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Updated: May 3, 2025
Its officers were either bound to him as his debtors, or, as his creditors, closely connected with his interests, and the preservation of his power. The regiments he had entrusted to his own relations, creatures, and favourites. He, and he alone, could discharge to the troops the extravagant promises by which they had been lured into his service.
But Ram Dass went into the Courts with the papers and the bonds all correct and took out decrees against the landholder; and the name of the Government was across the stamps of the decrees. Ram Dass took field by field, and mango-tree by mango-tree, and well by well; putting in his own men debtors of the out-town of Isser Jang to cultivate the crops.
Without doubt, it is for religious rites, studies according to the ordinance, and progeny, that men are born debtors. These debts are all discharged by sacrifices, asceticism, and offspring. Thou art an ascetic and hast also performed sacrifices; but thou hast no offspring. These regions are shut against thee only for want of children. Beget children, therefore!
The latter was really a question of the payment of British creditors by American debtors, for there was little on the other side of the balance sheet, and it seems as if the frugal Franklin would have preferred to make no concessions and would have allowed creditors to take their own chances of getting paid.
His personal appearance was indicative of a delicate and nervous organisation: slight and fragile in figure, with an intellectual forehead and eye, that spoke of the preponderance of the spirituelle in his idiosyncrasy; one of those minds which are ever working beyond the powers of the body; ever planning new achievements and new labours of love, and which too often, alas! go out at noonday, while half their fond projects are unaccomplished, yet not before they have made a name to live, and left the world their debtors!
At best He's but a caterpillar dress'd; The gaudy fop's his picture just. The second vice is lying; the first is running in debt. Lying rides upon debt's back. It is hard for an empty bag to stand upright. Creditors have better memories than debtors. Creditors are a superstitious sect, great observers of set days and times. The borrower is a slave to the lender, and the debtor to the creditor.
'What signify the accounts to me? says he; 'I can see nothing in the books but debts that 1 cannot pay, and debtors that will never pay; I can see nothing there but how I have trusted my estate away like a fool, and how I am to be ruined for my easiness, and being a sot: and this makes him throw them away, and hardly post things enough to make up when folks call to pay; or if he does post such accounts as he has money to receive from, that's all, and the rest lie at random, till, as I say, the assignees come to reproach him with his negligence.
So that, in a word, the man has died immensely rich; that is to say, worth between £20,000 and £30,000, only that, having been a long standard in trade, and having a large stock, he drove a very great business, perhaps to the tune of £60,000 or £70,000 a-year; so that, of all the £30,000 owing, there may be very little of it delivered above four to six months, and the debtors being many of them considerable merchants, and good paymasters, there is no difficulty in getting in money enough to clear all his own debts; and the widow and children being left well, are not in such haste for the rest but that it comes in time enough to make them easy; and at length it all comes in, or with but a little loss.
They measured every ship about to depart, to learn if her cargo exceeded the lawful amount; they guarded creditors against debtors and protected poor debtors against the rapacity of creditors, and they punished thefts sustained by the merchants. It is curious to find contemporary with this beneficent magistracy, a charge of equal dignity exercised by the College of Reprisals.
I hate it!" he cried, "I hate to think that a billionaire, with a pull at Washington, can turn our Jackies into Janissaries. Protect American interests!" he exclaimed, indignantly, "protect American sharpers! The Isthmian Line has no more right to the protection of our Navy than have the debtors in Ludlow Street Jail."
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