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Page 243 of 2651

Author: Adam Smith

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and the succeeding crop is mortgaged for the payment. As the
profits which can afford such an interest must eat up almost the
whole rent of the landlord, so such enormous usury must in its
turn eat up the greater part of those profits. Before the fall of
the Roman republic, a usury of the same kind seems to have been
common in the provinces, under the ruinous administration of
their proconsuls. The virtuous Brutus lent money in Cyprus at
eight-and-forty per cent. as we learn from the letters of Cicero.

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