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Search - The Works of John Locke, Vol. 2 (Classic Reprint)

The Works of John Locke Vol 2 - Classic Reprint
Author: John Locke

Excerpt from The Works of John Locke, Vol. 2 — Cafh of the Nation in their Hands, who can think, but that by this Law it iould be more driven into Lombard- reet now? There being many now who lend them at Four or Five per Cent. Who will not lend to others at Six. It would therefore perhaps, bring down the Rate of Money to the Borrower, and cer tai... more »nly dil'tributc it better to the Advantage of Trade in the Country, if the legal Ufi', were kept pretty near to the natural; (by natural Ufe, Imean that Rate of Money which the prelent Scarcity of it makes it naturally at, upon an equal Dillribution of it) for then Men being licenfed by the Law to take near the full natural Ufe, will not be forward to carry it to London, to put it into the Bankers Hands; but will lend it to their Neighbours in the Country, where it is convenient for Trade it lhould be. But if you lefren the Rate of Ufe, the Len der, Whole Interelt it is to keep up the Rate of Money, will rather lend it to the Banker, at the legal Intere/l, than to the Tradefman or Gentleman, who when the Law is broken, {hall be fure to pay the full natural [mere/l, or more 3 be caufe of the Ingro ing by the Banker, as well as the Rifque in tranfgre ing the Law Whereas Were the natural Ufe, fuppofe Seven fer Cent. And the legal Six Fll'fi, the Owner would not venture the Penalty of the Law for the gaining one in Seven, that being the utmolt his Money would yield Nor would the Banker venture to borrow, where his Gains would be but One per Cent. Nor the Mo ney'd Man lend him, what he could make better Profit of legally at Home. All the Danger lies in this, That your Trade {hould fuf'fer if your being behind hand has made the natural Ufe f0 high, that your T radefman cannot live upon his Labour, but that your rich Neighbours will fo under - fell you, that the Re turn you make will not amount to pay the Uje and afford a Livelihood. There is no way to recover from this, but by a general Frugality and Indufiry; or by being Mahers of the Trade of fome Commodity, which the World mull have from you at your Rate, becaufe it cannot be otherwhere fupplied.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."

ISBN-13: 9781333576981
ISBN-10: 1333576986
Publication Date: 9/14/2016
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Publisher: Forgotten Books
Book Type: Paperback
Members Wishing: 0
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Search - The Works of John Locke, Vol. 2 (Classic Reprint)

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