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An Essay Upon Projects by Daniel Defoe
page 38 of 185 (20%)
forbearance . . . . . . . . . . . . 74 0 0
======
193 0 0
Principal money borrowed . . . . 700 0 0
=======
893 0 0
Due to the merchant . . . . . . . . . . 29 0 0
=======
922 0 0

By the moderatest computation that can be, these wines cost the
merchant as follows:-

First Cost with Charges on Board. Pounds s. d
In Lisbon 15 mille reis per pipe is
1,500 mille reis; exchange,
at 6s. 4d. per mille rei . . . . . 475 0 0
Freight to London, then at 3 pounds per
ton . . . . . . . . . . . . . . . . 150 0 0
Assurance on 500 pounds at 2 per cent. . . 10 0 0
Petty charges . . . . . . . . . . . . . 5 0 0
=======
640 0 0

So that it is manifest by the extortion of this banker, the poor man
lost the whole capital with freight and charges, and made but 29
pounds produce of a hundred pipes of wine.

One other office of this bank, and which would take up a
considerable branch of the stock, is for lending money upon pledges,
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