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

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: ⟨p. 68⟩Thou sellest […] for 11. pounds to be paid at the end of six months, which Thou wouldest have sold for 10 lb. in present money. This men may call what they will, but it is Usury, after the rate of twenty in the hundred.

But when a man selleth His ware, for more then the just price, onely because Hee giveth time to the Buyer, Hee doth indeed sell time, which is not His to sell: and so under the contract of selling, Hee committeth Vsury: For when the Seller is content to grant time to the Buyer for the paiment 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 loane: And upon such forbearing the Buyer becomes a Debtor, and the Seller a Creditor. For example: