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• The Spirit of Laws.
• Book XX.: Of Laws In Relation to Commerce, Considered In Its Nature and Distinctions.
• Chap. I.: Of Commerce.
• Chap. II.: Of the Spirit of Commerce.
• Chap. III.: Of the Poverty of the People.
• Chap. IV.: Of Commerce In Different Governments.
• Chap. V.: Of Nations That Have Entered Into an œconomical Commerce.
• Chap. VI.: Some Effects of an Extensive Navigation.
• Chap. VII.: The Spirit of England, With Respect to Commerce.
• Chap. VIII.: In What Manner the œconomical Commerce Has Been Sometimes Restrained.
• Chap. IX.: Of the Prohibition of Commerce.
• Chap. X.: An Institution Adapted to œconomical Commerce.
• Chap. XI.: The Same Subject Continued.
• Chap. XII.: Of the Freedom of Commerce.
• Chap. XIII.: What It Is That Destroys This Liberty.
• Chap. XIV.: The Laws of Commerce Concerning the Confiscation of Merchandises.
• Chap. XV.: Of Seizing the Persons of Merchants.
• Chap. XVI.: An Excellent Law.
• Chap. XVII.: A Law of Rhodes.
• Chap. XVIII.: Of the Judges of Commerce.
• Chap. XIX.: That a Prince Ought Not to Engage Himself In Commerce.
• Chap. XX.: The Same Subject Continued.
• Chap. XXI.: Of the Commerce of the Nobility In a Monarchy.
• Chap. XXII.: A Singular Reflection.
• Chap. XXIII.: To What Nations Commerce Is Prejudicial.
• Book XXI.: Of Laws Relative to Commerce, Considered In the Revolutions It Has Met With In the World.
• Chap. I.: Some General Considerations.
• Chap. II.: Of the People of Africa.
• Chap. III.: That the Wants of the People In the South Are Different From Those of the North.
• Chap. IV.: The Principal Difference Between the Commerce of the Ancients and the Moderns.
• Chap. V.: Other Differences.
• Chap. VI.: Of the Commerce of the Ancients.
• Chap. VII.: Of the Commerce of the Greeks.
• Chap. VIII.: Of Alexander. His Conquest.
• Chap. IX.: Of the Commerce of the Grecian Kings After the Death of Alexander.
• Chap. X.: Of the Circuit of Africa.
• Chap. XI.: Of Carthage and Marseilles.
• Chap. XII.: The Isle of Delos. Mithridates.
• Chap. XIII.: Of the Genius of the Romans As to Maritime Affairs.
• Chap. XIV.: Of the Genius of the Romans With Respect to Commerce.
• Chap. XV.: Of the Commerce of the Romans With the Barbarians.
• Chap. XVI.: Of the Commerce of the Romans With Arabia, and the Indies.
• Chap. XVII.: Of Commerce After the Destruction of the Western Empire.
• Chap. XVIII.: A Particular Regulation.
• Chap. XIX.: Of Commerce After the Decay of the Roman Power In the East.
• Chap. XX.: How Commerce Broke Through the Barbarism of Europe.
• Chap. XXI.: The Discovery of Two New Worlds, and In What Manner Europe Is Affected By It.
• Chap. XXII.: Of the Riches Which Spain Drew From America.
• Chap. XXIII.: A Problem.
• Book XXII.: Of Laws In Relation to the Use of Money.
• Chap. I.: The Reason of the Use of Money.
• Chap. II.: Of the Nature of Money.
• Chap. III.: Of Ideal Money.
• Chap. IV.: Of the Quantity of Gold and Silver.
• Chap. V.: The Same Subject Continued.
• Chap. VI.: The Reason Why Interest Was Lowered One Half After the Conquest of the Indies.
• Chap. VII.: How the Price of Things Is Fixed In the Variation of the Sign of Riches.
• Chap. VIII.: The Same Subject Continued.
• Chap. IX.: Of the Relative Scarcity of Gold and Silver.
• Chap. X.: Of Exchange.
• Chap. XI.: Of the Proceedings of the Romans With Respect to Money.
• Chap. XII.: The Circumstances In Which the Romans Changed the Value of Their Specie.
• Chap. XIII.: Proceedings With Respect to Money In the Time of the Emperors.
• Chap. XIV.: How the Exchange Is a Constraint On Despotic Power.
• Chap. XV.: The Practice of Some Countries In Italy
• Chap. XVI.: The Assistance a State May Derive From Bankers.
• Chap. XVII.: Of Public Debts.
• Chap. XVIII.: Of the Payment of Public Debts.
• Chap. XIX.: Of Lending Upon Interest.
• Chap. XX.: Of Maritime Usury.
