"I do not see, sir," I remarked, as we moved on from the last of these pauses, "why the governors and the legislators, and writers on this subject of anti-rentism, talk so much of feudality, and chickens, and days' works, and durable leases, when we have none of these, while we have all the disaffection they are said to produce."
"You will understand that better as you come to know more of men. No party alludes to its weak points. It is just as you say; but the proceedings of your tenants, for instance, give the lie to the theories of the philanthropists, and must be kept in the background. It is true that the disaffection has not yet extended to one-half, or to one-fourth of the leased estates in the country, perhaps not to one-tenth, if you take the number of the landlords as the standard, instead of the extent of their possessions, but it certainly will, should the authorities tamper with the rebels much longer."
"If they tax the incomes of the landlords under the durable rent system, why would not the parties aggrieved have the same right to take up arms to resist such an act of oppression as our fathers had in 1776?"
"Their cause would be better; for that was only a constructive right, and one dependent on general principles, whereas this is an attempt at a most mean evasion of a written law, the meanness of the attempt being quite as culpable as its fraud. Every human being knows that such a tax, so far as it has any object beyond that of an election-sop, is to choke off the landlords from the maintenance of their covenants, which is a thing that no State can do directly, without running the risk of having its law pronounced unconstitutional by the courts of the United States, if, indeed, not by its own courts."
"The Court of Errors, think you?"
"The Court of Errors is doomed, by its own abuses. Catiline never abused the patience of Rome more than that mongrel assembly has abused the patience of every sound lawyer in the State. 'Fiat justitia, ruat cœlum,' is interpreted, now, into 'Let justice be done, and the court fall.' No one wishes to see it continued, and the approaching convention will send it to the Capulets, if it do nothing else to be commended. It was a pitiful imitation of the House of Lords system, with this striking difference; the English lords are men of education, and men with a vast deal at stake, and their knowledge and interests teach them to leave the settlement of appeals to the legal men of their body, of whom there are always a respectable number, in addition to those in possession of the woolsack and the bench; whereas our Senate is a court composed of small lawyers, country doctors, merchants, farmers, with occasionally a man of really liberal attainments. Under the direction of an acute and honest judge, as most of our true judges actually are, the Court of Errors would hardly form such a jury as would allow a creditable person to be tried by his peers, in a case affecting character, for instance, and here we have it set up as a court of the last resort, to settle points of law!"
"I see it has just made a decision in a libel suit, at which the profession sneers."
"It has, indeed. Now look at that very decision, for instance, as the measure of its knowledge. An editor of a newspaper holds up a literary man to the world as one anxious to obtain a small sum of money, in order to put it into Wall Street, for 'shaving purposes.' Now, the only material question raised was the true signification of the word 'shaving.' If to say a man is a 'shaver,' in the sense in which it is applied to the use of money, be bringing him into discredit, then was the plaintiff's declaration sufficient; if not, it was insufficient, being wanting in what is called an 'innuendo.' The dictionaries, and men in general, understand by 'shaving,' 'extortion,' and nothing else. To call a man a 'shaver' is to say he is an 'extortioner,' without going into details. But, in Wall Street, and among money-dealers, certain transactions that, in their eyes, and by the courts, are not deemed discreditable, have of late been brought within the category of 'shaving.' Thus it is technically, or by convention among bankers, termed 'shaving' if a man buy a note at less than its face, which is a legal transaction. On the strength of this last circumstance, as is set forth in the published opinions, the highest Court of Appeals in New York has decided that it does not bring a man into discredit to say he is a 'shaver!'—thus making a conventional signification of the brokers of Wall Street higher authority for the use of the English tongue than the standard lexicographers, and all the rest of those who use the language! On the same principle, if a set of pickpockets at the Five Points, should choose to mystify their trade a little by including in the term 'to filch' the literal borrowing of a pocket-handkerchief, it would not be a libel to accuse a citizen of 'filching his neighbor's handkerchief!'"
"But the libel was uttered to the world, and not to the brokers of Wall Street only, who might possibly understand their own terms."