A Few Practical Comments

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Excerpt from A Few Practical Comments: Usury LawThe paralysis was temporary. As soon as our con dition was realized by the Government and the people, every instrumentality the nation possessed was put in action, as well as its army and its navy, and when the gold in its treasury was exhausted, its credit was used wisely and to great advantage in the spoken of by Mr Carey. He calls it live money, free of interest, which took the place of thousands of millions of dead money, for whose use our people had been paying interest at twice, thrice and even twenty times the legal rates. How it takes the place of money which was buried and was purely ideal before it was buried, Mr. Carey does not trouble himself to explain. But Mr. Carey certainly cannot believe that the two thousand millions were wiped out by this process. He knows too well that unrelenting creditors, his Shylocks, cannot be paid by either logic or rhetoric. Industry must have toiled, death have aided, and the bankrupt law done its part in cancelling that moun tain load, and further, be has told us so often in the course of his speech of existing distress, caused by the sad blunder of our great financiers and the moun tain loads of debt, that he will pardon me for saying to him that by a surer process than that by which he'About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.