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Updated: May 6, 2025
There is one exception to this statement, an Irish bandmaster of a Gurkha regiment, who was I think, trying to pull my leg. I have met innumerable people whose aunt's sister's cousin saw it done, but never have I had the pleasure of meeting anyone directly deceived by it. This for 23 years. So far there have been no acceptances.
The three acceptances duly matured and were paid; one morning Meiggs and family were missing, and it was discovered they had embarked in a sailing-vessel for South America. This was the beginning of a series of failures in San Francisco, that extended through the next two years.
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.
People said also, what is true of most terrorists, that he was himself quite capable of being frightened; and also, that he lied with too fertile an audacity: and, like a man with too many bills afloat, forgot his endorsements occasionally, and did not recognise his own acceptances when presented after an interval. Such were some of this dangerous fellow's weak points.
But it is worth noting that while he protested his total inability to discount any one's bills, Andrea Contini and Company regularly renewed their acceptances when due and signed new ones for any amount of cash they required. The accommodation was accompanied with a request that it should not be mentioned.
No school worthy of the name can do without a garden, any more than it can do without reading books, or blackboards, indeed the former need is greater: if it is possible, and possibilities gradually merge into acceptances, a pond should be in the middle of the garden, and trees should also be considered as part of the whole.
Something can be done by banks and financiers in supplying credit in the form of advances and acceptances; but this method is only like oiling the wheel of industry, the real driving power of which has to be saved capital. Creating credits simply means that a certain amount of buying power is manufactured and handed over to those to whom the credit is given.
In New York, Lucas, Turner & Co. had nothing at risk. We had large cash balances in the Metropolitan Bank and in the Bank of America, all safe, and we held, for the account of the St. Louis house, at least two hundred thousand dollars, of St. Louis city and county bonds, and of acceptances falling due right along, none extending beyond ninety days. I was advised from St.
The banks where the acceptances had been discounted were wise after the fact, and detected numerous little details wherein the forged signatures differed from the genuine signatures of my Uncle Richard. In each case they pocketed the loss and held their tongues, and I dare say they will not thank me for calling attention to the matter, even at this distance of time.
He would also tell them that the credit balance of their account current would not be at their disposal until their acceptances were met. Orsino would probably at last believe that the situation was serious, though he now looked so supremely and scornfully indifferent to events. They waited some time.
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