He borrowed large sums from bankers, curials, princes and Jews.
The trade-licence tax (impt des patentes) is imposed on every person carrying on any business whatever; it affects professional men, bankers and manufacturers, as well as wholesale and retail traders, and consists of (I) a fixed duty levied not on actual profits but with reference to the extent of a business or calling as indicated by number of employbs, population of the locality and other considerations.
During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.
A third son, James Gore King (1791-1853), was an assistant adjutant-general in the war of 1812, was a banker in Liverpool and afterwards in New York, and was president of the New York & Erie railroad until 1837, when by his visit to London he secured the loan to American bankers of £i,000,000 from the governors of the Bank of England.
Many Copenhagen Jews achieved distinction as manufacturers, merchants and bankers, and among famous Jewish men of letters may be specially named Georg Brandes.
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