• Chap. XXI.: Of Lending By Contract, and the State of Usury Amongst the Romans.
• Chap. XXII.: The Same Subject Continued.
• Book XXIII.: Of Laws In the Relation They Bear to the Number of Inhabitants.
• Chap. I.: Of Men and Animals, With Respect to Multiplication of Their Species.
• Chap. II.: Of Marriage.
• Chap. III.: Of the Condition of Children.
• Chap. IV.: Of Families.
• Chap. V.: Of the Several Orders of Lawful Wives.
• Chap. VI.: Of Bastards In Different Governments.
• Chap. VII.: Of the Father’s Consent to Marriage.
• Chap. VIII.: The Same Subject Continued.
• Chap. IX.: Of Young Women.
• Chap. X.: What It Is That Determines to Marriage.
• Chap. XI.: Of the Severity of Government.
• Chap. XII.: Of the Number of Males and Females In Different Countries.
• Chap. XIII.: Of Sea-port Towns.
• Chap. XIV.: Of the Productions of the Earth Which Require a Greater Or Less Number of Men.
• Chap. XV.: Of the Number of Inhabitants With Relation to the Arts.
• Chap. XVI.: The Concern of the Legislator In the Propagation of the Species.
• Chap. XVII.: Of Greece, and the Number of Its Inhabitants.
• Chap. XVIII.: Of the State and Number of People Before the Romans.
• Chap. XIX.: Of the Depopulation of the Globe.
• Chap. XX.: That the Romans Were Under a Necessity of Making Laws, to Encourage the Propagation of the Species.
• Chap. XXI.: Of the Laws of the Romans Relating to the Propagation of the Species.
• Chap. XXII.: Of the Exposing of Children.
• Chap. XXIII.: Of the State of the World After the Destruction of the Romans.
• Chap. XXIV.: The Changes Which Happened In Europe, With Regard to the Number of the Inhabitants.
• Chap. XXV.: The Same Subject Continued.
• Chap. XXVI.: Consequences.
• Chap. XXVII.: Of the Law Made In France to Encourage the Propagation of the Species.
• Chap. XXVIII.: By What Means We May Remedy a Depopulation.
• Chap. XXIX.: Of Hospitals.
• Book XXIV.: Of Laws As Relative to Religion, Considered In Itself, and In Its Doctrines.
• Chap. I.: Of Religion In General.
• Chap. II.: A Paradox of Mr. Bayle’s.
• Chap. III.: That a Moderate Government Is Most Agreeable to the Christian Religion, and a Despotic Government to the Mahometan.
• Chap. IV.: Consequences From the Character of the Christian Religion, and That of the Mahometan.
• Chap. V.: That the Catholic Religion Is Most Agreeable to a Monarchy, and the Protestant to a Republic.
• Chap. VI.: Another of Mr. Bayle’s Paradoxes.
• Chap. VII.: Of the Laws of Perfection In Religion.
• Chap. VIII.: Of the Connection Between the Moral Laws and Those of Religion.
• Chap. IX.: Of the Essenes.
• Chap. X.: Of the Sect of Stoics.
• Chap. XI.: Of Contemplation.
• Chap. XII.: Of Penances.
• Chap. XIII.: Of Inexpiable Crimes.
• Chap. XIV.: In What Manner Religion Has an Influence On Civil Laws.
• Chap. XV.: How False Religious Are Sometimes Corrected By the Civil Laws.
• Chap. XVI.: How the Laws of Religion Correct the Inconveniencies of a Political Constitution.
• Chap. XVII.: The Same Subject Continued.
• Chap. XVIII.: How the Laws of Religion Have the Effect of Civil Laws.
• Chap. XIX.: That It Is Not So Much the Truth Or Falsity of a Doctrine Which Renders It Useful Or Pernicious to Men In Civil Government, As the Use Or Abuse of It.
• Chap. XX.: The Same Subject Continued.
• Chap. XXI.: Of the Metempsychosis.
• Chap. XXII.: That It Is Dangerous For Religion to Inspire an Aversion For Things In Themselves Indifferent.
• Chap. XXIII.: Of Festivals.
• Chap. XXIV.: Of the Local Laws of Religion.
• Chap. XXV.: The Inconveniency of Transplanting a Religion From One Country to Another.
• Chap. XXVI.: The Same Subject Continued.
• Book XXV.: Of Laws As Relative to the Establishment of Religion and Its External Polity.
• Chap. I.: Of Religious Sentiments.
• Chap. II.: Of the Motives of Attachment to Different Religions.
• Chap. III.: Of Temples.
• Chap. IV.: Of the Ministers of Religion.
