Of Stock Lent at Interest

Of Stock Lent at Interest - Of Stock Lent at Interest The...

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Of Stock Lent at Interest The stock lent at an interest is considered as a capital by the lender. The borrower may use it as:- A- A capital:- 1-To employ it in the maintenance of productive labours. 2- He is able to restore the capital and pay the interest without alienating upon other sources of revenue. B- A stock reserved for immediate consumption:- In this case: 1-He can neither restore the capital nor pay the interest without alienating some other source of revenue. 2-The man who borrows in order to spend will soon be ruined. 3- Borrowers prefer to deal with frugal and industrious people more than with prodigal and idle ones. 4- Country gentlemen are those who are lent the stock without profitable use of it, who borrow upon mortgage. 5- What they borrow is actually spent before they borrow it by consuming a great quantity of goods in advance upon credit by shopkeepers and tradesmen, so they borrow the interest to pay the debt.
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Of Stock Lent at Interest - Of Stock Lent at Interest The...

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