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Updated: May 20, 2025
Western stocks and securities tumbled to such a figure, that all Western banks that held such securities, and had procured advances thereon, were compelled to pay up or substitute increased collaterals. Our own house was not a borrower in New York at all, but many of our Western correspondents were, and it taxed my tune to watch their interests.
And yet so great peculiarities pertain to each State, and such important and sudden changes occur in the same State, and with also new and unprecedented is the whole case that no exclusive and inflexible plan can safely be prescribed as to details and collaterals. Such exclusive and inflexible plan would surely become a new entanglement. Important principles may and must be inflexible.
He had never lent to the Lord except in his usual business manner as small a loan as would be accepted, on as extensive collaterals as he could exact. Oh, why did people ever forsake the simple raiment of their forefathers, and robe themselves in garments grievous in price, and stumbling-blocks in the path of their fellow-men? But sleep failed even to follow this pious reflection.
He felt that it was impossible to ask Robert Williamson and probably have the girl's name overflowed in a stream of petty gossip concerning her and all her antecedents and collaterals to the third and fourth generation. If he had to ask any one it should be Mrs. Williamson; but he meant to find out the secret for himself if it were at all possible.
Our bank, having thus passed so well through the crisis, took at once a first rank; but these bank failures had caused so many mercantile losses, and had led to such an utter downfall in the value of real estate, that everybody lost more or less money by bad debts, by depreciation of stocks and collaterals, that became unsalable, if not worthless.
Of all these human collaterals who were penned up there with him, he, for the time being, was most precious in the eyes of the law. Therefore the law took no chance of losing him, and this he must have known when he maimed his keeper. After this outbreak he was treated as a vicious wild beast, which, undoubtedly, was exactly what he was.
"Concede that the new government of Louisiana is only to what it should be as the egg is to the fowl, we shall sooner have the fowl by hatching the egg than by smashing it. What has been said of Louisiana will apply generally to other States. So new and unprecedented," he ended, "is the whole case that no exclusive and inflexible plan can safely be prescribed as to details and collaterals.
For, in the first place, that natural love which every man has to his own kindred would make the chief willing to perpetuate the power and dignity he acquired in his own blood, and for that purpose, even during his own life, would raise his son, if grown up, or his collaterals, to such a rank as they should find it only necessary to continue their possession upon his death.
More fortunate than his predecessor, the Marquis d'Urban had three heirs to oppose to his collaterals, when, some two years and a half later, the Chevalier de Bouillon arrived at the capital of the county of Venaissin.
As the toxin accumulates the reflex arc is affected, with the result that when a stimulus reaches the ganglia a motor discharge takes place, which spreads by ascending and descending collaterals to the reflex apparatus of the whole cord.
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