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Show The Losdon Monetary GnzelU traces many of the financial and commercial com-mercial evils which England is laboring labor-ing under to borrowed capital, and it sighs, "Oh, for one year's experience for nil the great staple indi.istrio.ioI the country carried on free from the thraldom of borrowed money ! " Borrowing is the great incentive and inducement of speculation, under whose eicitement3 tbe legitimate industries in-dustries and pursuits are neglected. The trade in money seizes on all the opportunities and oats up all tbe profits. "There is one lesson which the commercial world has to learn. It is the lesson of the worthy;Pjlonius 'Neither a lender or a borrower bo.' If this lesson be universally reduced to a practical shape, the world would be literally turned upside down." |