To come at once to modern days and practical views. Let us suppose lending on interest forbidden by the Church and the law. Then sums of money required for good and legitimate business purposes must be begged as a great favour. No honourable man would do this. The instinctive repugnance felt by an independent man to place himself under pecuniary obligations which he could not reciprocate would stop many a promising young man of slender means from going to college, many a good man of business from using the most favourable opportunities. I am not speaking of borrowing money to gain temporary relief from pecuniary embarrassment, but of money honourably desired to realize advantages of apparent life-value. So the necessitous would be doomed to remain in hopeless necessity until some benevolently-minded person with a mass of loose unemployed capital came to his rescue, and such men are not to be met with every day. So far for the man who would like to borrow, but that the law will not allow it except as a free loan or gift. Then for the willing lender, if he dared. He has, say, a few thousands in hand, which he does not wish to spend. He looks round, if he is anxious to use it for good, for an object of his charity who seems least likely to disappoint him. Does our experience of human nature teach that a sense of gratitude for benefits received is a good security for honourable conduct? Alas! in a multitude of cases--I fear the majority--the lender would only be met with cold and alienated looks when he expected to receive his own again, if indeed he found anywhere at all the object of his kindness. The memory of past ingratitude, the fear of worse to come, would dry the sources of benevolence, and make the upright and honest to suffer equally with the swindler and the hypocrite. But there is no such fear now. The recognized system of lending upon approved security for a fair and moderate rate of interest removes the irksome, galling sense of obligation, and enables any man to borrow with a feeling that if he receives an obligation he is also conferring one; that if he makes ten per cent. by trading, or a good stipend by his degree, he will divide his profits fairly with the man who served him, and that he is helping him in his turn to keep his money together for the sake of his children after him. Take away these benefits, and what good is done by free lending? Not any that we can see with ordinary eyes, but a good deal of suspicion, disappointment, ingratitude, and loss. An honourable man would a hundred times rather accept a loan as a matter of profit to the lender than as a charity to himself. The right result of an honourable system of borrowing and lending with equal advantage to both, _is_ the will of God, and not contrary to sanctification. The result of a compulsory system of charitable loans would lead only to the destruction of credit and mutual confidence, and the sacrifice of a multitude of Christian graces and virtues.