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" A man in distress for money pays more interest, owing to the usury laws, than he would if no such laws existed ; because now he is obliged to go to some of the disreputable money lenders to borrow, as he knows the respectable money lender will not break... "
An Essay on the External Corn Trade - Page 440
by Robert Torrens - 1829 - 477 pages
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Documents of the Senate of the State of New York, Volume 2

New York (State). Legislature. Senate - Government publications - 1832 - 494 pages
...borrow, as he knows the respectable money lender will not break the laws of his country. The disreputable money lender knows that he has the ordinary risk of...of which risks the borrower must pay. If no usury law existed, in common cases, and where a person is respectable, he might obtain a loan from the respectable...
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Documents of the Senate of the State of New York, Volume 2

New York (State). Legislature. Senate - Government publications - 1832 - 438 pages
...borrow, as he knows the respectable money lender will not break the lawa of his country. The disreputable money lender knows that he has the ordinary risk of his debtor to incur in lending his money, and he lias further to encounter the penalty of the law, for both of which risks the borrower must pay. If...
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Merchants' Magazine and Commercial Review, Volume 3

Commerce - 1840 - 556 pages
...disreputable lender knows that he has the ordinary risk of his debtor to incur in lending his money, and that he has further to encounter the penalty of the law, for both of which risks the borrower must pay ; for no person of sound mind would lend on the personal security of an individual of doubtful character...
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Merchants' Magazine and Commercial Review, Volume 3

Commerce - 1840 - 572 pages
...he knows that the reputable money-lender will not break the laws of his count ry. The disreputable lender knows that he has the ordinary risk of his debtor to incur in lending his money, and that he has further to encounter the penalty of the law, for both of which risks the borrower must...
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The Western Journal, Volume 12

1854 - 488 pages
...borrow, as he knows the respectable money lender will not break the lawg of his country. The disreputable money lender knows that he has the ordinary risk of...pay. If no usury laws existed, in common cases, and when a person is respectable, he might obtain a loan from the respectable money lender, who would then...
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The Western Journal and Civilian: Devoted to Agriculture ..., Volume 12

Missouri - 1854 - 470 pages
...borrow, as he knows the respectable money lender will not break the laws of his country. The disreputable money lender knows that he has the ordinary risk of...pay. If no usury laws existed, in common cases, and when a person is respectable, he might obtain a loan from the respectable money lender, who would then...
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Usury and Usury Laws: A Juristic-economic Study of the Effects of State ...

Franklin Winton Ryan - Interest - 1924 - 298 pages
...borrow as he knows the respectable money lender will not break the laws of his country. The disreputable money lender knows that he has the ordinary risk of...encounter the penalty of the law for both of which lisks the borrower must pay." APPENDIX C MASSACHUSETTS SENATE No. 66 PETITION FOR THE REPEAL OF THE...
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Congressional Serial Set

United States - 1866 - 1082 pages
...country. The disreputablf money-lender knows that he, has the ordinary risk of his debtor to incuria lending his money, and he has further to encounter...of which risks the borrower must pay. If no usury law existed, in CODmon cases, and where a person is respectable, he might obtain a loan from threspectable...
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