The Co-Operative Wholesale Societies, Limited, England And Scotland : Annual 4

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In the previous reign a Bill of Usury was passed enacting that the money lender at interest should, on detection, forfeit the loan and suffer imprisonment and fine at the King's pleasure. It was con- trary to the law of the Church up to a time within the memory of men still living to lend money for gain. The practice, moreover, was condemned by all the great rulers in the empire of thought up to the time of Calvin, who was one of the first to discover that babies could go to hell and that usure
...rs could get to Heaven. Luther and Melancthon held a very different opinion, as, indeed, did all the greatest men, both in Christendom and heathendom, from the Hebrew prophets, the Greek philosophers, the Apostles of Christ, and the Fathers of the Church downwards. The Jews, how- ever, in mediasval times were allowed to practise usury, because, as 247 OTHER FORMS OF COLLECTIVISM.
the Church charitably argued, they \YOuld be damned in any case, and it was thought that their monopoly of money lending might save Christians from going into the business and thereby losing their own souls.


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