Note (IX.)—Page [22], line 27.
HOW THE USURY LAWS HAD ACCELERATED THE SUBDIVISION OF THE SOIL.
A law prohibiting usury at whatever rate of interest was still in force at the end of the eighteenth century. We learn from Turgot that even so late as 1769 it was still observed in many places. The law subsists, says he, though it is often violated. The consular judges allow interest stipulated without alienation of the capital, while the ordinary tribunals condemn it. We may still see fraudulent debtors bring criminal actions against their creditors for lending them money without alienation of the capital.
Independently of the effects which this legislation could not fail to produce upon commerce, and upon the industrial habits of the nation generally, it likewise had a very marked influence on the division and tenure of the land. It had multiplied, ad infinitum, perpetual rent-charges, both on real and other property. It had led the ancient owners of the soil instead of borrowing when they wanted money to sell small portions of their estates for payments partly in capital and partly in perpetual annuities; this had contributed greatly on the one hand to the subdivision of the soil, and on the other to burdening the small proprietors with a multitude of perpetual services.
Note (X.)—Page [25], line 9.
EXAMPLE OF THE PASSIONS EXCITED BY THE TITHES TEN YEARS BEFORE THE REVOLUTION.
In 1779 an obscure lawyer of Lucé complained in very bitter language, which already had a flavour of the revolution, that the curés and other great titheholders sold to the farmers, at an exorbitant price, the straw they had received in tithe, which was indispensable to the latter for making manure.