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He was the raven of the House of Commons, always croaking defeat in the midst of triumphs, and bankruptcy with an overflowing exchequer.
The lack of a mechanic's lien law, which would protect his wages in the case of his employer's bankruptcy, was keenly felt by the workingmen. A labor paper estimated in 1829 that, owing to the lack of a lien law on buildings, not less than three or four hundred thousand dollars in wages were annually lost. But the most distinctive demands of the workingmen went much further.
This act of bankruptcy introduced into the charges of the budget an economy which it was thought ought to satisfy all those who had not personally to suffer the consequences.
It was a fact much discussed in inner business circles at Dobbinsville that Mr. Gramps' farm was heavily mortgaged, and that unless some crook or turn unforeseen favored him he would soon face bankruptcy. He had been unable to pay the interest on the notes he had been obliged to obtain in order to keep his son from going where he really belonged.
Besides, the risk of death for each soldier becomes a certainty if the fighting goes on for ever: he hopes to escape for six months, but knows he cannot escape for six years. The risk of bankruptcy for the citizen becomes a certainty in the same way. Now what does this mean for me? THE ORACLE. Does that matter in the midst of such calamity?
In fact, it is not known that the daring creditor will not be considered a party. Take notice that in all cases of bankruptcy, protecting oneself is regarded as the most sacred of duties, even by the most respectable houses: the thing is to keep the bad side of the protection out of sight, as they do in prudish England.
I believe in governing children by kindness, by love, by tenderness. If a child commits a fault take it in your arms, let your heart beat against its heart; don't go and talk to it about hell and the bankruptcy of the universe. If your child tells a lie what of it? Be honest with the child, tell him you have told hundreds of them yourself.
till the gold-dust is combed from the golden locks, and hoarded to buy bread; till the fast-driving youth smokes his clay-pipe on the platform of the horse-cars; till the music-grinders cease because none will pay them; till there are no peaches in the windows at twenty-four dollars a dozen, and no heaps of bananas and pine-apples selling at the street-corners; till the ten-flounced dress has but three flounces, and it is felony to drink champagne; wait till these changes show themselves, the signs of deeper wants, the preludes of exhaustion and bankruptcy; then let us talk of the Maelstrom; but till then, let us not be cowards with our purses, while brave men are emptying their hearts upon the earth for us; let us not whine over our imaginary ruin, while the reversed current of circling events is carrying us farther and farther, every hour, out of the influence of the great failing which was born of our wealth, and of the deadly sin which was our fatal inheritance!
Its bankruptcy would not ruin his wife, but she would feel the loss of her money, and he was not going to use Clara for a shield against Ellen Seaton's attacks. The thing was shabby. All the same, the situation was humorous, and he saw, with an ironical smile, the advantages of Mrs. Cartwright's plan.
It was only by loans raised at ruinous interest that the Protector escaped sheer bankruptcy when the revolts in east and west came to swell the royal expenses. His weakness in tampering with the popular demands completed his ruin.
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