A Plea for Poor Labouring Men Shewing That By the County Court Practice They a
A Plea for Poor Labouring Men Shewing That By the County Court Practice They a
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Bankruptcy and composition are not the remedies that can be applied to the indebtedness of a poor man. The beginning of indebtedness should be made impossible, or at the least rendered less easy for him, for he cannot afford any after or later remedies. The cause and the beginning of indebtedness is the credit given by the shopkeepers, and the life of the credit system is the payment by instalments out of future earnings enforced by the County Court. If the law was that the value of the present... goods of the poor man was the extent of the remedy of his creditors, and the only available asset for payment of his debts, the shopkeeper would not trust him near so much ; and the debtor, if he could not defer the day of payment by the system of instalments, but found his goods forthwith seized for the whole amount of his debt, would not dare to ask for or take the shopkeeper's goods, unless he paid for them in ready money. Both would be in their several interests intent on one object, and that would be the diminution and discontinuance of debt, credit, and large accounts, and the volume of indebtedness by poor men would be infinitely less.
What to read after A Plea for Poor Labouring Men Shewing That By the County Court Practice They a?
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To quickly assess the difficulty of the text, read a short excerpt:
Bankruptcy and composition are not the remedies that can be applied to the indebtedness of a poor man. The beginning of indebtedness should be made impossible, or at the least rendered less easy for him, for he cannot afford any after or later remedies. The cause and the beginning of indebtedness is the credit given by the shopkeepers, and the life of the credit system is the payment by instalments out of future earnings enforced by the County Court. If the law was that the value of the present... goods of the poor man was the extent of the remedy of his creditors, and the only available asset for payment of his debts, the shopkeeper would not trust him near so much ; and the debtor, if he could not defer the day of payment by the system of instalments, but found his goods forthwith seized for the whole amount of his debt, would not dare to ask for or take the shopkeeper's goods, unless he paid for them in ready money. Both would be in their several interests intent on one object, and that would be the diminution and discontinuance of debt, credit, and large accounts, and the volume of indebtedness by poor men would be infinitely less.
What to read after A Plea for Poor Labouring Men Shewing That By the County Court Practice They a?
You can find similar books in the "Read Also" column, or choose other free books by Theophilus Lott to read onlineMoreLess
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