method of dealing with the usurer's trade. The business shifted from the
control of citizens to that of aliens; from the hands of those who were
aliens merely in a narrow, national sense, to the hands of those who are
alien to our common humanity. Such lawless, tricky, extortionate loan
sharks as now infest our cities were probably not to be found at all in
mediæval or early modern times. They are a product of a secular process of
selection. Their ability to evade the laws directed against them is
consummate. It is true that from time to time we do succeed in catching
one and fining him, or even imprisoning him. For which risk the small
borrower is forced to pay, at a usurer's rate.

Social improvement through the excommunication of property interests is
inevitably a disorderly process. Wherever it is in operation we are sure
to find the successive stages indicated in the foregoing examples. First,
a gradual substitution of the conscienceless property holder for the one
responsive to public sentiment. Next, under the threat of hostile popular
action, the timid and resourceless property owner gives way to the
resourceful and the bold. The third stage in the process is a vigorous
political movement towards drastic regulation or abolition, evoking a
desperate attempt on the part of the interests threatened to protect
themselves by political means--that is, by gross corruption; or, if the
menaced interest is a vast one, dominating a defensible territory, by
armed rebellion, as in our own Civil War. If the interest is finally
overwhelmed politically, and placed completely under the ban of the law,
it has been given ample time to develop an unscrupulousness of personnel
and an art of corruption that long enable it to exist illegally, a lasting
reproach to the constituted authorities.


V