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Usurers Of The Seventeenth Century
by
The genius of Audley had crept out of the purlieus of Guildhall, and entered the Temple; and having often sauntered at “Powles” down the great promenade which was reserved for “Duke Humphrey and his guests,”[6] he would turn into that part called “The Usurer’s Alley,” to talk with “Thirty in the hundred,” and at length was enabled to purchase his office at that remarkable institution, the court of wards. The entire fortunes of those whom we now call wards in chancery were in the hands, and often submitted to the arts or the tyranny of the officers of this court.
When Audley was asked the value of this new office, he replied, that “It might be worth some thousands of pounds to him who after his death would instantly go to heaven; twice as much to him who would go to purgatory: and nobody knows what to him who would adventure to go to hell.” Such was the pious casuistry of a witty usurer. Whether he undertook this last adventure, for the four hundred thousand pounds he left behind him, how can a sceptical biographer decide? Audley seems ever to have been weak when temptation was strong.
Some saving qualities, however, were mixed with the vicious ones he liked best. Another passion divided dominion with the sovereign one: Audley’s strongest impressions of character were cast in the old law-library of his youth, and the pride of legal reputation was not inferior in strength to the rage for money. If in the “court of wards” he pounced on incumbrances which lay on estates, and prowled about to discover the craving wants of their owners, it appears that he also received liberal fees from the relatives of young heirs, to protect them from the rapacity of some great persons, but who could not certainly exceed Audley in subtilty. He was an admirable lawyer, for he was not satisfied with hearing, but examining his clients; which he called “pinching the cause where he perceived it was foundered.” He made two observations on clients and lawyers, which have not lost their poignancy. “Many clients in telling their case, rather plead than relate it, so that the advocate heareth not the true state of it, till opened by the adverse party. Some lawyers seem to keep an assurance-office in their chambers, and will warrant any cause brought unto them, knowing that if they fail, they lose nothing but what was lost long since–their credit.”
The career of Audley’s ambition closed with the extinction of the “court of wards,” by which he incurred the loss of above L100,000. On that occasion he observed that “His ordinary losses were as the shavings of his beard, which only grew the faster by them; but the loss of this place was like the cutting off of a member, which was irrecoverable.” The hoary usurer pined at the decline of his genius, discoursed on the vanity of the world, and hinted at retreat. A facetious friend told him a story of an old rat, who having acquainted the young rats that he would at length retire to his hole, desiring none to come near him; their curiosity, after some days, led them to venture to look into the hole; and there they discovered the old rat sitting in the midst of a rich Parmesan cheese. The loss of the last L100,000 may have disturbed his digestion, for he did not long survive his court of wards.
Such was this man, converting wisdom into cunning, invention into trickery, and wit into cynicism. Engaged in no honourable cause, he however showed a mind resolved; making plain the crooked and involved path he trod. Sustine et abstine, to bear and forbear, was the great principle of Epictetus, and our moneyed Stoic bore all the contempt and hatred of the living smilingly, while he forbore all the consolations of our common nature to obtain his end. He died in unblest celibacy,–and thus he received the curses of the living for his rapine, while the stranger who grasped the million he had raked together owed him no gratitude at his death.