Usurer

“ When an embarrassed person borrows from him, that person is obliged to mortgage twice the amount that he actually receives. The usurer is a heartless strangler, an insatiable glutton. He is perpetually goaded on by covetousness to work the material ruin of others, only so that the ruin of his neighbor may benefit himself. In short, the usurer is a monster so frightful, a brute so devoid of conscience, that the very sight of him excites horror and disgust. ”

“ The property may be in public bonds or that of incorporations, requiring no care or effort on their part, yet it may be continually increasing. A usurer in any community in one life comes to absorb the wealth of that community, though the amount loaned at the beginning was small.
The accretions are the irresistible result of the principle of usury.
The wealth is more and more centralized as the years pass. Great trees in the forest shadow the smaller, and rob them of the sunshine and moisture until they perish. ”

“ In other words, if a creditor can always claim a man's tools or a man's home, he might quite as justly claim one of his arms or legs. This principle was not only embodied in medieval satires but in very sound medieval laws, which set a limit on the usurer who was trying to take away a man's livelihood, as the usurer in the play is trying to take away a man's life. And if anybody thinks that usury can never go to lengths wicked enough to be worthy of so wild an image, then that person either knows nothing about it or knows too much. ”

“ Ex. 22:25: "If thou lend money to any of my people that is poor by thee, thou shalt not be to him as a usurer, neither shalt thou lay upon him usury."
This law is more fully presented in Lev. 25:35, 36, 37: "And if thy brother be waxen poor, and fallen into decay with thee, then thou shalt relieve him; yea, though he be a stranger, or a sojourner; that he may live with thee. Take thou no usury of him, or [14] increase; but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon usury, or lend him thy victuals for increase." ”

“ Philosophers, Greekes, Latins, lawyers, divines, Catholikes, heretics; all tongues and nations have ever thought an usurer as dangerous as a theefe. The very sense of nature proves it to be so. If the stones could speak they would say as much. But some will say all kindes of usury are not forbidden. There may be cases where usury may stand with reason and equity, and herein they say so much as by wit may be devised to paint out a foule and ugly idoll, and to shadow themselves in manifest and open wickednesse. ”

“ Usury gives no relief, but makes your neighbor's want greater than it was. The usurer is no way profitable to the republic, neither by tilling the ground, by trade, &c.; yet idle at home, would have all to produce to him; hates all he gains not by. But though you were to give alms of these unjust exactions, they would carry along with them the tears of others robbed by them. ”

“ Usury cannot flourish among the vicious and the unreliable. Other evils may flourish among the idle, the indolent, the treacherous, the deceitful and the dishonest, but industry and economy and integrity and faithfulness and honor and even God-fearing [288] piety are desirable qualities in the usurer's victims. The higher the civilization, yes Christian civilization, the more is produced and the richer the harvest. The usurer has no use for a savage. This worm thrives in the living body and sucks its vitality. It cannot flourish in putrid flesh. ”

“ The slave-driver may work as hard as the slave in his efforts to appropriate the earnings of others. The thief may work in the night and endure more hardness to secure the property of another than would be necessary to honestly earn it. The usurer may give his thought, night and day, to the placing of his wealth the most securely and at the best rates of interest, and at the same time abandon all effort in the direct management of useful productive enterprises.
The complete result of usury upon the habit of industry can be realized in those who have grown up under its influence ”

“ If one were to entrust one's money to a usurer lacking other means of practising usury; or with the intention of making a greater profit from his money by reason of the usury, one would be giving a sinner matter for sin, so that one would be a participator in his guilt. ”

“ But what am I to think when I find that you are also the creed of cent-per-cent, the creed of the usurer? Has he swallowed his hellebore? is he made perfect in virtue?
Chrys. Assuredly. On none but the wise man does usury sit well. Consider. His is the art of putting two and two together, and usury is the art of putting interest together. The two are evidently connected, and one as much as the other is the prerogative of the true believer; who, not content, like common men, with simple interest, will also take interest upon interest. For interest, as you are probably aware, is of two kinds. ”

“ If thou hast lent thy money on usury to man, that is, if thou hast given the loan of thy money to one, from whom thou dost expect to receive something more than thou hast given, not in money only, but anything, whether it be wheat, or wine, or oil, or whatever else you please, if you expect to receive more than you have given, you are an usurer, and in this particular are not deserving of praise, but of censure. ”

“ MANY have made witty invectives against usury. They say that it is a pity, the devil should have God's part, which is the tithe. That the usurer is the greatest Sabbath-breaker, because his plough goeth every Sunday. That the usurer is the drone, that Virgil speaketh of ”

“ In service we always surrender something of [116] ourselves or of our own, and each knows the sacrifice or effort he has made; he cannot know the value of this to the other, and he need not know. Full compensation is due from the party served but no compensation is due when no service is given nor property surrendered.
The usurer's whole claim is for the service of his property. But he does not surrender a particle of his wealth. He does not become poorer in making his loan. He holds all his wealth as fully as before, whether it be a loan of money or grains or tools. ”

“ He that is an usurer, wisheth that all others may lacke and come to him and borrow of him; that all others may lose, so that he may have gaine. Therefore our old forefathers so much abhorred this trade, that they thought an usurer unworthy to live in the company of Christian men. They suffered not an usurer to be witnesse in matters of Law. They suffer him not to make a Testament, and to bestow his goods by will. When an usurer dyed, they would not suffer him to be buried in places appointed for the buriall of Christians. ”

