XXII.20 On maritime usury

, par Stewart

The high rates of maritime usuries are based on two things : the peril of the sea, which makes a person risk lending his money only in order to acquire much more, and the facility which commerce offers the borrower to close large and numerous deals in short order ; whereas real estate usuries, being based on neither of these two reasons, are either forbidden by legislators or reduced to fair limits, which makes more sense.