defence of usury-及14何蛍
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!!!!隆堋響頼��紗秘慕禰厮宴和肝写偬堋響��
ng even public interest out of the question�察�and considering nothing but the feelings of the individuals immediately concerned�察�a legislator would scarcely do so�察�who knew the value of hope�察 �the most precious gift of heaven。; Consider�察�Sir�察�that it is not with the invention´lottery ��that great branch of the project´lottery�察�for the sake of which I am defending the whole�察�and must continue so to do until you or somebody else can shew me how to defend it on better terms���察�it is not I say with the invention´lottery�察�as with the mine´lottery�察�the privateering´lottery�察�and so many other lotteries�察�which you speak of�察�and in no。 instance�察�I think�察�very much to their advantage。 In these lines�察�success does not�察�as in this�察�arise out of the embers of ill success�察�and thence propagate itself�察�by a happy contagion�察�perhaps to all eternity。 let Titius have found a mine�察�it is not the more easy�察�but by so much the less easy�察�for Sempronius to find one too�此�let Titius have made a capture�察�it is not the more easy�察�but by so much the less easy�察�for Sempronius to do the like。 But let Titius have found out a new dye�察�more brilliant or more durable than those in use�察�let him have invented a new and more convenient machine�察�or a new and more profitable mode of husbandry�察�a thousand dyers�察�ten thousand mechanics�察�a hundred thousand husbandmen�察�may repeat and multiply his success�此�and then�察�what is it to the public�察�though the fortune of Titius�察�or of his usurer。 should have sunk under the experiment�拭 �Birmingham and Sheffield are pitched upon by you as examples�察�the one of a projecting town�察�the other of an unprojecting one。��31*�� Can you forgive my saying�察�I rather wonder that this comparison of your own chosing�察�did not suggest some suspicions of the justice of the conceptions you had taken up�察�to the disadvantage of projectors。 Sheffield is an old oak�此�Birmingham�察�but a mushroom。 What if we should find the mushroom still vaster and more vigorous than the oak�拭�Not but the one as well as the other�察�at what time soever planted�察�must equally have been planted by projectors�此�for though Tubal Cain himself were to be brought post from Armenia to plant Sheffield�察�Tubal Cain himself was as arrant a projector in his day�察�as ever Sir Thomas Lombe was�察�or Bishop Blaise�此�but Birmingham�察�it seems�察�claims in common parlance the title of a projecting town�察�to the exclusion of the other�察�because�察�being but of yesterday�察�the spirit of project smells fresher and stronger there than elsewhere。 When the odious sound of the word projector no longer tingles in your ears�察�the race of men thus stigmatized do not always find you their enemy。 Projects�察�even under the name of ;dangerous and expensive experiments�察─�are represented as not unfit to be encouraged�察�even though monopoly be the means�此�and the monopoly is defended in that instance�察�by its similarity to other instances in which the like means are employed to the like purpose。 ;When a company of merchants undertake at their own risk and expence to establish a new trade�察�with some remote and barbarous nation�察�it may not be unreasonable; ��you observe�� ;to incorporate them into a joint´stock company�察�and to grant them�察�in case of their success�察�a monopoly of the trade for a certain number of years。 It is the easiest and most natural way�察�in which the state can recompense them�察�for hazarding a dangerous and expensive experiment�察�of which the public is afterwards to reap the benefit。 A temporary monopoly of this kind may be vindicated�察�upon the same principles�察�upon which a like monopoly of a new machine is granted to its inventor�察�and that of a new book to its author。; Private respect must not stop me from embracing this occasion of giving a warning�察�which is so much needed by mankind。 If so original and independent a spirit has not been always able to save itself from being drawn aside by the fascination of sounds�察�into the paths of vulgar prejudice�察�how strict a watch ought not men of common mould to set over their judgments�察�to save themselves from being led astray by similar delusions�拭 �I have sometimes been tempted to think�察�that were it in the power of laws to put words under proscription�察�as it is to put men�察�the cause of inventive industry might perhaps derive scarcely less assistance from a bill of attainder against the words project and Projectors�察�than it has derived from the act authorizing the grant of patents。 I should add�察�however�察�for a time�此�for even then the envy�察�and vanity�察�and wounded pride�察�of the uningenious herd�察�would sooner or later infuse their venom into some other word�察�and set it up as a new tyrant�察�to hover�察�like its predecessor�察�over the birth of infant genius�察�and crush it in its cradle。 Will not you accuse me of pushing malice beyond all bounds�察�if I bring down against you so numerous and respectable a body of men�察�as the members of the Society for the Encouragement of Arts�拭�I do not�察�must not�察�care�此�for you command too much respect to have any claim to mercy。 At least you will not accuse me of spiriting up against you barbarian enemies�察�and devoting you to the vengeance of Cherokees and Chicasaws。 