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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