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"Sentence pronounced by the Parliament of Paris against John Robert Cassel, accused and convicted of Fraudulent Bankruptcy!" Derues looked up and saw a street-hawker who used to come to his shop for a drink, and with whom he had had a violent quarrel about a month previously, she having detected him in a piece of knavery, and abused him roundly in her own style, which was not lacking in energy.
He was secretly glad that at last the old fellow had resolved to face bankruptcy rather than go farther in that strange career of crime, yet, at the same time, there was serious danger for Weirmarsh was a man so unscrupulous and so vindictive that the penalty of his defiance must assuredly be a severe one.
It would have seemed inconceivable before, that a man of great wealth should give one-half of his income to the state. The financial burden of the war, as the full measure of it dawned upon our minds, seemed to betoken a universal bankruptcy. But the sequel is going to show that the finance of the war will prove to be a lesson in the finance of peace. The new burden has come to stay.
If that is the way you use your talents, you will end by losing caste in your wife's estimation; for she will demand of you, reasonably enough, double what you would give her, and the time will come when you declare bankruptcy. The human soul in its desires follows a sort of arithmetical progression, the end and origin of which are equally unknown.
What sort of body is the India Company, which, coming to the verge of bankruptcy by the robbery of half the world, is afterwards to subsist upon the alms of peculation and bribery, to have its strength recruited by the violation of the covenants imposed upon its own servants? It is an odd sort of body to be so fed and so supported.
He is unjust to his generals; egotistic, and monopolizing; meanly stealing the credit of their great actions from Kellermann, from Bernadotte; intriguing to involve his faithful Junot in hopeless bankruptcy, in order to drive him to a distance from Paris, because the familiarity of his manners offends the new pride of his throne. He is a boundless liar.
And it must be noted that no more humane law of bankruptcy was introduced until the time of Augustus. But to this we shall return in the next chapter. Secondly, let us consider that in a large city of to-day the person and property of all, rich or poor are adequately protected by a sound system of police and by courts of first instance which are sitting every day.
The war has enormously magnified this condition until an enforced liquidation would mean bankruptcy for all the nations of the earth, while the production of utilities is decreasing in proportion to the production of luxuries, labour is exacting increasing pay for decreasing hours of work and quality of output, and the enormous financial structure, elaborately and ingeniously built up through several generations, is in grave danger of immediate catastrophe.
By slow degrees the situation dawned on him that the banks had lent him, among others, some money thousands of millions were as bankruptcy the same for which he, among others, was responsible and of which he knew no more than they. The humor of this situation seemed to him so much more pointed than the terror, as to make him laugh at himself with a sincerity he had been long strange to.
Ponsonby would have listened to me; we should have had peace, and he would have received a reasonable rental for his property. Instead of this, look at the law costs arising out of bankruptcy proceedings and sheriff's sales and writs and processes, and the whole district thrown into disorder and confusion, and the industrious people now put out of their holdings, and forced into idleness."
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