A love story, part two: Getting the numbers to add up ~ Tallis Steelyard

Reblogged from Jim Webster, aka Tallis Steelyard:

A love story, part two. Getting the numbers to add up

When contemplating telling the story of Hindle Walbarrow It occurred to me that I must first tell the salutary tale of the House of Bumblewin. The Bumblewins are usurers and will indeed lend money. But they are also calculate actuarial tables and even more importantly, they produce the compound interest tables that so many others use. Now you would have thought that once you had a compound interest table, it would do forever. After all, numbers don’t change.

Jos Bumblewin Senior had realised that as well. But he was determined to do something about it. Now even a leading Port Naain Usurer cannot change arithmetic. But he could influence the calculation. As a Sinecurist he suggested to the Council of Sinecurists that the Council could cover a temporary shortfall in their budget by raising an impost of one dreg per alar repaid. He pointed out that it would fall to usurers to collect this and pay it, annually, to the Council. Whilst a very small sum on any given loan, across the city in the course of a year, it produced a respectable sum. The Council accepted his suggestion with gratitude.

Continue reading at Tallis Steelyard

About Sue Vincent

Sue Vincent is a Yorkshire-born writer and one of the Directors of The Silent Eye, a modern Mystery School. She writes alone and with Stuart France, exploring ancient myths, the mysterious landscape of Albion and the inner journey of the soul. Find out more at France and Vincent. She is owned by a small dog who also blogs. Follow her at scvincent.com and on Twitter @SCVincent. Find her books on Goodreads and follow her on Amazon worldwide to find out about new releases and offers. Email: findme@scvincent.com.
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1 Response to A love story, part two: Getting the numbers to add up ~ Tallis Steelyard

  1. jwebster2 says:

    Be still my beating heart. Such passion, such dedication 😉

    Liked by 1 person

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