"No one has a natural right to the trade of a money lender, but he who has the money to lend. Let those then among us who have a moneyed capital and who prefer employing it in loans rather than otherwise, set up banks and give cash or national bills for the notes they discount. Perhaps, to encourage them, a larger interest than is legal in the other cases might be allowed them, on the condition of their lending for short periods only."
React to this quote
More by Thomas Jefferson
See allResonant Thoughts
"There the telephone is ringing again - the engine, the machines that call you with their sounds - those people who honor and tease with their orders and admonitions - the chiefs who ask - the bills th…"
Explore Further
Related Quotes
"But in the 1950s, many universities saw an advantage in building up all of the sciences and engineering wit…"
— Frederick Terman"The credit we get for wisdom is measured by our success."
— Euripides"The finds were of extreme interest to the Second Men, but not in the manner which the Siberian party had in…"
— Olaf Stapledon"Be moderate when prosperous, but prudent when unfortunate."
— Periander"Our work is to spread the message of Islam and an inherent part of Islam is peace. Today, there is a great …"
— Hazrat Mirza Masroor Ahmad"Could we, with human reason, process the finality of death, we would be very different souls, giving more t…"
— Don Miller (author)