• Chap. V.: Of the Bounds Which the Laws Ought to Prescribe to the Riches of the Clergy.
• Chap. VI.: Of Monasteries.
• Chap. VII.: Of the Luxury of Superstition.
• Chap. VIII.: Of the Pontificate.
• Chap. IX.: Of Toleration In Point of Religion.
• Chap. X.: The Same Subject Continued.
• Chap. XI.: Of Changing a Religion.
• Chap. XII.: Of Penal Laws.
• Chap. XIII.: A Most Humble Remonstrance to the Inquisitors of Spain and Portugal.
• Chap. XIV.: Why the Christian Religion Is So Odious In Japan.
• Chap. XV.: Of the Propagation of Religion.
• Book XXVI.: Of Laws, As Relative to the Order of Things On Which They Determine.
• Chap. I.: Idea of This Book.
• Chap II.: Of Laws Divine and Human.
• Chap. III.: Of Civil Laws Contrary to the Law of Nature.
• Chap. IV.: The Same Subject Continued.
• Chap. V.: Cases In Which We May Judge By the Principles of the Civil Law, In Limiting the Principles of the Law of Nature.
• Chap. VI.: That the Order of Succession Or Inheritance Depends On the Principles of Political Or Civil Law, and Not On Those of the Law of Nature.
• Chap. VII.: That We Ought Not to Decide By the Precepts of Religion, What Belongs Only to the Law of Nature.
• Chap. VIII.: That We Ought Not to Regulate By the Principles of the Canon Law, Things Which Should Be Regulated By Those of the Civil Law.
• Chap. IX.: That Things Which Ought to Be Regulated By the Principles of Civil Law, Can Seldom Be Regulated By Those of Religion.
• Chap. X.: In What Case We Ought to Follow the Civil Law Which Permits, and Not the Law of Religion Which Forbids.
• Chap. XI.: That Human Courts of Justice Should Not Be Regulated By the Maxims of Those Tribunals Which Relate to the Other Life.
• Chap. XII.: The Same Subject Continued.
• Chap. XIII.: In What Cases, With Regard to Marriage, We Ought to Follow the Laws of Religion; and In What Cases We Should Follow the Civil Laws.
• Chap. XIV.: In What Instances Marriages Between Relations Should Be Regulated By the Laws of Nature; and In What Instances By the Civil Laws.
• Chap. XV.: That We Should Not Regulate By the Principles of Political Law, Those Things Which Depend On the Principles of Civil Law.
• Chap. XVI.: That We Ought Not to Decide By the Rules of the Civil Law, When It Is Proper to Decide By Those of the Political Law.
• Chap. XVII.: The Same Subject Continued.
• Chap. XVIII.: That It Is Necessary to Enquire, Whether the Laws Which Seem Contradictory, Are of the Same Class.
• Chap. XIX.: That We Should Not Decide Those Things By the Civil Law, Which Ought to Be Decided By Domestic Laws.
• Chap. XX.: That We Ought Not to Decide By the Principles of the Civil Law, Those Things Which Belong to the Law of Nations.
• Chap. XXI.: That We Should Not Decide By Political Laws, Things Which Belong to the Law of Nations.
• Chap. XXII.: The Unhappy State of the Ynca Athualpa.
• Chap. XXIII.: That When, By Some Circumstance, the Political Law Becomes Destructive to the State, We Ought to Decide By Such a Political Law As Will Preserve It, Which Sometimes Becomes a Law of Nations.
• Chap. XXIV.: That the Regulations of the Police Are of a Different Class From Other Civil Laws.
• Chap. XXV.: That We Should Not Follow the General Disposition of the Civil Law, In Things Which Ought to Be Subject to Particular Rules Drawn From Their Own Nature.
• Book XXVII.: Of the Origin and Revolutions of the Roman Laws On Successions.
• Chap. I.
• Book XXVIII. Of the Origin and Revolutions of the Civil Laws Among the French.
• Chap. I.: Different Character of the Laws of the Several People of Germany.
• Chap. II.: That the Laws of the Barbarians Were All Personal.
• Chap. III.: Capital Difference Between the Salic Laws and Those of the Visigoths and Burgundians.
• Chap. IV.: In What Manner the Roman Law Came to Be Lost In the Country Subject to the Franks, and Preserved In That Subject to the Goths and Burgundians.
