For more information see Compound interest Monthly amortized loan or mortgage payments. Abuses in lending[ edit ] Predatory lending is one form of abuse in the granting of loans.
Loans of Money up on the Publick Demands. As the view of the Expence would have made us wisely have avoided the War, and either not have begun it, or long since ended it, upon the best Terms we could obtain from the Enemy; so had the Enemy believed England capable of supporting the War, at such a prodigy of Expence, he would never have begun it; which the King of France himself has been heard, in Terms very plain, to acknow ledge.
The first Brach of our Expence was carried on in the common Road of levying Taxes, and the Money required for every Years Expence was raised and paid within the Year.
Land-Tax, Polls, ad ditional Duties of Customs, Excises, and the like, were the Ways and Means by which these things were done; the Year generally supported its own Demands, all the Loans were supposed to be Tem porary, and to end with the Collection.
As the War every Year grew heavier upon us, and the Expence increased, new Ways and Means were necessary to sup ply the growing Demand, till all the Taxes that could be raised, by the ordi nary Way, were found little enough to bring the Annual Expence about.
This put the Commissioners of the Treasury upon listening to new Taxes, and entertaining all the Projects for rais ing Money, that the working Heads of the Age could supply them with. This lead them of course to a new Me thod to supply the great Demands of the War, viz.
By this Method has the greatest part of our Yearly Taxes, since that time, been raised; the Parliament Establishing Funds for payment of Interest, and the People advanving Money, by way of Loan, on those Interests.
It may not be improper here for some People to reflect, That in the Advantages granted by the Government upon these Loans, and the great Discounts upon Tal lies on the deficient Aids, mentioned a bove, were founded the great stocks of Money, Banks and powerful Credit; with which some People are grown to such a height, especially in their own O pinion, as to talk of influencing the pub lick Affairs, and as it were menacing the Government with Apprehensions of their Lending or not Lending, as they are, or are not pleased with the Management of, or Managers in the publick Oeconomy; and this is the Subject I am a little to speak to.
Then grew up the BANK, whose second Subscripti on being founded upon a Parliamentary Security, for making good the deficient Tallies; was formed by receiving in those Tallies at Par, which cost the Subscribers but 55 to 65 per Cent; by which the greatest Estates were raised in the least time, and the most of them, that has been known in any Age, or in any part of the World.
It is meet to mention these things, for the sake of the People who have gotten such great Estates by the Government, to let them know from whence the Advan tages they have made, did proceed; and also for some other Reasons which will appear in the sequel of this Discourse.
The Government, to preserve to them selves the Advantage of these Loans, and yet to avoid being Imposed upon and Opprest by those exorbitant Interests and Encouragements, about the Year Here may be seen several Things, which, if well considered, tend to the lowring the high and extravagant Ima ginations of some People, with respect to Loans, Credit, Borrowing and Lending of Money to the Government; such as these.
These Borrowings and Lend ings are become so much a Trade, so many Families have their Em ployment from, and get so great Estates by the Negotiating these Things, that it is impossible for any particular Sett of Men to put a stop to it; or to get any such Power in to their Hands, as to give the Go vernment just Grounds of Ap prehension, that this or that Party of Men can put a Cheque to the publick Affairs, be they Whigs, To ries, City, Court, Banks, Company, or what they please to call them selves.
I shall not tye my self to speak to these apart, the liberty of this Tract will not ad mit of it, but in a Summary way you will find the Fact Demonstrated, and the Consequence Evident. Men in Trade, more especially than the rest of Mankind, are bound by their Inte rest; Gain is the end of Commerce, where that Gain visibly attends the Adventurer, as no Hazard can discourage, so no other Obligation can prevent the Application Impiger extremos currit Mercator ad Indos.
But it was never yet heard, that the Zeal of any Party got the better so much of their Interest, as to put a general Stop to the current and natural Stream of their Interest; that a People should reject the fair and just Advantages which have rai sed so many Estates, and are the due Supplies to the Breaches made by the War upon general Commerce.
Let us come to the general Body of People as Fate has unhappily divided us; where are the Men? No, no, it is not to be done; the stream of Desire after Gain runs too strong in Man kind, to bring any thing of that kind to Perfection in this Age.
The thing is so impracticable in its Nature, that it seems a Token of great Ignorance in the Hu mour of the Age to suggest it; and a Man would be tempted to think those People that do suggest it, do not them selves believe what they say about it. In the matter of Loan it next comes in our way to enquire, how does the Cash of the Nation, which is the thing we are upon, stand divided, and how is the Go vernment in hazard of any Combinati on of this kind?
I do not say who is in, or who out; who has the Management, who had it, or who would have it; let that stand as it does, or may; but how do the Parties stand, with respect to one another; supposing any one Party would endeavour to stagnate the general Circu lation of Credit, in Prejudice of the other: As for the purpose; Suppose a Whig Administration, and all the High Church Men and their Appen dices in hopes to reduce them to Exigen ces in the Management, should Con spire together to run down the Publick Credit, and lend no Money on any of the Funds.
Vice Versa; suppose a Reverse, and the Whigs in general should do the same thing: Let us enquire; Are either of these Parties sso rich in Cash, so power ful in Lending, that all the Loans must depend upon their Money; or are either of these Parties so inconsiderable in this Case, that their Support shall signify no thing without the concurrence of the o ther?
If the last were true, that weak Party could make no manner of Figure in this Government, or be significant e nough for the Sovereign without visible Distraction to engage with. To descend to Particulars. Some have gone a length beyond the Author of the Review, and will have it, that the Money lies in the Hands of the Dissenters; and will allow the Church men, especially the High-Church-Men to have little enough for themselves, and by consequence less to spare to the Publick Loans.
Both Sides have enough to be useful to, and both Sides have little enough to stand in need of one another; and in this Division the Ballance of Parties which at this time is the onely Felicity that we can find in having any Parties at all, does consist.
No doubt where the Land is, there can be no want of Money, because Land will at any time raise Money; whereas Money, without the Assistance of Trade, Landed-men, or Governments, can operate no way, but like the Viper, preying upon it self.Loan Information System.
Filed Under: Term Papers Tagged With: debt, Information. loan is one of the examples of a complex transaction because it is a critical business operation that deals with numerous accounts of different people and produce plenty and confidential files.
The Essay on Human as a Complex Unit of Life. The human body. Get Expert Essay Editing Help > Build Your Thesis Statement > Log in.
Search Essay Examples. Student Debt Essay Examples. 6 total results. The Factors That Led to Tuition Increase in American College. 1, words. 2 pages.
The Student Loan Crisis in America and the Students Who are the Unfortunate Ghosts of Tom Joad. staff. By definition, Information System is a set of interrelated components that collect, manipulate, store, and disseminate data and information and provide feedback mechanism to meet an objective.
There are so many ways that information systems are changing our lives both in our personal lives and in the businesses and corporations that are around us. Learn what a loan is and some of the most common types of loans that people get. Find out which loans are best for different situations and some of the advantages and disadvantages of getting a loan.
A loan management system is a database management system used to automate the loan services of financial institutions. It serves the purpose of easy file retrieval and entry. An essay upon loans: or, an argument proving that substantial funds settled by Parliament, will bring in loans of money to the Exchequer, in spight of all the conspiracies of parties to the contrary;.