He borrowed large sums from bankers, curials, princes and Jews.
A third son, James Gore King (1791-1853), was an assistant adjutant-general in the war of 1812, was a banker in Liverpool and afterwards in New York, and was president of the New York & Erie railroad until 1837, when by his visit to London he secured the loan to American bankers of £i,000,000 from the governors of the Bank of England.
Many Copenhagen Jews achieved distinction as manufacturers, merchants and bankers, and among famous Jewish men of letters may be specially named Georg Brandes.
Turgot's measures succeeded in considerably reducing the deficit, and raised the national credit to such an extent that in 1776, just before his fall, he was able to negotiate a loan with some Dutch bankers at 4%; but the deficit was still so large as to prevent him from attempting at once to realize his favourite scheme of substituting for indirect taxation a single tax on land.
It gave its name to cadurcum, a kind of light linen, and the bankers of Cahors were famous.
After the war with Russia, in order to obtain credit from the Imperial Ottoman Bank and local financiers, who refused any further accommodation unless their previous and further advances were amply secured, revenues known as the " six indirect contributions " were handed over to a committee of local bankers (by decree of Nov.
Table A gives the produce of the revenues in 1881-1882, the last year of the administration of the " Galata Bankers," the average product of the first, second, third, fourth and fifth quinquennial periods since the public council was established, and of the year 1907-1908.
They are the bankers of the country, and it is through their communications that the traveller is able to obtain credit.
At the beginning of his reign he ordered a recast of the coinage, with serious results to commerce; civil officials were deprived of offices, which had been conferred free, but were now put up to auction; duties were imposed on exported merchandise and on goods brought into Paris; the practice of exacting heavy fines was encouraged by making the salaries of the magistrates dependent on them; and on the pretext of a crusade to free Armenia from the Turks, Charles obtained from the pope a tithe levied on the clergy, the proceeds of which he kept for his own use; he also confiscated the property of the Lombard bankers who had been invited to France by his father at a time of financial crisis.
Of France extorted large sums from the Florentine merchants and bankers in his dominions by accusing them of usury; in 1 34 o plague and famine wrought terrible havoc in Florence, and riots again broke out between the grandi and the popolo, partly on account of the late unsuccessful wars and the unsatisfactory state of the finances.
Florence was in the 14th century a city of about 100,000 inhabitants, of whom 25,000 could bear arms; there were Ito churches, 39 religious houses; the shops of the ante della lana numbered over 200, producing cloth worth 1,200,000 florins; Florentine bankers and merchants were found all over the world, often occupying responsible positions in the service of foreign governments; the revenues of the republic, derived chiefly from the city customs, amounted to some 300,000 florins, whereas its ordinary expenses, exclusive of military matters and public buildings, were barely 40,000.
Much of the prosperity of the town is due to the residence of a great family of seths or native bankers, who were conspicuously loyal during the Mutiny.
Of Bankers (1879) (systems of weight);
Its native bankers, shopkeepers and workers are all strongly organized in gilds.
His first step was to recover control of the mint, and place it in the hands of capable middle-class merchants and bankers, like Caspar Beer, Jan Thurzo, Jan Boner, the Betmans, exiles for conscience' sake from Alsace, who had sought refuge in Poland under Casimir IV., Justus Decyusz, subsequently the king's secretary and historian, and their fellows, all practical economists of high integrity who reformed the currency and opened out new ways for trade and commerce.
He had already persecuted and plundered the Jews and the Lombard bankers, and repeated recourse to the debasing of the coinage had led to a series of small risings.
Nearly all the bankers and stock Seinites.
In this predicament Morton appointed a bureau of finance, and appealed for financial aid to private individuals, bankers, the counties, and even the Federal government.
He was commissioned by the count of Provence through one of his gentlemen, the comte de la Chatre, to negotiate a loan of two million francs from the bankers Schaumel and Sartorius.
The government as restored by Andrea Doria, with certain modifications tending to impart to it a more conservative character, remained unchanged until the outbreak of the French Revolution and the creation of the Ligurian republic. During this long period of nearly three centuries, in which the most dramatic incident is the conspiracy of Fieschi, the Genoese found no small compensation for their lost traffic in the East in the vast profits which they made as the bankers of the Spanish crown and outfitters of the Spanish armies and fleets both in the old world and the new, and Genoa, more fortunate than many of the other cities of Italy, was comparatively immune from foreign domination.
He watched the roads, built new ones, opened markets, protected the only bankers of the country, the Jews, and reorganized the administration so as to draw the utmost revenue possible from the prosperity thus secured.
Lombard merchants soon spread all over western Europe, a chief source of their ever-increasing wealth being their employment as bankers of the papal see.
The followers of his creed, amongst whom there are many wealthy merchants and bankers, direct their worship chiefly to Gopal Lal, the boyish Krishna of Vrindavana, whose image is sedulously attended like a revered living person eight times a day - from its early rising from its couch up to its retiring to repose at night.
His parents belonged to the mercantile aristocracy - the bankers and traders of Danzig.
In his paper on Banking in Persia (Journal of the Instit~ute of Bankers, 1891), Mr Joseph Rabino pointed out the great difficulties which make the easy distribution of fundsthat is, the providing them when and where requireda matter of impossibility in Persia, and gives this fact as the reason why the Imperial Bank of Persia has local issues of notes, payable at the issuing branches only, for, in a country like Persia, where movements of specie are so costly, slow and difficult as to become impracticable except on a small scale, the danger of issuing notes payable at more than one place is obvious On the 20th of September 1907 the value of the notes in circulation was 395,000, and the bank held 550,000 deposits in Persia.
The chief business of the native sarrafs (money-changers, bankers; &c.) is to discount bills at high rates, hardly ever less than 12%, and remit money from place to place in Persia for a commission amounting to from I to 5, or even 6% on each transaction; and in spite of the European banks giving lower rates of discount and remitting money at par, the majority of the people and mercantile classes still deal with the natives.
It would seem that his reasons were partly religious, but partly economic. No earlier king could have afforded to drive forth a race who had been so useful to the crown as bankers and money-lenders; but by the end of the i3th centur~~ the financial monopoly of the Jews had been broken by the great Italian banking firms, whom Edward had been already employing during his Welsh wars.
The term was first used in the western states of America of speculative bankers who were said to have started business with no other property than what they could carry in a carpet-bag, and absconded when they failed.
Fair and Their great mistake had lain in becoming rich, and the rich to excess, through serving as bankers to princes, Teniplars.
They are skilled artisans, bankers and merchants, and are remarkable for their industry, their quick intelligence, their aptitude for business, and for that enterprising spirit which led their ancestors, in Roman times, to trade with Scythia, China and India.
In England, at least, the enterprising traders and bankers who found their way to the West, from the 13th to the 16th centuries, though they certainly did not all come from Lombardy, bore the name of Lombards.
He declared that American bankers should not enter into agreement with foreign institutions which had more or less a Government connexion and might therefore have political as well as financial interest in the matter.
It was not till 1898, however, that his career as a great railway organizer began with his formation, by the aid of the bankers, Kuhn, Loeb & Co., of a syndicate to acquire the Union Pacific line, which was then in the hands of a receiver and was generally regarded as a hopeless failure.