Greece as a Kingdom

Greece as a Kingdom

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1842 edition. Excerpt: ...being applied for general municipal purposes. It is plain that this mode of levying the tax in question opened a door for innumerable abuses and vexatious overcharges. Many merchants, dealers, and shopkeepers, whose only capital was the credit they enjoyed, and whose profits were uncertain and dependent on the opinion their neighbours entertained of their resources, their capital, and their income, were exposed to the dangerous alternative of passively subjecting themselves to a heavier tax than their business yielded, or of proving, by their books and a public statement of their affairs, that they were justified in making objections--a course which must seriously affect their credit. This system threatened to give a death-blow to the very essence and spirit of all commercial affairs--secrecy and credit; and had it been persisted in, would have withered for ever the young tree of commerce but lately planted in the soil of Greece, where it required the most judicious management to enable it to take root, but where, under the attentive care of a fostering government, it promised shortly to make rapid shoots. But the country is still poor, and the capital small; the splendid resources of the soil, the climate, the industry and natural abilities of the inhabitants, are not yet developed and made available. Money is very scarce, and a good deal of foreign capital is embarked in commercial enterprises; most of the houses and ships being built with borrowed monies, for which an enormous annual interest must be paid. These circumstances were not taken into consideration in framing the above law, which pressed very heavily upon a large class of the inhabitants. Besides the arbitrary method of assessing the mercantile and working classes, it opened a more

Product details

  • Paperback | 120 pages
  • 189 x 246 x 6mm | 227g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236537289
  • 9781236537287