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'Modern industrial conditions demand that a man of wealth should distribute a part of his goods indirectly that is, by investing them in productive and labour-employing enterprises. The nature of the virtue of liberalitas may be more clearly understood by an explanation of the vices which stand opposed to it.
It is important to draw attention to the fact that liberalitas consists in making a good use of property, and not merely in distributing it to others, as a confusion with the English word 'liberality' might lead us to believe.
"C'est bien la liberte!" "On lit parfaitement libertas." Not so, my good M. Didron! a very different personage, this; of whom more, presently, though the letters of her name are indeed so plainly, 'Libertas, at non liberalitas, liberalitas being the Latin for largesse, not for franchise.
After him followed the knight of the Owle, whose armor was a stubd tree ouergrowen with iuie, his helmet fashioned lyke an owle sitting on the top of this iuie, on his bases were wrought all kinde of birdes as on the grounde wondering about him, the word, Ideo mirum quia monstrunty his horses furniture was framed like a cart, scattering whole sheaues of corne amongst hogs, the word Liberalitas liberalitate perit.
It is, as we said above, therefore certain that a wise and prudent saving of money for investment would be considered a course of conduct within the meaning of the word liberalitas, especially if the enterprise in which the money were invested were one which would benefit the community as a whole.
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