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Updated: May 29, 2025
As we find a positive prohibition of taking usury or interest in the old dispensation and the confirmation of it in the new, both by the words of the Master and the understanding and practice of the disciples and fathers, we may confidently expect that it will be confirmed by a correct and careful study of ethics and of the relation of man to things. We may learn duty from either or both sources.
Hornby intended to foreclose as speedily as possible the mortgages he already held, and invest his capital in more profitable securities. "Well, then would he lend the amount at any interest he chose?" "The usury laws," replied Hornby, with his usual saturnine sneer, "would prevent my acceptance of your obliging offer, even if I had the present means, which I have not.
In what quarter of the palace rests he? And Foulik Pasha?" "Foulik Pasha sits by his door, and the room is by the doorway where the sarrafs keep the accounts for the palaces your Highness builds. Also, abides near, the Greek, who toils upon the usury paid by your Highness to Europe." Ismail smiled. The allusions were subtle and piercing. There was a short pause. Each was waiting.
"For the usurer being at certainties, and others at uncertainties, at the end of the game most of the money will be in the box; and ever a state flourisheth when wealth is more equally spread. The fifth that it beats down the price of land; for the employment of money is chiefly either purchasing or merchandising; and usury waylays both.
Such also were the laws originating in the conflicts of the orders directed against usury as well as against an undue use of the common pasture and a disproportionate appropriation of the occupiable domain-land.
In like manner he commits an injustice who lends wine or wheat, and asks for double payment, viz. one, the return of the thing in equal measure, the other, the price of the use, which is called usury. 'On the other hand, there are other things the use of which does not consist in their consumption; thus to use a house is to dwell in it, not to destroy it.
The colonel, after careful inquiry, engaged to take Judge Bullard's place, one Albert Caxton, a member of a good old family, a young man, and a capable lawyer, who had no ascertainable connection with Fetters, and who, in common with a small fraction of the best people, regarded Fetters with distrust, and ascribed his wealth to usury and to what, in more recent years, has come to be known as "graft."
The vast accumulations of wealth, so sure to follow the operation of usury, was hitherto unknown. Corporations, combinations for the handling of great interests, grasping the natural resources and monopolizing the natural wealth, gaining franchises covering a monopoly of privileges in transportation, light and communication by the telephone or telegraph, are comparatively recent.
In vain the Church by its canons steadily resisted the economic changes of a time when wealth began to gather again and capital found new uses, and bitterly as it declaimed against usury and mortgages, angry complaints still increased "that many people laying aside business practised usury almost openly." Nor were the towns behindhand in activity.
The reader cannot fail to recognize here, as usual, the reference to Rome, where usury was practised to an exorbitant extent. See Fiske's Manual, Sec. 270, 4. and Arnold's His. of Rome, vol. 1, passim. Universis. Whole clans, in distinction from individual owners. In vices. By turns. Al vices, vice, vicis. Doed. prefers in vicis; Rit. in vicos==for i.e. by villages.
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