Each carries his requisitions to the farthest possible point; and the most favorable circumstance for these requisitions is the absence of rivalship.

Hence it follows, that if there is a class of men more interested than any other, in the formation, multiplication, and abundance of capitals, it is mainly that of the borrowers.

Now, since capitals can only be formed and increased by the stimulus and the prospect of remuneration, let this class understand the injury they are inflicting on themselves, when they deny the lawfulness of interest, when they proclaim that credit should be gratuitous, when they declaim against the pretended tyranny of capital, when they discourage saving, thus forcing capitals to become scarce, and consequently interests to rise.
3rd.

The anecdote I have just related enables you to explain this apparently singular phenomenon, which is termed the duration or perpetuity of interest.

Since, in lending his plane, James has been able, very lawfully, to make it a condition, that it should be returned to him, at the end of a year, in the same state in which it was when he lent it, is it not evident that he may, at the expiration of the term, lend it again on the same conditions.