“ He conducted this business with shrewdness, ruined many a family that needed money and in its necessity applied to him, and became rich. Shund the usurer is known to all the town, despised and hated by everybody. ”

“ If we admit the supremacy of man over the material creation, all subordinate to him, and no right to be, [105] except to serve him, and also admit the equal rights of all men, there is no escape from the conclusion that the usurer can have no rightful claims to any portion of the labor of the borrower, without surrendering to him some portion of his property as compensation for the services received. He must have less property when the service is rendered and the borrower must have more property if the rights of both are regarded. ”

“ When one person so entrusts another, if he should receive back more-200- than he lent, he commits Usury; and, if he die in such Crime, he shall, by the Law of the Land, be punished as a Usurer, of which, indeed, we have spoken more fully in the preceding pages. ”

“ The usurer pays nothing, he does not give a farthing; he makes no outlay; he merely changes the deposit from the bank vault, or his strong box, to his victim, and requires from him such an ample security that it is as safe in his hands as remaining in the vault. That he has bought the service of the borrower as another bought the service of the horse or chattel slave is untrue. He has given no equivalent. He retains every farthing of his wealth safely deposited with his victim. The service he receives does not diminish the value of his property nor discharge any portion of his claim. ”

“ But all the Effects of a Usurer (whether he make a Will or not) belong to the King. [277] But it is not the Custom for any one, whilst living, to be appealed or convicted of the crime of Usury—but, among other Regal Inquisitions, it is usually inquired [278] -152- and proved, who have died in this Offence, [279] and that by the oaths of twelve lawful Men of the Vicinage. Which being proved in Court, all the Moveables and Chattels which belonged to the deceased Usurer shall be seised to the King’s use, without any regard to the person in whose hands they may be found. ”

“ It is the industrious, virtuous and economical young man that is of value to the usurer, and the better his character, the greater his worth. For this reason their virtues are cried up to the usurers, as the favorable qualities of the chattel were presented in the slave marts. To secure a loan is an evidence of confidence in his business ability, and an evidence of the appreciation of his character. ”

“ To this type of mind (which is valuable when set to its special and narrow work) there is no such thing as an exception that proves the rule. If I vote for confiscating some usurer’s millions I am doing, they say, precisely what I should be doing if I took pennies out of a blind man’s hat. They are both denials of the principle of private property, and are equally right and equally wrong, according to our view of that principle. ”

“ An Usurer, having lost a hundred pounds in a bag, promised to give a reward of ten pounds to the person who should restore it. A man having brought it to him, demanded the reward. The usurer, loath to give the reward now that he had got the bag, alledged, after the bag was opened, that there were an hundred and ten pounds in it when he lost it. The usurer being called before the judge, unwarily acknowledged that the seal was broke open in his presence, and that there were no more at that time but a hundred pounds in the bag. ”

“ But usury is worse than theft, in so far as it is obtained either by deceiving people, or distressing them; generally by both: and finally by deceiving the usurer himself, who comes to think that usury is a real increase, and that money can grow of money; whereas all usury is increase to one person only by decrease to another; and every grain of calculated Increment to the Rich, is balanced by its mathematical equivalent of Decrement to the Poor. The Rich have hitherto only counted their gain ”

“ 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. The sixth, that it doth dull and damp all industries, improvements and new inventions, wherein money would be stirring, if it were not for this slug. ”

“ That the usurer breaketh the first law that was made for mankind after the fall, which was, in sudore vultûs tui comedes panem tuum; not, in sudore vultûs alieni. [3] That usurers should have orange-tawny [4] bonnets, because they do judaize. That it is against nature for money to beget money; and the like. I say this only, that usury is a concessum propter duritiem cordis: [5] for since there must be borrowing and lending, and men are so hard of heart as they will not lend freely, usury must be permitted. ”

“ Let us now say a word or two about men of business. You are aware that our great difficulty with these gentlemen is to keep them from usury- an object to accomplish which our fathers have been at particular pains; for they hold this vice in such abhorrence that Escobar declares 'it is heresy to say that usury is no sin'; and Father Bauny has filled several pages of his Summary of Sins with the pains and penalties due to usurers. ”

“ But it may better be said of usurers:
Usury here upon ursury doth grow,
And end thereof you never shall know.
And here withal in some sort they laugh at natural philosophers, who hold this axiom. That of nothing can be engendered nothing: for with them usury is bred of that which neither is, nor ever was ”

“ For our ancestors considered, and so ordained in their laws, that, while the thief should be cast in double damages, the usurer should make four-fold restitution. From this we may judge how much less desirable a citizen they esteemed the banker than the thief. ”

“ A certain risk being always incurred by those who disobey the law, the usurer very properly refuses to lend his money unless he is also compensated for the danger he is in from the penalty hanging over him. ”

“ A creditor who has been similarly “hard and unconscionable” is committed to the Fleet. The justices of Norfolk are instructed [Pg 169] to put pressure on a money-lender who has taken “very unjust and immoderate advantage by way of usury.” The bishop of Exeter is urged to induce a usurer in his diocese to show “a more Christian and charitable consideration of these his neighbors.” A nobleman has released two offenders imprisoned by the High Commission for the Province of York for having “taken usury contrary to the laws of God and of the realm,” and is ordered at once to recommit them. ”