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Updated: July 25, 2025
In the winter of 1825-1826, a widespread area of commercial distress resulted in the downfall of many firms; and among others to succumb were Hurst & Robinson, publishers, whose failure precipitated that of Constable & Co., Scott's publishers, and of the Ballantynes his printers, with whom he was a secret partner, who were largely indebted to the Constables and so to the creditors of that house.
The crisis that showed Scott's sterling character came in the winter of 1825-1826, when an Edinburgh publishing firm in which he was interested failed and left an his shoulders a debt of £117,000.
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