Of that popular institution�察�the very professed and capital object is the encouragement of projects�察�and the propagating of that obnoxious breed�察�the crushing of which you commend as a fit exercise for the arm of power。 But if it be right to crush the acting malefactors�察�it would be downright inconsistency not to crush�察�at the same time�察�or rather not to begin with crushing�察�these their hirers and abettors。 Thank then their inadvertence�察�or their generosity�察�or their prudence�察�if their beadle has not yet received orders to burn in ceremony�察�as a libel on the society�察�a book that does honour to the age。 After having had the boldness to accuse so great a master of having fallen unawares into an error�察�may I take the still farther liberty�察�of setting conjecture to work to account for it�拭�Scarce any man�察�perhaps no man�察�can push the work of creation�察�in any line�察�to such a pitch of compleatness�察�as to have gone through the task of examining with his own eyes into the grounds of every position�察�without exception�察�which he has had occasion to employ。 You heard the public voice�察�strengthened by that of law�察�proclaiming all round you�察�that usury was a sad thing�察�and usurers a wicked and pernicious set of men�此�you heard from one at least of those quarters�察�that projectors were either a foolish and contemptible race�察�or a knavish and destructive one�此�hurried away by the throng�察�and taking very naturally for granted�察�that what every body said must have some ground for it�察�you have joined the cry�察�and added your suffrage to the rest。 Possibly too�察�among the crowd of projectors which the lottery of occurrences happened to present to your observation�察�the prejudicial sort may have borne such a proportion to the beneficial�察�or shewn themselves in so much stronger colours�察�as to have given the popular notion a firmer hold in your judgment�察�than it would have had�察�had the contrary proportion happened to present itself to your notice。 To allow no more weight to examples that fall close under our eyes�察�than to those which have fallen at ever so great a distance to suffer the judgment on no occasion to indulge itself in the licence of a too hasty and extensive generalisation not to give any proposition footing there�察�rill after all such defalcations have been made�察�as are necessary to reduce it within the limits of rigid truth these are laws�察�the compleat observance whereof forms the ultimate�察�and hitherto�察�perhaps for ever�察�ideal term of human wisdom。 You have defended against unmerited obloquy two classes of men�察�the one innocent at least�察�the other highly useful�察�the spreaders of English arts in foreign climes�撮�32*�� and those whose industry exerts itself in distributing that necessary commodity which is called by the way of eminence the staff of life。 May I flatter myself with having succeeded at last in my endeavours�察�to recommend to the same powerful protection�察�two other highly useful and equally persecuted sets of men�察�usurers and projectors。 Yes I will�察�for the moment at least�察�indulge so flattering an idea�此�and�察�in pursuance of it�察�leaving usurers�察�for whom I have said enough already�察�I will consider myself as joined now with you in the same commission�察�and thinking with you of the best means of relieving the projector from the load of discouragement laid on him by these laws�察�in so far as the pressure of them falls particularly upon him。 In my own view of the matter�察�indeed�察�no temperament�察�no middle course�察�is either necessary or proper�此�the only perfectly effectual�察�is the only perfectly proper remedy�察 �a spunge。 But�察�as nothing is more common with mankind�察�than to give opposite receptions�察�to conclusions flowing with equal necessity from the same principle�察�let us accommodate our views to that contingency。 According to this idea�察�the object�察�as far as confined to the present case�察�should be�察�to provide�察�in favour of projectors only�察�a dispensation from the rigour of the anti´usurious laws�此�such�察�for instance�察�as is enjoyed by persons engaged in the carrying trade�察�in virtue of the indulgence given to loans made on the footing of respondentia or bottomry。 As to abuse�察�I see not why the danger of it should be greater in this case than in those。 Whether a sum of money be embarked�察�or not embarked�察�in such or such a new manufacture on land�察�should not�察�in its own nature�察�be a fact much more difficult to ascertain�察�than whether it be embarked�察�or not embarked�察�in such or such a trading adventure by sea�此�and�察�in the one case as in the other�察�the payment of the interest�察�as well as the repayment of the principal�察�might be made to depend upon the success of the adventure。 To confine the indulgence to new undertakings�察�the having obtained a patent for some invention�察�and the continuance of the term of the patent�察�might be made conditions of the allowance given to the bargain�此�to this might be added affidavits�察�expressive of the intended application�察�and bonds�察�with sureties�察�conditioned for the performance of the intention so declared�察�to be registered in one of the patent´offices or elsewhere。 After this�察�affidavits once a year�察�or oftener�察�during the subsistence of the contract