Usury : $b a scriptural, ethical and economic viewElliott, Calvin
Religion
Usury : $b a scriptural, ethical and economic view
Elliott, Calvin
Usury
This bank is a great corporation; the Board of Directors is composed
of twenty-six members, who elect their own successors, and thus it is
entirely independent. It makes laws for its own direction in the name
of the people or defies their control. In 1797 it secured an order
from the privy council ordering itself to suspend specie payment. It
obeyed its own order promptly, and at the same time announced their
strength and that the order would be temporary; but for one excuse and
another it was continued for twenty-five years.
Sir Robert Peel, in 1844, having become convinced of the dangerous and
disastrous influence, expanding and contracting its loans, secured the
enactment of a law to regulate and limit its circulation. This law
was distasteful to the bank, and was, upon its enactment, defied by
open disobedience. It has not only dictated the laws for its own
regulation, but directed both the domestic and the foreign policy of
the government. It has subordinated the public weal to financial
profit. This corporation of usurers manage all the finances of the
kingdom, and has more influence than Crown and Parliament combined. As
a great uncrowned king it dictates the diplomatic policies of the
United Kingdom. Its influence has not been extended to promote
Protestant Christian faith, Jews are not zealous for any Christian
sect; nor for the purpose of lifting up the degraded and enlightening
them; nor in the east has it exercised its power to relieve human
suffering, but its diplomatic policy has been mercenary greed always.
It should be noted that the enlightened Christian people of the United
Kingdom are not the English government. There has been, for two
hundred years, a power behind the Throne, behind Parliament, behind
the people, essentially selfish and commercial. This has controlled
India for profit, while the benevolent people were anxious to
christianize and uplift. It has befriended the Turk while England wept
over the Turkish barbarities. It forced opium upon China while the
Christian people sent missionaries. The people of England love
freedom, yet the government has endeavored to crush it in the American
colonies and everywhere throughout the world, when in conflict with a
selfish commercial policy. The English people cry out against human
slavery, yet in the struggle in the United States, when slavery was in
the balance, the English government earnestly espoused the cause of
those who upheld slavery. The English people rejoiced that the slave
trade in Africa was abolished, yet the government enacted the hut tax,
and compels now the service of the young and vigorous blacks in the
mines, sending them back to their people when their strength declines.
Public-domain text, read in full here on John Shaqi.
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