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Front Page arrow Titles (by Subject) arrow CHAP. XVI.: The Assistance a State may derive from Bankers. - Complete Works, vol. 2 The Spirit of Laws

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CHAP. XVI.: The Assistance a State may derive from Bankers. - Charles Louis de Secondat, Baron de Montesquieu, Complete Works, vol. 2 The Spirit of Laws [1748]

Edition used:

The Complete Works of M. de Montesquieu (London: T. Evans, 1777), 4 vols. Vol. 2.

Part of: Complete Works of Montesquieu, 4 vols.

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CHAP. XVI.

The Assistance a State may derive from Bankers.

THE bankers business is to change, not to lend money. If the prince makes use of them to exchange his specie, as he never does it but in great affairs, the least profit he can give for the remittance, becomes considerable; and if they demand large profits, we may be certain that there is a fault in the administration. On the contrary, when they are employed to advance specie, their art consists in procuring the greatest profit for the use of it, without being liable to be charged with usury.