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A Treatise on Usury and Usury Laws

Author: John Augustus Bolles
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 84

Book Description

A Treatise on Usury and Usury Laws

Author: John Augustus Bolles
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 84

Book Description

A Treatise on Usury and Usury Laws

Author: John Augustus Bolles
Publisher: Theclassics.Us
ISBN: 9781230421964
Category :
Languages : en
Pages : 34

Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1837 edition. Excerpt: ... unchanged, ) limit the rate of interest to six per cent. per annum. They provide that if, in any action on a contract for the payment of money it shall appear upon special plea, that illegal interest has been, directly or indirectly, reserved or taken, the Plaintiff shall forfeit three times the whole amount of interest so reserved or taken, and full costs of suit, and shall have judgment for the balance only, after making these deductions. So also the borrower upon usury may bring his suit against the lender, in law or chancery, * and recover back threefold the amount of interest by him paid, and in these cases both parties to the suit may be sworn as witnesses.t SUMMARY. This general historical sketch establishes several important facts: -- 1. Usury laws have almost always existed, and legislators have, in all ages, manifested a strong desire to meddle with the contract of borrowing and lending. 2. The laws have always been disobeyed and evaded, -- from which it is evident that they have been regarded as oppressive, by both lenders and borrowers. 3. They have always increased the ratio of interest; -- and this they have done -- First. By increasing the risks of the loan. Second. By driving timid and scrupulous lenders, and their capital out of the market; -- thus reducing the number of lenders and the supply of money capital. Third. By rendering the business infamous, and thus inducing lenders to indemnify themselves by exorbitant profits, for the loss of their reputations. * In England the Courts of Chancery do not enforce the usury laws; but the borrower is merely absolved from paying more than lawful interest. (Exparte Scrivener, 3. Ves. and Bea. 19.) It is, therefore, manifest that they regard these laws as inequitable. t If any

A Treatise on the Law of Usury

Author: Sir Robert Buckley Comyn
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 144

Book Description

A Treatise Upon the Law of Usury and Annuities

Author: Francis Plowden
Publisher:
ISBN:
Category : Annuities
Languages : en
Pages : 600

Book Description

On Trade and Usury

Author: Martin Luther
Publisher:
ISBN:
Category : Christian ethics
Languages : en
Pages : 92

Book Description

A Treatise on the Alteration of Money

Author: Juan de Mariana
Publisher: Christian's Library Press
ISBN: 1880595885
Category : Law
Languages : en
Pages : 138

Book Description
In this treatise we find an insightful analysis concerning how monetary debasement and inflation increase prices, which proceeds to illustrate how such increases do not affect everyone equally-in effect, causing a revolution in fortunes. In a parallel argument, Mariana explains how government, if given control of other forms of private property, would also debase the values of those forms and use them according to its own interests.