Farmers of Forty Centuries; Or, Permanent Agriculture in China, Korea And Japan

Cover Farmers of Forty Centuries; Or, Permanent Agriculture in China, Korea And Japan
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On $100 the father was paying 20 per cent interest; on $50 he was compelled to pay 50 per cent interest. The balance he had borrowed from friends without interest but with the understanding that he would return the favor should occasion be required.
Rev. E. A. Evans informed us that it is a common practice in China for neighbors to help one another in times of great financial stress. This is one of the methods: A neighbor may need 8000 cash. He prepares a feast and sends invitations to a hundre
...d friends. They know there has been no death in his family and that there is no wedding, still it is understood that he is in need of money. The feast is prepared at a small expense, the invited guests come, each bringing eighty cash as a present.
The recipient is expected to keep a careful record of con- tributing friends and to repay the sum. Another method is like this: For some reason a man needs to borrow 20,000 cash. He proposes to twenty of his friends that they organize a club to raise this sum.


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You can find similar books in the "Read Also" column, or choose other free books by King, F. H. (Franklin Hiram), 1848-1911 to read online
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