Quotes about debtor

A collection of quotes on the topic of debtor, creditor, thinking, time.

Quotes about debtor

Vladimir Lenin photo

“Thus, in one way or another, the whole world is more or less the debtor to and vassal of these forn international banker countries, the four "pillars" of world finance capital.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Three
Source: Imperialism, the Highest Stage of Capitalism: Full Text of 1916 Edition

Sai Baba of Shirdi photo

“My sons’ birthday; we have a grand feeding
Another sons thread ceremony is proceeding
Life is busy you know if you ever say
The death god will be laughing behind you, I say
Not eaten dinner, have not seen the favourite show
Some debtors are waiting to get my loan, No way
Once your purpose is over, no time is wasted away
Think meanwhile of Purandara Vittala with a bow.”

Purandara Dasa (1484–1564) Music composer

In this quote Dasa is warning against the inevitable when one is busy with worldly chores as given here[Narayan, M.K.V., Lyrical Musings on Indic Culture: A Sociology Study of Songs of Sant Purandara Dasa, http://books.google.com/books?id=-r7AxJp6NOYC&pg=PA79, 1 January 2010, Readworthy, 978-93-80009-31-5, 81]

Aurelius Augustinus photo
Theodore Roosevelt photo
Stefan Zweig photo
Antonin Scalia photo
Michael Parenti photo
P.G. Wodehouse photo
Johann Wolfgang von Goethe photo
Rutherford B. Hayes photo

“I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business.”

Rutherford B. Hayes (1822–1893) American politician, 19th President of the United States (in office from 1877 to 1881)

Letter to Austin Birchard (21 April 1874), when he was approximately $46,000 in debt.
Diary and Letters of Rutherford Birchard Hayes (1922 - 1926)

John Vanbrugh photo
Titian photo
Hunter S. Thompson photo

“Ah, fortune and fame shall follow me…and I shall dwell in the world of the chosen for a few moments of fleeting ecstasy; ere the seven burly lads turn into creditors and hustle me off to debtors' prison at last.”

Hunter S. Thompson (1937–2005) American journalist and author

Letter to Porter Bibb III (6 February 1957), p. 44
1990s, The Proud Highway : The Fear and Loathing Letters Volume I (1997)

“For generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U. S, became the world's largest debtor.”

Allen B. Rosenstein (1920–2018) American systems engineers

Allen B. Rosenstein (1989) " Competitiveness and Incoherent National Policy http://www.allenbrosenstein.com/pdf/competitiveness-incoherent.pdf", National Academy of Public Administration, Keynote Speech, 1989.

Gustav Stresemann photo

“International indebtedness involves not only the usual slavery of debt, but the interest of the creditor nations in the debtor country.”

Gustav Stresemann (1878–1929) German politician, statesman, and Nobel Peace Prize laureate

Article for Zeit (20 April 1924), quoted in W. M. Knight-Patterson, Germany. From Defeat to Conquest 1913-1933 (London: George Allen and Unwin, 1945), p. 348
1920s

Rutherford B. Hayes photo

“Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.”

Rutherford B. Hayes (1822–1893) American politician, 19th President of the United States (in office from 1877 to 1881)

Diary (13 July 1879)
Diary and Letters of Rutherford Birchard Hayes (1922 - 1926)

David Hume photo
Frederik Pohl photo
Willy Brandt photo
Sören Kierkegaard photo
Michael Hudson (economist) photo

“The messages of the prophets are essentially indictments of Israel for breach of covenant. They preserved some memory of the old traditions, but were not so naive as to think that the literal demands of the old law would be adequate in their own times. There is no condemnation of the stratification of society as such, rather a condemnation of the injustice and extortion which was done by the powerful. To take a specific example, the old law knew as security for a loan only the pledge (Exod. 22:26). In a simple economy, loans were evidently of an amount which would usually be adequately secured by giving to the creditor some property to hold until the loan was repaid. In case of default, the debtor's property simply reverted to the creditor. No other form of security is presupposed in the Covenant Code, and it is specifically forbidden that an Israelite be a "creditor" to one of his fellows. Already in the reign of Saul the situation had changed, Those who gathered about David as outlaws included those who had "creditors" (I Sam. 22:2), and who therefore had to flee. Under the old pledge system of security there would be no possible occasion for flight from the community in case of default. A totally different legal doctrine had come into practice whereby the person of the debtor was security for a loan. Upon default the creditor could seize him (or his family) as a slave, possibly without any legal action at all. The only alternative to slavery would have been flight. This doctrine is identical to that of Babylonian law, and no doubt of the Canaanites as well. It is in the law of the monarchy that Canaanite influence is doubtless to be posited, but it is a legal tradition in total contradiction to the customs and morality of early Israel. Amos protested violently against the way the legal doctrine was practiced, as did most of the prophets (Am. 2:6; Hos. 12:8-9; Mic. 2:1-2). The later lawcodes illustrate beautifully the way in which the early traditions, and the needs of business were brought into harmony. The older pledge system was simply inadequate for a commercial economy; and if the person of the debtor was to be protected, so also must the rights of the creditor to some security for his loan to be guaranteed. Therefore, Deuteronomy and the Holiness Code (Lv. 17-26) accept the doctrine of bodily liability, but place restrictions upon the powers of the creditor over the defaulting debtor. In the Holiness Code he is not to be treated as a slave, nor given the legal status of a slave, but rather to be as a hired laborer.”

