A History of Inventions, Discoveries, and Origins, Volume 2 (of 2)Beckmann, Johann
History
A History of Inventions, Discoveries, and Origins, Volume 2 (of 2)
Beckmann, Johann
Inventions -- History
the pawnbrokers make their large profits. It is stated in one of the
reports on the poor laws that a loan of threepence, if redeemed the
same day, pays annual interest at the rate of 5200 per cent.; weekly,
866 per cent.;
4_d._, annual interest 3900 per cent., or 650 p. c. weekly;
12_d._, annual interest 1300 per cent., or 216 p. c. weekly.
It is stated that on a capital of sixpence thus employed (in weekly
loans), pawnbrokers make in twelve months 2_s._ 2_d._; on five
shillings they gain 10_s._ 4_d._; on ten shillings, 22_s._ 3¼_d._; and
on twenty shillings lent in weekly loans of sixpence, they more than
double their capital in twenty-seven weeks, and should the goods pawned
remain in their hands for the term of twelve months (which seldom
occurs), they then frequently derive 100 per cent.[61]]
FOOTNOTES
[2] J. D. Michaelis, in Syntagma Commentationum, ii. p. 9; and his
Mosaisches Recht. iii. p. 86.
[3] Sueton. Vita Augusti, cap. 41.
[4] Taciti Annal. vi. 17.--Sueton. Vita Tiberii, cap. 48.--Dio Cassius,
lviii. 21.
[5] Ælius Lamprid. Vita Alex. Severi, cap. 21.
[6] M. Manni circa i sigilli antichi dei secoli bassi, vol. xxvii. p.
86. The author here quotes from an ancient city-book the following
passage:--“Franciscus fenerator pro se et _apotheca seu casana
fenoris_, quam tenebat in via Quattro Pagoni,” &c.
[7] Algemeine Welthistorie, xlv. p. 10.
[8] This theologian, born at Eperies in Hungary in 1625, was driven
from his native country on account of his religion, and died
superintendant at Meisse in 1689. He wrote, besides other works,
Dorothei Asciani Montes Pietatis Romanenses, historice, canonice, et
theologice detecti. Lipsiæ, 1670, 4to. This book is at present very
scarce. I shall take this opportunity of mentioning also the following,
because many who have written on lending-houses have quoted it, though
they never saw it:--Montes Pietatis Romanenses, das ist, die Berg der
Fromheit oder Gottesforcht in der Stadt Rom. Durch Elychnium Gottlieb.
Strasburg, 1608, 8vo. It contains nothing of importance that may not be
found in Ascianus.
[9] Of this Barnabas I know nothing more than what I have here
extracted from Waddingii Annales Minorum, tom. xiv. p. 93. Wadding
refers to Marian. lib. v. c. 40. § 17; and Marc. 3. p. lib. 5. cap.
58. The former is Marianus Florentinus, whose Fasciculus Chronicoram
Ordinis Minorum, which consists of five books, was used in manuscript
by Wadding, in composing his large work, and in my opinion has never
been printed. Marc. is Marcus Ulyssoponensis, whose Chronica Ordinis
Minorum I have not been able to procure, though it is translated into
several languages. See Waddingii Scriptores Ordinis Minorum. Romæ 1650,
fol. pp. 248, 249.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account