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There is, however, amongst civilized nations a mode of piracy still tolerated, or which was tolerated in the last war, but is now ripe for extinction. It is that war of private men upon private men, which goes on under the name of privateering. Great changes have taken place in our modes of thinking within the last twenty-five years; and the greatest change of all lies in the thoughtful spirit which we now bring to the investigation of all public questions. We have no doubt at all that, when next a war arises at sea, the whole system of privateering will be condemned by the public voice. And the next step after that will be, to explode all war whatsoever, public or private, upon commerce. War will be conducted by belligerents and upon belligerents exclusively. To imagine the extinction of war itself, in the present stage of human advance, is, we fear, idle. Higher modes of civilization–an earth more universally colonized–the homo sapiens of Linnaeus more humanized, and other improvements must pave the way for that: but amongst the earliest of those improvements, will be the abolition of war carried into quarters where the spirit of war never ought to penetrate. Privateering will be abolished. War, on a national scale, is often ennobling, and one great instrument of pioneering for civilization; but war of private citizen upon his fellow, in another land, is always demoralizing.

III. Usury.–This ancient subject of casuistry we place next to piracy, for a significant reason: the two practices have both changed their public reputation as civilization has advanced, but inversely–they have interchanged characters. Piracy, beginning in honor, has ended in infamy: and at this moment it happens to be the sole offence against society in which all the accomplices, without pity or intercession, let them be ever so numerous, are punished capitally. Elsewhere, we decimate, or even centesimate: here, we are all children of Rhadamanthus. Usury, on the other hand, beginning in utter infamy, has travelled upwards into considerable esteem; and Mr. ’10 per shent‘ stands a very fair chance of being pricked for sheriff next year; and, in one generation more, of passing for a great patriot. Charles Lamb complained that, by gradual changes, not on his part, but in the spirit of refinement, he found himself growing insensibly into ‘an indecent character.’ The same changes which carry some downwards, carry others up; and Shylock himself will soon be viewed as an eminent martyr or confessor for the truth as it is in the Alley. Seriously, however, there is nothing more remarkable in the history of casuistical ethics, than the utter revolution in human estimates of usury. In this one point the Hebrew legislator agreed with the Roman–Deuteronomy with the Twelve Tables. Cicero mentions that the elder Cato being questioned on various actions, and how he ranked them in his esteem, was at length asked, Quid f�“nerari?–how did he rank usury? His indignant answer was, by a retorted question–Quid hominem occidere?–what do I think of murder? In this particular case, as in some others, we must allow that our worthy ancestors and forerunners upon this terraqueous planet were enormous blockheads. And their ‘exquisite reason’ for this opinion on usury, was quite worthy of Sir Andrew Aguecheek:–‘money,’ they argued, ‘could not breed money: one guinea was neither father nor mother to another guinea: and where could be the justice of making a man pay for the use of a thing which that thing could never produce?’ But, venerable blockheads, that argument applies to the case of him who locks up his borrowed guinea. Suppose him not to lock it up, but to buy a hen, and the hen to lay a dozen eggs; one of those eggs will be so much per cent.; and the thing borrowed has then produced its own foenus. A still greater inconsistency was this: Our ancestors would have rejoined–that many people did not borrow in order to produce, i. e. to use the money as capital, but in order to spend, i. e. to use it as income. In that case, at least, the borrowers must derive the foenus from some other fund than the thing borrowed: for, by the supposition, the thing borrowed has been spent. True; but on the same principle these ancestors ought to have forbidden every man to sell any article whatsoever to him who paid for it out of other funds than those produced by the article sold. Mere logical consistency required this: it happens, indeed, to be impossible: but that only argues their entire non-comprehension of their own doctrines.