George E. Mendenhall (1916–2016) American academic

Law and Convenant in Israel and the Ancient Near East (1954)

Theodor Mommsen photo
Nico Perrone photo
Seneca the Younger photo

“A trifling debt makes a man your debtor; a large one makes him an enemy.”
Leve aes alienum debitorem facit, grave inimicum.

Seneca the Younger (-4–65 BC) Roman Stoic philosopher, statesman, and dramatist

Source: Epistulae Morales ad Lucilium (Moral Letters to Lucilius), Letter XIX: On worldliness and retirement, Line 11.

Will Eisner photo
Sören Kierkegaard photo
Theodor Mommsen photo

“Caesar did not confine himself to helping the debtor for the moment; he did what as legislator he could, permanently to keep down the fearful omnipotence of capital. First of all the great legal maxim was proclaimed, that freedom is not a possession commensurable with property, but an eternal right of man, of which the state is entitled judicially to deprive the criminal alone, not the debtor. It was Caesar, who, perhaps stimulated in this case also by the more humane Egyptian and Greek legislation, especially that of Solon,(68) introduced this principle--diametrically opposed to the maxims of the earlier ordinances as to bankruptcy-- into the common law, where it has since retained its place undisputed. According to Roman law the debtor unable to pay became the serf of his creditor.(69) The Poetelian law no doubt had allowed a debtor, who had become unable to pay only through temporary embarrassments, not through genuine insolvency, to save his personal freedom by the cession of his property;(70) nevertheless for the really insolvent that principle of law, though doubtless modified in secondary points, had been in substance retained unaltered for five hundred years; a direct recourse to the debtor's estate only occurred exceptionally, when the debtor had died or had forfeited his burgess-rights or could not be found. It was Caesar who first gave an insolvent the right--on which our modern bankruptcy regulations are based-- of formally ceding his estate to his creditors, whether it might suffice to satisfy them or not, so as to save at all events his personal freedom although with diminished honorary and political rights, and to begin a new financial existence, in which he could only be sued on account of claims proceeding from the earlier period and not protected in the liquidation, if he could pay them without renewed financial ruin.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Restriction on 'usury' or restrictions on the laws in relation to the collection of interest
Vol. 4, pt. 2, translated by W.P. Dickson.
The History of Rome - Volume 4: Part 2

Donald J. Trump photo
William Jennings Bryan photo

“Modern man is a debtor, or he is nothing, and money becomes more and more illusory.”

Robertson Davies (1913–1995) Canadian journalist, playwright, professor, critic, and novelist

The Table Talk of Samuel Marchbanks (1949)
Context: Readers will immediately divine that this was written before the advent of the credit card. After this invention grasped commerce in its clutch, Marchbanks found that unless he had one he was without Fiscal Credibility; if he had no debts he did not exist. Modern man is a debtor, or he is nothing, and money becomes more and more illusory.

Julian (emperor) photo

“Most opportunely friends, has the time now come for me to leave life, which I rejoice to return to Nature, at her demand, like an honorable debtor, not (as some might think) bowed down with sorrow, but having learned much from the general conviction of philosophers how much happier the soul is than the body, and bearing in mind that whenever a better condition is severed from a worse, one should rejoice, rather than grieve”

Julian (emperor) (331–363) Roman Emperor, philosopher and writer

Julian, mortally wounded in battle, upon his deathbed, as recorded by Ammianus Marcellinus (who was probably present) in Book XXV of his history. <!-- Loeb Classical Library -->
General sources
Context: Most opportunely friends, has the time now come for me to leave life, which I rejoice to return to Nature, at her demand, like an honorable debtor, not (as some might think) bowed down with sorrow, but having learned much from the general conviction of philosophers how much happier the soul is than the body, and bearing in mind that whenever a better condition is severed from a worse, one should rejoice, rather than grieve... Considering, then that the aim of a just ruler is the welfare and security of its subjects, I was always, as you know, more inclined to peaceful measures, excluding from my conduct all license, the corrupter of deeds and of character…And therefore I thank the eternal power that I meet my end, not from secret plots, nor from the pain of a tedious illness, nor by the fate of a criminal, but that in the mid-career of glorious renown I have been founds worthy of so noble a departure from this world...

Benjamin Franklin photo

“Creditors have better memories than debtors. ”

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …
Ambrose Bierce photo