When was it published?

April 26, 1765 in The New Hampshire Gazette And Historical Chronicle

Editorial April 26, 1765

The New Hampshire Gazette And Historical Chronicle

Q: What sub-type of article is it?

Economic Policy, Trade Or Commerce

Q: What keywords are associated?

Compound Interest, Lending Money, Land Security, Failing Trade, Merchants

Portsmouth, Greenland, Rockingham County, New Hampshire

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What is this article about?

Editorial promoting lending money at 15% interest on land security for merchants amid failing trade, with a table showing compound interest growth from an implied 100 to 409600 over 60 years, and example that 1000 pounds in 70 years exceeds province's land value.

Merged-components note: The table illustrates compound interest calculations that directly support and are integrated into the editorial text on money lending at high interest rates.

Clipping

OCR Quality

75% Good

Full Text

in ten Years	to	400
in fifteen	to	800
in twenty	to	1600
in twenty-five	to	3200
in thirty	to	6400
in thirty-five	to	12800
in forty	to	25600
in forty-five	to	51200
in fifty	to	102400
in fifty-five	to	204800
in sixty years	to	409600

MONEY let out at Fifteen per Cent per Ann.

Interest upon Interest, will a little more than double in five Years ; but suppose it only to double, then 100 in five Years will increase to 200

What better Methods can our Merchants and monied Men possibly contrive to encrease their Estates, than to let out their Money at Interest upon Land Security, especially as Trade fails very much at this Time, and as One Thousand Pound Sterling let out at the Rate above for 70 Years would amount to more Money than all the Land in this Province is now worth.

What sub-type of article is it?

Economic Policy Trade Or Commerce

What keywords are associated?

Compound Interest Lending Money Land Security Failing Trade Merchants

What entities or persons were involved?

Merchants Monied Men

Editorial Details

Primary Topic

Benefits Of Lending At 15% Interest On Land Security

Stance / Tone

Advocacy For Investment In Loans Over Trade

Key Figures

Merchants Monied Men

Key Arguments

Interest At 15% Doubles More Than Every Five Years Lending On Land Security Increases Estates Better Than Failing Trade 1000 Pounds At 15% For 70 Years Exceeds Value Of All Land In Province