Illustrations of political economy, Volume 4 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 4 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
This proof of some knowledge of his transactions caused the money-lender
to pause and attentively consider his guests; after which he observed,
as if half to himself, that debts of honour were troublesome things, and
especially to ladies, to whom ways and means were less open than to
gentlemen. Letitia supposed that Mr. Simeon knew best, from the nature
of his business; but she had believed that gaming was obsolete among
ladies. She knew no ladies who were addicted to play. Simeon’s further
remarks glanced upon unpaid jewellery, the flight of Chancery-wards to
the continent, and divers other suppositions, all of which were baffled
by one or other sister, who did not choose to allow occasion for any
scandal against themselves, in case of the present transaction becoming
known. Letitia cut the investigation short by requesting to look at the
statute which regulates the rate of interest on monies lent, and which
she concluded to be in the possession of a money-lender. It was brought,
and with it a taper, by whose light Mr. Simeon was enabled to perplex
himself still further about the quality of his fair visitors.
“It is an unjust law, madam, a cruel law, worthy only of the Mahomedans,
who call it a sin to lend monies on interest; but it is the law....”
“And must therefore be obeyed, Mr. Simeon. The forfeit—‘the treble value
of the monies, or other things, so lent, bargained, &c.’—I wonder they
do not ordain the treble value of silks and sugars to be forfeited when
the price rises. As well one commodity as another.”
“Ah, madam, that would raise the prices unconscionably. People must have
commodities; and if they cannot get them by a straight-forward course,
they must have their little plans and managements. There is risk and
trouble in such plans; and for this the planners must be paid. So much
being added, the prices would rise unconscionably.”
“That is to say, sir, that we are to pay you unconscionably, if you can
make a little plan to furnish us with this money. Let us hear your
terms, supposing we can furnish you with unquestionable security.”
Mr. Simeon seemed disposed, however, to descant a little longer on the
hardship of the law, which not only, he observed, obliged him to be wary
and even apparently rigid in his proceedings,—not only was a perpetual
and most injurious hinderance in the way of commerce,—not only showed
that the makers of the statute did not understand the office of a
circulating medium,—not only brought the holy law of Moses (by which the
taking of interest was falsely supposed to be forbidden) into
contempt,—but had actually brought two charming ladies from their native
regions of refinement into a dark hole quite unworthy of their presence!
He was recalled to business, and obliged to state the rate of interest
he would receive through one of the circuitous and safe methods which
necessity has invented. He was not sufficiently aware with whom he had
to deal.
Public-domain text, read in full here on John Shaqi.
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