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It was impossible for any one acquainted with the transaction to discover the slightest trace in it of oppression or injustice. The singular part of it is, that, at the end of the year, the plane came into James' possession, and he lent it again; recovered it, and lent it a third and fourth time. It has passed into the hands of his son, who still lends it. Poor plane! how many times has it changed, sometimes its blade, sometimes its handle. It is no longer the same plane, but it has always the same value, at least for James' posterity. Workmen! let us examine into these little stories. I maintain, first of all, that the _sack of corn_ and the _plane_ are here the type, the model, a faithful representation, the symbol, of all capital; as the five litres of corn and the plank are the type, the model, the representation, the symbol, of all interest. This granted, the following are, it seems to me, a series of consequences, the justice of which it is impossible to dispute. 1st. If the yielding of a plank by the borrower to the lender is a natural, equitable, lawful remuneration, the just price of a real service, we may conclude that, as a general rule, it is in the nature of capital to produce interest. When this capital, as in the foregoing examples, takes the form of an _instrument of labor_, it is clear enough that it ought to bring an advantage to its possessor, to him who has devoted to it his time, his brains, and his strength. Otherwise, why should he have made it? No necessity of life can be immediately satisfied with instruments of labor; no one eats planes or drinks saws, except, indeed, he be a conjurer. If a man determines to spend his time in the production of such things, he must have been led to it by the consideration of the power which these instruments add to his power; of the time which they save him; of the perfection and rapidity which they give to his labor; in a word, of the advantages which they procure for him. Now, these advantages, which have been prepared by labor, by the sacrifice of time which might have been used in a more immediate manner, are we bound, as soon as they are ready to be enjoyed, to confer them gratuitously upon another? Would it be an advance in social order, if the law decided thus, and citizens should pay officials for causing such a law to be executed by force? I venture to say, that there is not one amongst you who would support it. It would be to legalize, to organ
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