• Chap. V.: The Same Subject Continued.
• Chap. VI.: How the Roman Law Kept Its Ground In the Demesne of the Lombards.
• Chap. VII.: How the Roman Law Came to Be Lost In Spain.
• Chap. VIII.: A False Capitulary.
• Chap. IX.: In What Manner the Codes of Barbarian Laws, and the Capitularies Came to Be Lost.
• Chap. X.: The Same Subject Continued.
• Chap. XI.: Other Causes of the Disuse of the Codes of Barbarian Laws, As Well As of the Roman Law, and of the Capitularies.
• Chap. XII.: Of Local Customs. Revolution of the Laws of Barbarous Nations, As Well As of the Roman Law.
• Chap. XIII.: Difference Between the Salic Law, Or That of the Salian Franks, and That of the Ripuarian Franks, and Other Barbarous Nations.
• Chap. XIV.: Another Difference.
• Chap. XV.: A Reflection.
• Chap. XVI.: Of the Ordeal, Or Trial By Boiling Water, Established By the Salic Law.
• Chap. XVII.: Particular Notions of Our Ancestors.
• Chap. XVIII.: In What Manner the Custom of Judicial Combats Gained Ground.
• Chap. XIX.: A New Reason of the Disuse of the Salic and Roman Laws, As Also of the Capitularies.
• Chap. XX.: Origin of the Point of Honour.
• Chap. XXI.: A New Reflection Upon the Point of Honour Among the Germans.
• Chap. XXII.: Of the Manners Relative to Judicial Combats.
• Chap. XXIII.: Of the Code of Laws On Judicial Combats.
• Chap. XXIV.: Rules Established In the Judicial Combat.
• Chap. XXV.: Of the Bounds Prescribed to the Custom of Judicial Combats.
• Chap. XXVI.: Of the Judiciary Combat Between One of the Parties, and One of the Witnesses.
• Chap. XXVII.: Of the Judicial Combat Between One of the Parties, and One of the Lord’s Peers. Appeal of False Judgment.
• Chap. XXVIII.: Of the Appeal of Default of Justice.
• Chap. XXIX.: Epoch of the Reign of St. Lewis.
• Chap. XXX.: Observations On Appeals.
• Chap. XXXI.: The Same Subject Continued.
• Chap. XXXII.: The Same Subject Continued.
• Chap. XXXIII.: The Same Subject Continued.
• Chap. XXXIV.: In What Manner the Proceedings At Law Became Secret.
• Chap. XXXV.: Of the Costs.
• Chap. XXXVI.: Of the Public Prosecutor.
• Chap. XXXVII.: In What Manner the Institutions of St. Lewis Fell Into Oblivion.
• Chap. XXXVIII.: The Same Subject Continued.
• Chap. XXXIX.: The Same Subject Continued.
• Chap. Xl.: In What Manner the Judiciary Forms Were Borrowed From the Decretals.
• Chap. Xli.: Fiux and Reflux of the Ecclesiastic and Temporal Jurisdiction.
• Chap. Xlii.: the Revival of the Roman Law, and the Result Thereof. Change In the Tribunals.
• Chap. Xliii.: the Same Subject Continued.
• Chap. Xliv.: of the Proof By Witnesses.
• Chap. Xlv.: of the Customs of France.
• Book XXIX.: Of the Manner of Composing Laws.
• Chap. I.: Of the Spirit of a Legislator.
• Chap. II.: The Same Subject Continued.
• Chap. III.: That the Laws Which Seem to Deviate From the Views of the Legislator, Are Frequently Agreeable to Them.
• Chap. IV.: Of the Laws Contrary to the Views of the Legislator.
• Chap. V.: The Same Subject Continued.
• Chap. VI.: That Laws Which Appear the Same, Have Not Always the Same Effect.
• Chap. VII.: The Same Subject Continued. Necessity of Composing Laws In a Proper Manner.
• Chap. VIII.: That Laws Which Appear the Same, Were Not Always Made Through the Same Motive.
• Chap. IX.: That the Greek and Roman Laws Punished Suicide, But Not Through the Same Motive.
• Chap. X.: That Laws Which Seem Contrary, Proceed Sometimes From the Same Spirit.
• Chap. XI.: How We Are to Judge of the Difference of Laws.
• Chap. XII.: That Laws Which Appear the Same, Are Sometimes Really Different.
• Chap. XIII.: That We Must Not Separate Laws From the End For Which They Were Made. of the Roman Laws On Theft.
• Chap. XIV.: That We Must Not Separate the Laws From the Circumstances In Which They Were Made.
• Chap. XV.: That Sometimes It Is Proper the Law Should Amend Itself.
• Chap. XVI.: Things to Be Observed In the Composing of Laws.
