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Updated: May 16, 2025
Still, according to Lockhart, this system was continued long after there was any special need for it, and a mass of counter-bills, for which the Ballantynes had never had the slightest value, and the amount of which they had either discharged or stood accountable for already on other documents, was in whole or part flung upon the market by Constable in the months of struggle which preceded his fall, and ranked against Ballantyne & Co., that is to say, Scott, when that fall came.
This is the celebrated affair of the counter-bills, things, according to Lockhart, representing no consideration or value received of any kind, but executed as a sort of collateral security to Constable when he discounted any of John Ballantyne's innumerable acceptances, and intended for use only if the real and original bills were not met.
Here's the account, if you'd like to see it." To Mrs. Blackwood for assistance in the house, and to Mrs. 4570 dollars Paid M. Blackwood, Wharfinger "Oh! It's too bad of you to worry your wife with bills!" "With counter-bills! And even that one you need not pay, for I pay all bills." The wife crumpled up the paper. "Am I to pay for your children's education, too?"
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