The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-06-06


said 1t l., impossible to conceive that
God would tell hia childron to lond to
strangers on nsury anu mako II unlaw'
tuI 10 choreo Ills brother.
THE NEW rEsrAMESr.
hovovcr I'm, no,blnc In .av nm tho ,uh.
a., ..I A.. -,
'ep'o' u'u'y' auu 'po paSsasu quotou
shows tho proprioly oil lending GU IN
torost. Tho Koran OF tho MuBsolmon
mon atrongly forbids londiug money on
utury, but In Arabian countries tho
money lendcrs Gun DO found lust tho
Same.
Tho litllo peninsula OF Grocco showed
moro advancement than any other
country OF ancient times. Whom wo
look back wo aro uncertain whether wo
have reached tho point that Greeco &C.
cupiod centuries ngo. She had tho
finest orators, her poetry has v
boon cxcellod, hor dramas aro still high
| up In tho worlds estimation and her
commerce covered tho eastern Moditor.
ranenn. Greece wa M example OF puro
democracy and perhaps tho most 70.
markablo country in history. She never
had q law against tho charge OF interest
or usnry. Scion, her great l~awglver-
responsible for tho first bankruptcy
LAWS said 10 have passed. q law max.
ing the charging OF interest loyal, max.
Ing 1t perfectly proper for people having
money to charge for It's uso b. pooplo
nooding II. Tho philosophers, howover,
took another Wow Of It. Aristotle said
1t was unworthy 10 charge interest, and
othora held tho samo viaws. Aristotle
IL responsible for the old doctrine that
money Ia naturally barron, that mouoy
cannot begct money and canno. breed.
This Is to-day the chief argument OF
those who object to usury, or Interest, US
It Is now commonly called.
Coming ovor to Rome. which was mar.
rover than Greece in ideas as ii was
broader In territory, wo find early in
hor history laws against usury, until
tlually We come to the odict OF Justinian
regulating interest. Speaking OF the
attitude OF tho carly fathers oil tho
Christian church, tho speaker quoted
from several showing that usury was
accounted about tho worst OF crimes,
In early English history it is found that
the bodies OF usurers were not allowed
burial in sanctifcd ground.
Later on it is found that ugurcrs
were outlawod. Il was not until the
timo OF Henry VIII, OF many wives,
that q law was passed by the king on
tho advice OF the great Cardinal Wolsey
fixing q legal rate of interest, ton
percent. This marks the first impulse
OF commercial expansion. To Henry
anu MS minister belongs the real credit
Whon Ei;1ah.,h esa. ehpans'oh.
ground work was laid and that monarrh
won't ahead on tho lines laid out by
iienry y Molsey. Notwithstandinct tho
ia't tnat me charge OF interest was
leGal'zed PUBIC opinion In England
was against IL asis seen IN shakespeare's
WORKS.
coming 10 n later period in history
tue speaker referred to words OF tho
great blackstone on the subject Of inter-
Gu. Inc original legal rate In Virginia
was D per cent where II mas since ro-
named: Formerly tho law against
usury IN its modern sense was very
severe but liberal ideas have prevail ed
NAy sbS
forfeiture OF the excess charged. The
speaker suggested that possibly the
limit would eventually be repealed and
49, ~, bnn.o rouu ea'ue III LUG
At the conclusion of Wr. Rrsso,,a
very interesting address a motion was
MADE n passed that a vote OF thanks
''N''
THE TRir TO DESwoop.
At S o'clock about fifty bankers and
business men took two snec;ol s,.c.ric
a.. .,.,.J :. .h.;
.n'' p.'e'u u. '"e'' uisposa' py Inc
wheeling Railway company and went
70 me hiVerside steel and tube works.
a. benwood. Mr. J. n. Vance, Mr..
bloomfield and tho superintendent OF
the different departments showed the
visitors through the cntirc works, and
explained all the processes. Tho party
was delighted with tho visit. and all ex-
VfTh I'm III A n N r N - AlaN ~E--