JJ.—: Usury Laws (p. 930.)

The pretty general repeal all over Europe of the old usury laws has been followed since 1878 by a reaction, and a great number of “usury laws” have been passed in Germany, Austria, Hungary, Switzerland, and other countries; as well as for the possessions of the Great Powers outside Europe, as e.g. for the Punjaub, the Soudan, Algiers, &c. For an account and estimate of this movement, see Schmoller, Grundriss, § 189 (Principes, vol. iii.). As to the English “Money-lenders Act” of 1900, see the observations from a point of view identical with that of Mill in Dicey, Law and Public Opinion in England (1905), pp. 33 and 45.