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defence of usury-第14部分

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