• Chap. XVII.: A Bad Method of Giving Laws.
• Chap. XVIII.: Of the Ideas of Uniformity.
• Chap. XIX.: Of Legislators.
• Book XXX.: Theory of the Feudal Laws Among the Franks, In the Relation They Bear to the Establishment of the Monarchy.
• Chap. I.: Of Feudal Laws.
• Chap. II.: Of the Source of Feudal Laws.
• Chap. III.: The Origin of Vassalage.
• Chap. IV.: The Same Subject Continued.
• Chap. V.: Of the Conquests of the Franks.
• Chap. VI.: Of the Goths, Burgundians, and Franks.
• Chap. VII.: Different Ways of Dividing the Land.
• Chap. VIII.: The Same Subject Continued.
• Chap. IX.: A Just Application of the Law of the Burgundians and of That of the Visigoths In Relation to the Division of Lands.
• Chap. X.: Of Servitudes.
• Chap. XI.: The Same Subject Continued.
• Chap. XII.: That the Lands Belonging to the Division of the Barbarians Paid No Taxes.
• Chap. XIII.: Of Taxes Paid By the Romans and Gauls, In the Monarchy of the Franks.
• Chap. XIV.: Of What They Called Census.
• Chap. XV.: That What They Called Census Was Raised Only On the Bondmen, and Not On the Freemen.
• Chap. XVI.: Of the Feudal Lords Or Vassals.
• Chap. XVII.: Of the Military Service of Freemen.
• Chap. XVIII.: Of the Double Service.
• Chap. XIX.: Of Compositions Among the Barbarous Nations.
• Chap. XX.: Of What Was Afterwards Called the Jurisdiction of the Lords.
• Chap. XXI.: Of the Territorial Jurisdiction of the Churches.
• Chap. XXII.: That the Jurisdictions Were Established Before the End of the Second Race.
• Chap. XXIII.: General Idea of the Abbé Du Bos’ S Book On the Establishment of the French Monarchy In Gaul.
• Chap. XXIV.: The Same Subject Continued. Reflection On the Main Part of the System.
• Chap. XXV.: Of the French Nobility.
• Book XXXI.: Theory of the Feudal Laws Among the Franks, In the Relation They Bear to the Revolutions of Their Monarchy.
• Chap. I.: Changes In the Offices and In the Fiefs. of the Mayors of the Palace.
• Chap. II.: How the Civil Government Was Reformed.
• Chap. III.: Authority of the Mayors of the Palace.
• Chap. IV.: Of the Genius of the Nation In Regard to the Mayors.
• Chap. V.: In What Manner the Mayors Obtained the Command of the Armies.
• Chap. VI.: Second Epocha of the Humiliation of Our Kings of the First Race.
• Chap. VII.: Of the Great Offices and Fiefs Under the Mayors of the Palace.
• Chap. VIII.: In What Manner the Allodial Estates Were Changed Into Fiefs.
• Chap. IX.: How the Church-lands Were Converted Into Fiefs.
• Chap. X.: Riches of the Clergy.
• Chap. XI.: State of Europe At the Time of Charles Martel.
• Chap. XII.: Establishment of the Tithes.
• Chap. XIII.: Of the Election of Bishops and Abbots.
• Chap. XIV.: Of the Fiefs of Charles Martel.
• Chap. XV.: The Same Subject Continued.
• Chap. XVI.: Confusion of the Royalty and Mayoralty. the Second Race.
• Chap. XVII.: A Particular Circumstance In the Election of the Kings of the Second Race.
• Chap. XVIII.: Charlemaign.
• Chap. XIX.: The Same Subject Continued.
• Chap. XX.: Lewis the Debonnaire.
• Chap. XXI.: The Same Subject Continued.
• Chap. XXII.: The Same Subject Continued.
• Chap. XXIII.: The Same Subject Continued.
• Chap. XXIV.: That the Freemen Were Rendered Capable of Holding Fiefs.
• Chap. XXV.: The Principal Cause of the Humiliation of the Second Race. Changes In the Allodia.
• Chap. XXVI.: Changes In the Fiefs.
• Chap. XXVII.: Another Change Which Happened In the Fiefs.
• Chap. XXVIII.: Changes Which Happened In the Great Offices, and In the Fiefs.
• Chap. XXIX.: Of the Nature of the Fiefs After the Reign of Charles the Bald.
• Chap. XXX.: The Same Subject Continued.
• Chap. XXXI.: In What Manner the Empire Was Transferred From the Family of Charlemaign.
• Chap. XXXII.: In What Manner the Crown of France Was Transferred to the House of Hugh Capet.
• Chap. XXXIII.: Some Consequences of the Perpetuity of Fiefs.
• Chap. XXXIV.: The Same Subject Continued.

