Among the many mooted cases in which the question of honesty is involved, our proposed limits will permit us to consider only that of usury(14) (so-called). There can be no doubt that usury laws and the opinion that sustains them sprang from the false theory, according to which money was regarded, not as value, but merely as the measure of value. It is now understood that it owes its capacity to measure value solely to its own intrinsic value; that its paper representatives can equal it in purchasing power only when convertible at pleasure into coin; and that paper not immediately convertible can obtain the character of money only so far as there is promise or hope of its ultimate conversion into coin. It follows that money stands on the same footing with all other values,—that its use, therefore, is a marketable commodity, varying indefinitely in its fitting price, according as money is abundant or scarce, the loan for a long or a short period, and the borrower of more or less certain solvency. For ordinary loans the relations of supply and demand are amply competent to regulate the rate of interest, while he who incurs an extra-hazardous risk fairly earns a correspondingly high rate of compensation. There is, therefore, no intrinsic wrong in one’s obtaining for the use of his money all that it is worth; and while we cannot justify the violation of any laws not absolutely immoral, dishonesty forms no part of the offence of the man who takes more than legal interest.(15) Section V. Beneficence. *We have a distinct consciousness of the needs of human beings.* If we have not suffered destitution in our own persons, we yet should deprecate it. What we should dread others feel. The things which we find or deem essential to our well-being, many lack. We, it may be, possess them or the means of procuring them, beyond our power of personal use. This larger share of material goods has come to us, indeed, honestly, by the operation of laws inherent in the structure of society, and thus, as we believe, by Divine appointment. At the same time we are conscious, in a greater or less degree, of the benevolent affections. We are moved to pity by the sight or knowledge of want or suffering. Our sense of fitness is painfully disturbed by the existence of needs unsupplied, of calamities unrelieved. We cannot but be aware of the adaptation of such superfluity of material goods as we may possess to beneficent uses; and it can hardly be that we shall not rest in the belief that, in the inevitable order of society, it is the predetermined design and purpose of abundance to supply deficiency,—of the capacity of service, to meet the ever pressing demands for service. Beneficence, then, is a duty based on considerations of intrinsic fitness.