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nydus/UsuryPublic

Calvin Elliott presents a logical argument for the condemnation of usury. The text includes a discussion on the evolution of the English language and the changing meanings of specific terms used in the King James Bible.

Page 117 of 258
Table of Contents

CHAPTER XXI. ToC

issued. At seven per cent., interest paid annually or added to debt for ten years, the debt is doubled.

The usurer or interest taker says, You take this hundred dollars and care for it for me for ten years and then bring me two hundred dollars. Take this wheat and this corn and in ten years bring me back just twice the amount. Take these horses and these sheep and cattle and care for them for ten years and return them just as good as they are now, and other horses, cattle and sheep in equal number, which you have produced in these ten years.

Take this shop with all its tools and implements and care for it so that in ten years you can return it to me in as perfect order as now, and also build me with your labor and energy another shop, just like it, and equip it in every way just as complete as this, and on my return give both to me. Take this farm, fertile as it is, with its buildings and animals and implements, and preserve them perfectly, not a thing shall decay or decline in value; make good every loss, and at the end of ten years return it to me and also another farm which you have earned during these ten years, of equal acreage and fertility, equally improved with live stock and implements.

The usurer gains the preservation of his own perishable property, and he gains also the product of the vital force of his victim.

This law of decay is a natural limitation to the accumulation of any producer. As decay begins at once, a part of the vital energy must be expended in the preservation of that already produced. As the accumulations increase, more energy is required for its preservation, and less remains for active production. Time does not relax his work of ruin, and the resisting energy must be constant. The tendency to decay is such that soon the energy required to preserve that already gained leaves none to produce, and the accumulations must cease.

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