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Updated: May 6, 2025
His magnificent fortune and boundless credit were seriously compromised. He had found it an easier task to take Ostend and relieve Grol than to bolster up the finances of Spain. His acceptances were becoming as much a drug upon the exchanges of Antwerp, Genoa, or Augsburg, as those of the most Catholic king or their Highnesses the archdukes.
The barrier is taken down and all those hundreds of men, wearily disperse to "find a job." Five hundred applicants, twenty acceptances! No wonder one tired-out looking individual ejaculates, "Oh dear, Oh dear! Whatever shall I do?" A few hang about until mid-day on the slender chance of getting taken on then for half a day.
It was then that the Major said that he believed Morgan had been getting devilish rich for a devilish long time; in fact, he had bought the house in Bury Street, in which his master was a lodger and had actually made a considerable sum of money, from his acquaintance with the Clavering family and his knowledge obtained through his master that the Begum would pay all her husband's debts, by buying up as many of the Baronet's acceptances as he could raise money to purchase.
Secondly, you can go to your father to-morrow and ask him to lend you money to meet your acceptances and to continue the work until the houses are finished and can be sold. They will ultimately go for a quarter of their value, if you can sell them at all within the year, and you will be in your father's debt, exactly as in the other case.
The telephone's tiny, thin voice returned acceptances from distant neighbours; so bright and early we waited at the cross-roads rendezvous. And from the four directions they came, jogging along in carts or spring-wagons, swaying swiftly in automobiles whose brass flashed back the early sun.
"Well, my dear girl, you will all want a square feed when you get to the bottom of those Falls." "And who are we all, pray?" inquired Kate. "Well," said Hugh, "there are the ducky little girls, that's two. I sent them a wire each this morning and had their acceptances before the X.Y.Z. got to work." "That was smart," said Kate.
It was planned to get the United States to reciprocate the past favors of France by favoring her now, if not by direct payments of money, at least by acceptances which Genet could use in purchasing supplies. The fact that whatever in the way of money or accommodations was obtained in the United States would be used in business in that country was counted upon to facilitate the transaction.
Soon afterwards, the war became more languid than ever. News arrived of a great crisis on the Genoa exchange. A multitude of merchants, involved in pecuniary transactions with Spinola, fell with one tremendous crash. The funds of the Catholic commander-in-chief were already exhausted, his acceptances could no longer be negotiated. His credit was becoming almost as bad as the king's own.
We there discussed the matter fully, when Hammond said, "Sherman, give me up my two acceptances, and I will substitute therefor my check of forty thousand dollars," with "the distinct understanding that, if the money is not needed by you, it shall be returned to me, and the transaction then to remain statu quo." To this there was a general assent.
Some important works were published, notably the Eroica Symphony and the Appassionata Sonata. Along with acceptances came commissions, so that his finances appear to have been in a flourishing condition for the time. Beethoven's engagement to the Countess Brunswick was entered into with the consent of her brother. Count Brunswick, who was the only one permitted to share the secret.
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