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John Buchanan Robinson -
Money
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The business of a bank is to lend money; which amounts, nowadays, to lending credit.
John Buchanan Robinson
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In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
John Buchanan Robinson
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Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.
John Buchanan Robinson
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
John Buchanan Robinson
Born:
May 23, 1846
Died:
January 28, 1933
(aged 86)
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