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Updated: May 25, 2025
As wealth is the point of honor, it must be sought at every hazard, and the mortifying occurrences of the last twenty years, the dishonest bankruptcies, the numerous forgeries, perpetrated by the first people in social position, on a scale never known before, the innumerable defalcations which have crowded the papers, until they have become a matter of course; the insatiable craving for the money and lands of others, which seems to have passed from the workshop and the counting-room to the halls of legislation; the unbounded extravagance of expenditure which might serve to indicate the possession of the darling prize, and, above all, that worst sign of all, the almost perfect indifference with which the most enormous frauds are received by the public; these and similar things show the bitter consequences of this vulgar passion.
A heavy load was lifted off my spirits, for I came to this conclusion that she had said nothing, and would say nothing, to the Careys about his defalcations. She would not make her uncle's shame public. I told my mother that Julia and I were going over to Jersey the next morning, and she was more than satisfied.
" Wi' this auld and brief breath," continued Mause, "will I testify against the backslidings, defections, defalcations, and declinings of the land against the grievances and the causes of wrath!"
They scrupled not to tax him with gross peculation, and exhibited articles of impeachment against him, which became the subject of elaborate investigation, the result of which is matter of history. In those articles, no reference whatever was made to Lord Melville's supposed complicity with Jellicoe; nor, on the trial that followed, was any reference made to the defalcations of that official.
Thus a new estate and property sprung up in the hands of mortgagees, to whom every house and foot of land in England paid a rent-charge, free of all taxes and defalcations, and purchased at less than half value.
Father said one day at table that the old fellow had overstepped the mark and owing to some defalcations had gone to prison. I was sorry. What do you know of him?" "Nothing," I replied. "I've heard of him." She looked me very straight in the face from beneath her long dark lashes. "Ah! you won't tell me what you know," she said mysteriously. "Neither will you, Lola!"
If it had not been for the boisterous indignation of the president, Northwick might have come away from the meeting, after the exposure of his defalcations, with an unimpaired personal dignity. But as it was, he felt curiously shrunken and shattered, till the prevailing habit of his mind enabled him to piece himself together again and resume his former size and shape.
One day a man came to the Rand, settled there, tried his hand at various things, with the exception of gold mining, till he founded an ice factory, which did well. He soon won universal esteem by his respectability, but after some years he was suddenly arrested. He had committed some defalcations as banker in Frankfort, had fled from there, and had begun a new life under an assumed name.
Although the Cort patents expired in 1796 and 1798 respectively, they continued the subject of public discussion for some time after, more particularly in connection with the defalcations of the deceased Adam Jellicoe.
He drew a paper from his pocket and spread it out upon the table. His long, hairy fingers were shaking with nervousness. "Come, make it a deal," he persisted, "You can pay me the defalcations or not, as you choose. There is your brother's freedom and the honour of your name, in exchange for that pocketbook." Pamela, after all her hesitation, seemed to make up her mind with startling suddenness.
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