the second group that the determi- nation of the rate may be left entirely to competition holds true only when the lender and borrower are on a sub- stantially even footing. In large loans secured by real estate mortgages or marketable securities, the law of competition may have full play, the rate being determined by the lowest figure at which money can be secured.
What to read after The Trend And Progress of the Movement to Improve Small Loan Conditions?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Harold Ham to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Such a belief has no basis other than in sentiment, and a remedial plan based upon sentiment without regard to knowledge and experience never cured any evil, and never will. Small loans are a necessity in our present state of civilization, and any attempt to work unnecessary hardships on the lender, to compass him about with unreasonable restrictions, has the inevitable result ot forcing the borrower to pay a still higher charge than he "would 'otherwise pay. If borrowing under the law is limit...ed by impossible restrictions, then both borrower and lender will defy the law and take their chances on its being enforced. In the end the borrower always pays the price in high interest charges.
The contention of the second group that the determi- nation of the rate may be left entirely to competition holds true only when the lender and borrower are on a sub- stantially even footing. In large loans secured by real estate mortgages or marketable securities, the law of competition may have full play, the rate being determined by the lowest figure at which money can be secured.
What to read after The Trend And Progress of the Movement to Improve Small Loan Conditions?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Harold Ham to read onlineMoreLess
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