USURY IN OLD DAYS

Our Pilgrims were few and poor. The whole outfit of this

historic voyage, including £1,700 of trading stock, was only

£2,400, and how little was required for their succor appears

in the experience of the soldier, Captain Miles Standish,

who, being sent to England for assistance--not military, but

financial--(God save the mark!)--succeeded in borrowing--how

much do you suppose?--£150 sterling. Something in the way of

help; and the historian adds, “tho at fifty per cent interest.”

So much for a valiant soldier on a financial expedition. A later

agent, Allerton, was able to borrow for the colony £200 at a

reduced interest of thirty per cent. Plainly, the money-sharks

of our day may trace an undoubted pedigree to these London

merchants.--CHARLES SUMNER.

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