CHAP. XXII.

The same Subject continued.

THE primitive Romans had not any laws to regulate the rate of usury.* In the contests which arose on this subject between the plebeians and the patricians, even in the † sedition on the Mons sacer, nothing was alledged, on the one hand, but justice; and on the other, but the severity of contracts.

They then only followed private agreements, which, I believe, were most commonly at twelve per cent. per annum. My reason is, that in the‡ ancient language of the Romans, interest at six per cent. was called half usury, and interest at three per cent. quarter usury. Total usury must therefore have been interest at twelve per cent.

But if it be asked, how such great interest could be established amongst a people almost without commerce? I answer, that this people, being very often obliged to go to war without pay, were under a frequent necessity of borrowing: and as they incessantly made happy expeditions, they were commonly very able to pay. This is visible from the recital of the contests which arose on this subject; they did not then disagree concerning the avarice of creditors, but said, that those who complained might have been able to pay, had they lived in a more * regular manner.

They then made laws, which had only an influence on the present situation of affairs: they ordained, for instance, that those who enrolled themselves for the war they were engaged in, should not be molested by their creditors; that those who were in prison should be set at liberty; that the most indigent should be sent into the colonies: and sometimes they opened the public treasury. The people, being eased of their present burthens, became appeased; and as they required nothing for the future, the senate were far from providing against it.

At the time when the senate maintained the cause of usury with so much constancy, the Romans were distinguished by an extreme love of frugality, poverty. and moderation: but the constitution was such, that the principal citizens alone supported all the expences of government, while the common people paid nothing. How then was it possible to deprive the former of the liberty of pursuing their debtors, and at the same time to oblige them to execute their offices, and to support the republic amidst its most pressing necessities?

