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There isn't a flaw in this proposition, Wentz! Can you show me one?" "It's perfect from your side," Wentz agreed, "but where would we get off if every family in the northern part of the state didn't happen to need fruit trees or a sewing machine? We'd have a worn automobile on our hands and another of your familiar signatures on our already too large collection of promissory notes.
This is an adaptation of a game that is as old as the hills the one where the solicitors would go up to a farmhouse, sell a man a sewing-machine or a cream separator at a ridiculous figure, let him sign what he thought was a contract to pay a certain amount a month for twelve months and then take the promissory note which he really had signed down to the bank and discount it.
"But," said Stacy suddenly, "how did you manage to buy the claim?" "Ah! that's the most awful thing, boys. I've NEVER PAID FOR IT," groaned Barker. "But Carter sent us the bill of sale," persisted Demorest, "or we shouldn't have taken it." "I gave my promissory note at thirty days," said Barker desperately, "and where's the money to come from now?
Bills of exchange and promissory notes are instruments quite as indispensable to modern commerce and civilization; and when the necessities of an enlarged commercial intercourse, some five or six hundred years ago, first led to the use of paper as a representative of money, it was in the form of bills of exchange.
Its agriculture, manufactures, and trade, on the contrary, the annual produce of its land and labour, have evidently been augmented. It is chiefly by discounting bills of exchange, that is, by advancing money upon them before they are due, that the greater part of banks and bankers issue their promissory notes.
If the State taxes him moderately, the money-lender enslaves him by means of promissory notes, and soon turns him into the simple tenant of soil belonging in reality to a financial company. The landlord, the State, and the banker thus plunders the cultivator by means of rent, taxes, and interest.
A state may not "emit bills of credit." Bills of credit, to a vast amount, were issued by the states during the war, and for some time thereafter. They were in the nature of promissory notes, issued by the authority of the state, and on the credit of the state, and put in circulation by the continental congress and the states as money.
His lordship then called the attention of the jury to the law of the land; particularly to that portion relating to their present duty; and the grand jury presented me to the court, for feloniously taking a certain promissory note from the house of Israel Lewis. The King's Attorney had but one witness, and that was Lewis.
How could I advise? I could only draw my own conclusions privately. Madame Fontaine's movements were watched by somebody; possibly in the interests of the stranger who now held the promissory note. It was, of course, impossible for me to communicate this view of the circumstances to either of my two companions.
He accepted the secret interviews she granted, and learned at last the part he had to play. On that promissory note which she had given him at the altar she paid the instalment of a few elusive kisses, and he discovered to his dismay that he must do some great thing to make himself worthy of her, before the note should be paid in full.
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