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"You know how sensitive poor Mabel is, and I do hope that if she comes back we shall all be kind to her and not let her know that we have ever heard about her father's misfortunes." "That may be your opinion, Nora Ellis," said Julia, "but for my part I do not choose to associate with a bankrupt's daughter.
Then comes a keen but joyless view, a calculation, but only a bankrupt's calculation, of the possibility of gains for ever forfeited, of all the grandeur and ocean-like vastness of the bliss which it has lost. Last of all comes before it the immensity of God, to it so unconsoling and so unprofitable; it is not a picture, it is only a formless shadow, yet it knows instinctively that it is God.
"On one side my heart was distracted by this dreadful thought, while on the other I was assailed by the despair that was present in the bankrupt's chamber; but generosity conquered in the awful trial, and at daylight I sought out the principal creditors and signed the documents that saved a brother's life and honor but gave up my wife and child to want."
This trustee also could make use of the fiction, and sue as if he had been the bankrupt's heir. /4/ We are told by one of the great jurisconsults that in general universal successors stand in the place of heirs. /5/
Very soon afterwards his late partner, who was a good sort of fellow too, failed, and N was paralyzed on receiving a letter from the attorney to the assignees to say, that not having regularly gazetted his retirement from the concern, he had rendered himself legally liable to the creditors of the late firm of and Co., and unless N paid the balance which remained due after the assets of the bankrupt's estate had been ascertained, that immediate steps would be resorted to, to compel him.
"Such things," it was argued, "were better settled at once; and it would have been far more satisfactory if the bankrupt's matters had been disclosed to the meeting, who had come on purpose to hear them, and had neglected important matters at home, rather than be disappointed." The meeting, however, dissolved with a hymn, sung without spirit or heart. At the close of it, the minister retired.
The agent may make himself useful to both parties; on the one hand by not laying the bankrupt's business in ashes, on the other by snatching a few morsels for men of influence, in short, he runs with the hare and holds with the hounds. A clever agent has frequently arrested judgment by buying up the debts and then releasing the merchant, who then rebounds like an india-rubber ball.
Almost at the same moment Bullion came also; for Tonsor, fearing that Fletcher would take some desperate step, had been to the surly bankrupt's house and insisted upon his coming down to see his unfortunate agent. Just at the office-door, and opposite the carriage, met the two bankrupts, the disgraced "bull" and the vanquished "bear."
"But I thought you knew that we had all determined to cut her if she came back, and not to say one word more to her than we were really obliged," continued Julia. "Why?" asked Ruth sharply. "Because she has no business here, because she degrades the school. A bankrupt's daughter ought not to come here," said Julia haughtily, "and I hope you will not associate with her."
One the early forms of instituting an heir was a sale of the familia or headship of the family to the intended heir, with all its rights and duties. /3/ This sale of the universitas was afterwards extended beyond the case of inheritance to that of bankruptcy, when it was desired to put the bankrupt's property into the hands of a trustee for distribution.
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