Tacitus† says, that the law of the twelve tables fixed the interest at one per cent. It is evident that he was mistaken, and that he took another law, of which I am going to speak, for the law of the twelve tables. If this had been regulated in the law of the twelve tables, why did they not make use of its authority in the disputes which afterwards arose between the creditors and debtors? We find not any vestige of this law upon lending at interest; and let us have but never so little knowledge of the history of Rome, we shall see that a law like this could not be the work of the decemvirs.

The Licinian law, made* eighty-five years after that of the twelve tables, was one of those temporary regulations of which we have spoken. It ordained, that what had been paid for interest should be deducted from the principal, and the rest discharged by three equal payments.

In the year of Rome 398, the tribunes Duellius and Menenius caused a law to be passed, which reduced the interest to† one per cent. per annum. It is this law which Tacitus‡ confounds with that of the twelve tables, and this was the first ever made by the Romans to fix the rate of interest. Ten years after,§ this usury was reduced one-half;∥ and in the end entirely abolished;** and if we may believe some authors whom Livy had read, this was under the consulate of†† C. Martius Rutilius and Q. Servilius, in the year of Rome 413.

It fared with this law as with all those in which the legislator carries things to excess; an infinite number of ways were found to elude it. They enacted, therefore, many others to confirm, correct, and temper it. Sometimes they quitted‡‡ the laws to follow the common practice, at others, the common practice to follow the laws; but in this case, custom easily prevailed. When a man wanted to borrow, he found an obstacle in the very law made in his favour; this law must be evaded by the person it was made to succour, and by the person condemned. Sempronius Asellus, the prætor, having permitted the* debtors to act in conformity to the laws, was† slain by the creditors for attempting to revive the memory of a severity that could no longer be supported.

I quit the city, in order to cast an eye on the provinces.

I have somewhere else‡ observed, that the Roman provinces were exhausted by a severe and arbitrary government. But this is not all, they were also ruined by a most shocking usury.

Cicero takes notice,§ that the inhabitants of Salamis wanted to borrow a sum of money at Rome, but could not, because of the Gabinian law. We must therefore enquire into the nature of this law.

As soon as lending upon interest was forbidden at Rome, they contrived∥ all sort of means to elude the law; and as their allies,** and the Latins, were not subject to the civil laws of the Romans, they employed a Latin, or an ally, to lend his name, and personate the creditor. The law, therefore, had only subjected the creditors to a matter of form, and the public were not relieved.

The people complained of this artifice; and Marius Sempronius, tribune of the people, by the authority of the senate, caused a plebiscitum to be enacted†† to this purport, that in regard to loans, the laws prohibiting usury betwixt Roman citizens, should equally take place between a citizen and an ally, or a citizen and a Latin.

At that time they gave the name of allies to the people of Italy properly so called, which extended as far as the Arno and the Rubicon, and was not governed in the form of a Roman province.

It is an observation of Tacitus,* that new frauds were constantly committed, whenever any laws were passed for the prevention of usury. Finding themselves debarred from lending or borrowing in the name of an ally, they soon contrived to borrow of some inhabitant of the provinces.

To remedy this abuse, they were obliged to enact a new law; and Gabinius† upon the passing of that famous law, which was intended to prevent the corruption of suffrages, must naturally have reflected, that the best way to attain this end, was to discourage the lending upon interest: these were two objects naturally connected; for usury always increased at the time of elections,‡ because they stood in need of money to bribe the voters. It is plain, that the Gabinian law had extended the Senatus Consultum of Marcus Sempronius to the provinces, since the people of Salamis could not borrow money at Rome, because of that very law. Brutus, under fictitious names, lent them some money§ at four per cent. a month,∥ and obtained for that purpose two Senatus Consultums; in the former of which, it was expressly mentioned, that this loan should not be considered as an evasion of the law,** and that the governor of Sicily should determine according to the stipulations mentioned in the bond of the Salaminians.

