A16337:229
A short and private discourse between Mr. Bolton and one M.S. concerning usury. PublishedA short and priuate discourse betweene Mr. Bolton and one M.S. concerning vsury. Published
A short and private discourse between Mr. Bolton and one M.S. concerning usury. Published by E.B. by Mr. Bolton's own copyA short and priuate discourse betweene Mr. Bolton and one M.S. concerning vsury. Published by E.B. by Mr. Boltons owne coppy
London: printed by George Miller, 1637
Modern spelling is a reading aid: the words are the author’s, only the spelling is modernized. Original shows the page as printed, with the transcription marks.
2. If the Thing which He selleth, hath a fruitful use, and yet notwithstanding, that use shall be in all likely-hood of no less price at the day of payment, then it was, at the day of the sale, He may take so much the more, as the fruitful use of the Thing, is in the mean time clearly worth, the estimation of the hazard, and charge, being deducted.
2. If the Thing which Hee selleth, hath a fruitfull use, and yet notwithstanding, that use shall bee in all likely-hood of no lesse price at the day of paiment, then it was, at the day of the sale, Hee may take so much the more, as the fruitfull use of the Thing, is in the meane time clearely worth, the estimation of the hazard, and charge, being deducted.
For the time, which Himself granteth to the Buyer] I add this; because if the Buyer detaining the price longer, then the appointed time, shall be an effectual cause of loss, or hinderance, to the Seller, He is to allow Him Interest, properly so called: And the Seller may with good conscience exact it of Him, especially, if not through want, but through negligence, and unfaithfulness, He useth delay.
For the time, which Himselfe granteth to the Buyer] I add this; because if the Buyer detaining the price longer, then the appointed time, shall bee an effectuall cause of losse, or hinderance, to the Seller, Hee is to allow Him Interest, properly so called: And the Seller may with good conscience exact it of Him, especially, if not through want, but through negligence, and unfaithfullnesse, Hee useth delay.
But when a man selleth His ware, for more then the just price, only because He giveth time to the Buyer, He doth indeed sell time, which is not His to sell: and so under the contract of selling, He committeth Usury: For when the Seller is content to grant time to the Buyer for the payment of the price agreed upon, it is all One, as if He lent that money, for such a time: For the voluntary forbearing of money due to Him for His ware, is all one with loan: And upon such forbearing the Buyer becomes a Debtor, and the Seller a Creditor. For example: