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Meekly insisting that he was only a steward of the Lord, he put out his Lord's money that he might receive it again with usury, and so successful had he been that almost all mortgages held on property near Pawkin Centre were in the hands of the good Deacon, and few were the foreclosure sales in which he was not the seller.
"No lawyer!" cried Van Tassel, smiling grimly. "A couple of sailors about to dispute the foreclosure of a mortgage! Famous justice we should get at your hands, gentlemen! Well, well; I now see how it is, and that this has only been an attempt to work on my sympathies for an old woman who has been living on my money these twenty years.
The Tollman farm had been one of goodly size when Eben had inherited it and outlying tracts had since augmented it by virtue of purchase and foreclosure, until the residence, which faced a lake-like cove, was almost isolated of site. On either side of the sandy road, as Conscience drove to the station, elms and silver oaks and maples were wearing new and tender shades of green.
They could lay nothing aside, and now, in 1894, there was not merely a threat, but the certainty, of a foreclosure unless the eleven hundred dollars should be paid. It was due on the twentieth of September. It was the first of September when John Appleman started from Guaymas for home.
Happy to oblige you, Farrel. But do not be in too great a hurry. You may lose more in the shrinkages of values if you buy now than you would make in interest." "I shall be guided by your advice, sir. You are very kind." "By the way," Parker continued, with a deprecatory smile, "I haven't entered suit against you in the matter of that foreclosure.
The wife was unable to meet the instalments promptly, and the firm threatened to take away her furniture. She asked the agent of a charitable organization to intercede for her. This gentleman wrote to the firm and begged them to postpone their foreclosure, and mercifully give the poor family a little more time.
Then, however, these people seemed to become suddenly poorer, and Malbrouck began farming in a humble, but not entirely successful way. The energy of the man was prodigious; but his luck was sardonic. Floods destroyed his first crops, prices ran low, debt accumulated, foreclosure of mortgage occurred, and Malbrouck and the wife and child went west.
In alluding to some expressions used by this great man, Sheridan said: But when he saw that the Constitution was suspended from the year 1796 to the present period, and that it was now likely to be continued for three years longer, the danger was that we might lose the interest altogether; when we were mortgaged for such a length of time, at last a foreclosure might take place."
If more than the principal had been paid, then it must be returned in money or in the product of lands taken in foreclosure, the wine or oil or fruits and grains must be returned. Thus only could the wrongs be corrected and righteous adjustment be made.
The Federation insisted that the houses be sold on foreclosure and that the collected money be used not as a prior settlement but as an indemnity to the individuals thus deprived of their homes. Rancor gave way to reason, however, and just before the day fixed for the foreclosure sale the matter was settled. In all, $235,000 was paid in damages by the union to the company.
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