The Sun.
London, England, 1816-07-27 00:00:00

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sA T 1,14 DAY', JUDY 27, s 16.

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-tur.4 and 3,,,and ou the ancient cOntinent much
•
. .
yht; law of interest can no metre 'reaeb and
compel nil the casts i,priletiClego *lnd abuses among
Jews, Christians; gamblers., bal'iet, tools', and
usurers, than the hid her law (if matrimony does
prevent an coneubitiage and all adultery. The
erasion or abuse arguet tiff neither case against
thi! enactment or the:aSe,. Tlt'e hw of regnlatibh
aud reistraint of interest And u*nry, has tups be-
i
iteficent uses, fur the industrious, the young, the
and the
siirdnous ; it for those %Vho
would abate this precious curb and land-mark of
society, to J {lt w clearly that it has operative in-

cOnyeilienees on ci%il anti commercial ti Cc greater
than its sure prottetiowand long-proved benefits.;
to prove that the lender lu:s need to. be defended
how the borrOwer, who gives hint a sedulity and
a 'rent ! ! .
Money; in a new and simple tociety Nith.un-
occupied lands, tan find no interest. The Jews,
in their infant plantation in 'a new and.' promised
land, were forbiddeu to take interest of. one ono.
ther,-.a politic and moral.forbearauce which they.
• have t•ince:well repaid themselves On the heathen
and the Christian fur 3000 years,
Modern-Governments, unlucky in their impo-
litia,and too far.carried ingennity at P.tatfs.to the
States, have done &ell.• to. restrain the • rate .and
abatte cif tAttry Ity the publtcycstrictiun of a gene-
ratdimitation by the law:
The VxpeKiettve of France and some other
etrootticx has shown too much that State engage.
ratittli 044 always. permanent secujities; The
loans of niv ions borrowed at periods of war, in
fear and hazard of conquest or exhaustion, are a
distinct clais.antl chasraeter of investnitint. This
ropti rcs to be, hat cannot Ate-put-sued further here.
The use or interest of money, plact &l on per-
real, or svell-calculated security, has .a
limit or ratio, in nature and:sound politic tea-
untny--;.-it is recently lowered. in Bengal,. from 12
to b per cent.—it is now At .3 and at 4 per cent.
in Sweden. There is no doubt, that peaceand se-

curi v suppose!, the East 111(1'14 Company could
. ,
at thk tilSe vlialMfi le Ur o_p_pr es' etualzvn en t

Usury, extravagant interest, hi It renrsrsrtifr"
oppression date Riot" and the labourer, have
been the bane and the degradation of the sre
soil awl happy dispositions of fruitful and inge-
nions Asia,. particularly in thete.eaiing.abuurlaned
of its southern
,anci mild soils anti climate?,
,There
is no p,,litie-ectinoiny, no sense or love of court-
try, though entmelt of. pride, ignorance and .su—
perstitions attachment :Chem It personal,
solitary, avaricious; Usury despOils the fruitful,
to load the barren class of society—makes rich
men, and a poor State and wretched people. Lend
to the foreigner, is a politic. rule—at _Which rate
(if paid), his rent , snort creates another capital:
but to oppress, despoil and impoverish one ano-
ther in our condition anti state of. society, by an
. extravagant or miscalCalated habit of interest, is
surely the acme of error and mistake, and would
in the end Surround the lentler`with a loathsome
misery, and make, at leastiiiis boards useless anti
oppressive to, hionself Riches, like dung, are ,a
nuisance and a nullity, till they are spread, and
employed .to yeprott net ion , u hich they cannot be,
if the lender or-ienter iWisist on all the . usufruct
either 'of 8(41_0 money.