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Updated: May 28, 2025
The acceptor of it has not his authority increased, but he has his crime doubled.
Pike that a freer acceptor of hospitable invitations, or a better appreciator of hospitable intentions, was not and needed not to be found possibly in the whole state. Nor was this admirable deportment confined to the county in which he held so high official position.
No gift should be made to a Brahmana destitute of knowledge of the Vedas. Gifts should be made unto him only that is a Srotriya. An improper gift and an improper acceptance produce evil consequences unto both the giver and the acceptor. One may give from compassion unto a low Brahmana who is without mantras and vows, who is ignorant of the scriptures and who harbours envy.
When the bill is accepted, the acceptor is debtor to the person to whom the bill is payable, or in his right to every indorser; for a bill of exchange is in this case different from a bond, namely, that the right of action is transferable by indorsement, and every indorser has a right to sue the acceptor in his own name, and can transfer that right to another; whereas in a bond, though it be given to me by assignment, I must sue in the name of the first person to whom the bond is payable, and he may at any time discharge the bond, notwithstanding my assignment.
If, when the bill becomes due, the acceptor does not pay it as soon as it is presented, he becomes from that moment a bankrupt. The bill is protested, and returns upon the drawer, who, if he does not immediately pay it, becomes likewise a bankrupt.
"What, do you do that sort of thing as well?" "Why not, pray? So long as I'm the holder, not the drawer, nor the acceptor. Besides, they are not accommodation bills, but good commercial paper." "You are a merchant, then; are you?" "Yes; in a small way. If you will allow me, I will explain."
We get these things, not as sentiments or yet theories, but as a man. We see life and the world as they appear to the inevitable democrat, the inevitable lover, the inevitable believer in God and immortality, the inevitable acceptor of absolute science. We are all going his way.
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