deems disadvanta- geous terms, though it cannot prevent his selhng his goods at a ruinous sacrifice. The consequence is, that FOEOED SALES. 125 in order to save his credit or supply an urgent neces- sity, he may be compelled to raise money by a forced sale, and sustain thereby much greater loss than had he borrowed at an increased rate of interest. The loss attending forced sales bears in general no pro- portion to what would be deemed an extravagant interest ; as, where a man's moveables are taken in execution, they may be considered as pretty well sold if they produce one-third of what it would cost to re- place them. In this way the loving-ldndness of the law costs him sixty-six per cent., whereas, had he been allowed to offer even as high as twenty per cent, per annum, it would be upwards of three years before he paid what the law charged him at once;^ and thus the Legislature may ruin a man. There may be worse cruelty, but there cannot be greater folly.
Money is really worth more at one time than another ; and to one person more than to another