Usury : $b a scriptural, ethical and economic viewElliott, Calvin
Religion
Usury : $b a scriptural, ethical and economic view
Elliott, Calvin
Usury
The usurers were not able to withstand this onslaught of the chief
commander and the aroused people, and they made no reply. Their
conduct had so evidently been contrary both to the letter and spirit
of their own law, they were compelled to yield and to say meekly, "We
will do as you have said."
Then he stated the terms and conditions of the reform he would
institute.
1. They must return the pledges they had taken for debts, without
reserve. The people must not be deprived of their land, tools, or
instruments of production. The foreclosure of mortgages must be set
aside and the people again given possession of their lands.
2. Interest must be returned or credited upon the debts. If the
interest equaled the debt, then the debt was fully discharged. If more
than the principal had been paid, then it must be returned in money or
in the product of lands taken in foreclosure, the wine or oil or
fruits and grains must be returned. Thus only could the wrongs be
corrected and righteous adjustment be made.
There then followed a general restoration of pledges and a cancelling
of debts that had been paid once in interest, and a repaying of any
surplus.
3. They must take a solemn vow that this sin shall henceforth be
unknown among them. The law against usury or interest must henceforth
be carefully obeyed. These distinctions that had grown up among them
must disappear forever, and the cause of the poverty of the many and
the wealth of the few must be shunned.
To these conditions the usurers assented, made ashamed by the conduct
of the noble patriot in contrast with their own selfishness, though
they had not yielded until awed and compelled by the indignation of
the people, which Nehemiah had enkindled against them.
This positive enforcement of the law against the taking of increase on
any loan, makes unmistakably clear the interpretation of the law by
the devout, earnest, sincere, God-fearing Hebrews, down to the close
of the Old Testament Canon.
[1] References: Ezra, Nehemiah, Bible Dictionaries.
CHAPTER VII.
TEACHINGS OF THE MASTER.
Psalmist and prophets had sung of the exalted character of the coming
Messiah. "Thou art fairer than the children of men: grace is poured
into thy lips." "And his name shall be called Wonderful, Counselor,
The Mighty God, The Everlasting Father, The Prince of Peace."
At his coming he lifted to a higher plane, by his precepts and
example, the ideal of a true, noble and worthy human life. By his
teachings and by his life of utter unselfishness he revealed clearly
the exalted character and conduct that conformed to the Divine will.
1. Our Lord's character forbids that we should think of him for a
moment as devoted to the gathering of worldly wealth. He came to
minister unto, not to serve himself. Self-seeking was foreign to his
nature. A great truth was spoken by the scoffers. "He saved others,
himself he cannot save."
He who strives to follow in his footsteps cannot serve himself.
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