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Bankruptcies are most frequent in the most hazardous trades. The most hazardous of all trades, that of a smuggler, though, when the adventure succeeds, it is likewise the most profitable, is the infallible road to bankruptcy.
Long before the autumn of 1847, the mischievous consequences of the railway mania, complicated by the failure of the potato crop, showed itself in great bankruptcies in the large towns all over the country. The new year came with trouble on its wings. The impending storm burst all over Europe, first in France. Louis Philippe's dynasty was overthrown.
A revisal of their former accounts, or an inspection of their past transactions, is a certain and efficacious threat to keep them in silent submission, as they all well understand the meaning of them. Even foreigners, whom our numerous national bankruptcies have not yet disheartened, are subject to these measures of rigour or vigour requisite to preserve our public credit.
The War had done it. Banks were not lending; people breaking contracts all over the place. There was a feeling in the air and a look on faces that he did not like. The country seemed in for a spell of gambling and bankruptcies.
That amidst so rotten an economic condition every financial or political crisis should occasion the most dreadful confusion, was to be expected from the nature of the case; we need hardly mention that the usual phenomena the disappearance of capital, the sudden depreciation of landed estates, innumerable bankruptcies, and an almost universal insolvency made their appearance now during the civil war, just as they had done during the Social and Mithradatic wars.
He remedies unfavourable accidents, cures petty ailments, contrives unexpected gifts of medicine, money, or the like, he averts bankruptcies, arranges profitable transactions, and does a thousand such services for his little clique of faithful people. The pious are represented as being constantly delighted by these little surprises, these bouquets and chocolate boxes from the divinity.
He told me once, with an air of pride, that his five bankruptcies were entirely due to 'The Bard, as he insisted on calling him. He seemed to think it a distinction." "It was a distinction, my dear Dorian a great distinction. Most people become bankrupt through having invested too heavily in the prose of life. To have ruined one's self over poetry is an honour.
He was to marry Mademoiselle de Grandlieu, to be made marquis; he had a fine fortune; well, a prostitute poisons herself, she hides the price of a certificate of stock, and the whole structure so laboriously built up crumbles in an instant. "And who is the first man to deal a blow? However, you know as well as I do all the bankruptcies and tricks for which that man deserves hanging.
We have already had very ample means of gathering that the year 1796 was a very favorable year of trade, and in that year the number of bankruptcies was at least one fifth below the usual average. I take this from the declaration of the Lord Chancellor in the House of Lords. But the real situation of our trade, during the whole of this war, deserves more minute investigation.
The bankruptcies which followed the bursting of his bubble weakened the potent charm of the word 'honor, on which was based the stability of the throne."
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