A Treatise On the Principles of the Usury Laws With Disquisitions On the Argume
A Treatise On the Principles of the Usury Laws With Disquisitions On the Argume
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To quickly assess the difficulty of the text, read a short excerpt:
" It is by no means true that the borrower has always " his eyes open. " He is in great dis- tress, and is obliged to submit to the terms imposed upon him. He hopes to escape from his difficulties. He does not recollect that the majority of persons, who borrow at enormous interest, are at last ruined ; or he fondly trusts that he will be one of the few fortunate excep- tions. The monied man is, or might be, able to see all this ; but, if he can obtain ten, fifteen, or twenty, per cent, for a te...mporary loan, he trusts to his superior vigilance to obtain back his prin- cipal. Perhaps, the truth is, on these occasions, that neither party have u their eyes properly open ;" for, whilst despair and hope alternately blind the one, excessive cupidity deludes the other. But with each peculiar case we cannot reason ; the law is general, not partial ; and 6 55 (as Lord Redesdale has stated, ) it considers transactions of this nature, " not with a view to the individual, but on public grounds, in order to render the lending of money generally benefi- cial, by facilitating the means of procuring it on reasonable terms.
What to read after A Treatise On the Principles of the Usury Laws With Disquisitions On the Argume?
You can find similar books in the "Read Also" column, or choose other free books by Ties20in20their20favorbookmark to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" It is by no means true that the borrower has always " his eyes open. " He is in great dis- tress, and is obliged to submit to the terms imposed upon him. He hopes to escape from his difficulties. He does not recollect that the majority of persons, who borrow at enormous interest, are at last ruined ; or he fondly trusts that he will be one of the few fortunate excep- tions. The monied man is, or might be, able to see all this ; but, if he can obtain ten, fifteen, or twenty, per cent, for a te...mporary loan, he trusts to his superior vigilance to obtain back his prin- cipal. Perhaps, the truth is, on these occasions, that neither party have u their eyes properly open ;" for, whilst despair and hope alternately blind the one, excessive cupidity deludes the other. But with each peculiar case we cannot reason ; the law is general, not partial ; and 6 55 (as Lord Redesdale has stated, ) it considers transactions of this nature, " not with a view to the individual, but on public grounds, in order to render the lending of money generally benefi- cial, by facilitating the means of procuring it on reasonable terms.
What to read after A Treatise On the Principles of the Usury Laws With Disquisitions On the Argume?
You can find similar books in the "Read Also" column, or choose other free books by Ties20in20their20favorbookmark to read onlineMoreLess
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