THE practice of Money-lending is now carried out on such an enormous scale, and by such a large class of society, and is attended by certain evils so widespread and disastrous, that it has become fairly necessary to look the problem in the face ; and whatever may be the conclusions arrived at, I shall consider the purpose of this paper fulfilled if it causes the reader (and myself) to confront the question and to see that it requires solution.

There .has always been a disagreeable odor about this trade. The very word Usury has unpleasant associations with it. How is it then that we who reprobate the money-lending Jew of medieval Europe and the marwari whose loans press so heavily to-day upon the peasant of India, are light-hearted enough to lend our money out at interest without a qualm, and (some of us) to make our entire subsistence on the gains so got from other people ?

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