As lending upon interest was forbidden by the Gabinian law between provincials and Roman citizens, and the latter at that time had all the money of the globe in their hands, there was a necessity for tempting them with the bait of extravagant interest, to the end that the avaricious might thus lose sight of the danger of losing their money. And as they were men of great power in Rome, who awed the magistrates, and over-ruled the laws, they were emboldened to lend, and to extort great usury. Hence the provinces were successively ravaged by every one who had any credit in Rome: and as each governor, at entering upon this province, published his edict,* wherein he fixed the rate of interest in what manner he pleased, the legislature played into the hands of avarice, and the latter served the mean purposes of the legislator.

But the public business must be carried on; and wherever a total inaction obtains, the state is undone. On some occasion the towns, the corporate bodies, and societies, as well as private people, were under a necessity of borrowing; a necessity but too urgent, were it only to repair the ravages of armies, the rapacity of magistrates, the extortions of collectors, and the corrupt practices daily introduced; for never was there at one period so much poverty and opulence. The senate, being possefled of the executive power, granted, through necessity, and oftentimes through favour, a permission of borrowing from Roman citizens, so as to enact decrees for that particular purpose. But even these decrees were discredited by the law; for they might give occasion to the people’s* insisting upon new rates of interest, which would augment the danger of losing the capital, while they made a farther extension of usury. I shall ever repeat it, that mankind are governed, not by extremes, but by principles of moderation.

He pays least, says Ulpian,† who pays latest. This decides the question, whether interest be lawful? that is, whether the creditor can sell time, and the debtor buy it.

BOOK XXIII.

OF LAWS IN THE RELATION THEY BEAR TO THE NUMBER OF INHABITANTS.

[* ]Usury and interest among the Romans signified the same thing.

[† ]See Dionysius Halicar. who has described it so well.

[‡ ]Usuræ semisses, trientes quadrantes. See the several titles of the digests and codes on usury, and especially the 17th law, with the note ff. de Usuris.

[* ]See Appius’s speech on this subject in Dionys. Halicarnass.

[† ]Annal. lib. vi.

[* ]In the year of Rome, 388. Tit. Liv. lib. vi.

[† ]Unciaria usura. Tit. Liv. lib. vii. See the Defence of the Spirit of Laws, article Usury.

[‡ ]Annal. lib. vi.

[§ ]Under the consulate of L. Manlius Torquatus and C. Plautius, according to T. Liv. lib. vii. This is the law mentioned by Tacitus, Annal. lib. vi.

[∥ ]Semiunciaria usura.

[** ]As Tacitus says, Annal. lib. vi.

[†† ]This law was passed at the instance of M. Genucius, tribune of the people. Tit. Liv. lib. vii. towards the end.

[‡‡ ]Veteri jam more foenus receptum erat. Appian, on the Civil War, lib. i.

[* ]Permisit eos legibus agere. Appian, on the Civil War, lib. i. and the epitome of Livy, lib. lxiv.

[† ]In the year of Rome, 663.

[‡ ]Book xi. c. 19.

[§ ]Letters to Atticus, lib. v. ep. 21.

[∥ ]Livy.

[** ]Ibid.

[†† ]In the year 561 of Rome. See Livy.

[* ]Annal. lib. vi.

[† ]In the year 615 of Rome.

[‡ ]See Cicero to Atticus, lib. iv. ep. 15 and 16.

[§ ]Ibid. lib. vi. ep. 10.

[∥ ]Pompey having lent 600 talents to king Ariobarzanes, made that prince pay him thirty-three Attic talents every thirty days. Cic. ad Att. lib. iii. ep. 21. lib. vi. ep. 11.

[** ]Ut neque Salaminiis, neque cui eis dedisset, fraudi esset. Ibid.

[* ]Cicero’s edict fixed it to one per cent. a month, with interest upon interest, at the expiration of the year. With regard to the farmers of the republic, he engaged them to grant a respite to their debtors: if the latter did not pay at the time fixed, he awarded the interest mentioned in the bond. Cic. ad Att. lib. vi. ep. 1.

[* ]See what Lucretius says in the 21st letter to Atticus, lib. 5. There was even a general Senatus Consultum, to fix the rate of interest at one per cent. a month. See the same letter.

[† ]Leg xii. ff. de verb. signif.