He next paid heed to the problem of usury. Money, always seeking the
highest bidder, preyed on the industry of the people. The common
contract rate was about fifty per cent. In many instances it rose to
more than one hundred, and unfortunates even paid two or three times as
much.[71] "It seems," Lincoln said, "as though we are never to have an
end to this baneful and corroding system, acting almost as prejudicial
to the general interests of the community as a direct tax of several
thousand dollars annually laid on each county for the benefit of a few
individuals only, unless there be a law made fixing the limits of usury.
A law for this purpose, I am of the opinion, may be made without
materially injuring any class of people. In cases of extreme necessity,
there could always be means found to cheat the law; while in other cases
it would have its intended effect. I would favor the passage of a law on
this subject which might not be easily evaded. Let it be such that the
labor and difficulty of evading it could only be justified in cases of
greatest necessity."[72] This rather remarkable admission is interesting
in view of his subsequent utterances on the sacred enforcement of all
laws lest single relaxations prove an inducement for other
violation.[73]
[71] Lamon, 133.
[72] Lincoln's Speeches, 1, 3.
[73] _Ibid._, 12.
A rather becoming modesty pervades the conclusion of his address. He
maintained that he might be wrong in regard to any or all the subjects
he discussed, declaring that it was better only sometimes to be right
than at all times to be wrong, that he was ready to renounce his
opinions as soon as he discovered them to be erroneous.[74]
[74] _Ibid._, 4.
"Every man," he observed, "is said to have his peculiar ambition.
Whether it be true or not, I can say for one that I have no other so
great as that of being truly esteemed of my fellow-men, by rendering
myself worthy of their esteem."[75] This illumines our limited knowledge
of his attitude toward an essential problem of life. Lincoln did not
fling away ambition. With patient footstep he restlessly followed the
vision of higher place along the road of helpful service to his
fellow-men. As he rose in influence, he never forsook his early ideals;
that the measure of success was worthiness and not station, that power
was only respectable as it was mercifully exercised. He believed that
altruistic responsibility expanded with growing opportunities. His good
deeds, not his personal wants, grew with his growth.
[75] _Ibid._
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