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Show WHY LOANS ARE NOT LENT Nowadays the Exchange Is Not to Relieve Re-lieve the Neceiaitous and the Improvident. Why Is It banking hoiwes alwnys "loan" their huge minis of money, never by any chance "lend" them? "Ierid" Is the true verb, while "loan" was exclusively the noun. How ranift It about that "to loan" has uniformly Kupplanted "to lend?" The purists make a great fuss about this. They Insist that the stupid and untaught financial world has foisted upon the language a Hiibstantlve verb when no new verb was needed; when the ancient and established usage was fixed In the Hlgnlflcatlon of "to lend." Hut prior to the modern development of business enterprise, when .money was lent It was bestowed upon the borrower either for temporary use without compensation, as a mark of favor or patronage, or by the professional profes-sional money lender who. taking advantage ad-vantage of persons In extremities of need, demanded usurious Interest. This Anglo-Saxon verb today retains Its ancient connottiiinn. When Uwaa coined the productive powers of mcney were unknown, and the wealth of rich men was locked up for safety and kept out of the channels of commerce. Nowadays, by devices of credit and rapid Intercommunication, It Is kept constantly working In productive enterprises. en-terprises. Immense loans are made, no longer to relieve the necessitous and the Improvident, but to stimulate Industry and to enable the borrower as well aa the loaner to reap a profit In his transactions. Money la "loaned" In this sense. It Is not lent. |
