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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)"

In case of the death of the debtor, this rigorous demand
falls upon the ruined houses of widows and orphans, and may be easily
converted into a means either of cruel oppression or a mercenary
indulgence, according to the temper of the exactors. Instead of thus
having recourse to imprisonment, the old balance is sometimes deducted
from the current produce. This, in these circumstances, is a grievous
discouragement. People must be discouraged from entering into a
business, when, the commodity being fixed to one invariable standard and
confined to one market, the best success can be attended only with a
limited advantage, whilst a defective produce can never be compensated
by an augmented price. Accordingly, very little of these advances has
been recovered, and after much vexation the pursuit has generally been
abandoned. It is plain that there can be no life and vigor in any
business under a monopoly so constituted; nor can the true productive
resources of the country, in so large an article of its commerce, ever
come to be fully known.


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