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Updated: May 26, 2025
Perhaps it would be better to say that it was just at that minute that the crowd focused itself upon the particular house where the baby daughter of the president of a great defaulting bank lived.
Wallace was the senior inspector of the service, and his special faculty was the unravelling of tangled accounts and the detection of defaulting managers and cashiers. Leaving the ordinary inspection of branches to his juniors, Wallace only journeyed from the head office to take charge when grave suspicions were entertained as to the integrity of a branch staff.
Before leaving California, a young man in my office, who had been using some of my money which he could not replace, proposed to repay me in a certificate printed in red ink, which certificate declared that I had paid $2000 toward the capital stock of Mining Company; Capital Stock, $250,000; signed Col. , President, a gentleman a little in arrears at his boarding-house, and my defaulting young man was secretary.
Another aspect of the neglected children problem, which Federal action alone will solve, is in dealing with cases of neglect by desertion. At present each State is put to great trouble and expense through defaulting parents. Federal legislation would render it possible to have an order for payment made in one State collected and remitted by an officer in another State.
Was that addressed to the director of the Caisse Territoriale or to the defaulting ex-receiver-general? In any event, the employment at the outset of the brutal method of formal summons, instead of a quiet notification, was sufficiently indicative of the seriousness of the affair and the firm determination of the authorities.
Others who had less to lose and could therefore afford to stand on principle, would have enforced the fullest rigour of the ancient rules and have delivered up the quaestor and tribunes with the defaulting general.
High and low was Miss Fanshawe sought; through length and breadth was the house ransacked; vainly; not a trace, not an indication, not so much as a scrap of a billet rewarded the search; the nymph was vanished, engulfed in the past night, like a shooting star swallowed up by darkness. Deep was the dismay of surveillante teachers, deeper the horror of the defaulting directress.
Consequently when the period of depression arrived with the panic of 1893, the Vanderbilt properties were, as a whole, in a strong position to meet the changed situation and, like the great Pennsylvania property, they all passed through to the advent of the new industrial era without the defaulting of a bond or the passing of a dividend.
Slowly and kindly they stripped the green robes from many a tree, from many a thicket ejected like defaulting tenants the blue linnet, the orchard oriole, the nonpareil, took down all its leafy hangings and left it open to the winds and rain of December. The wet ponies and kine turned away from the north and stood in the slanting storm with bowed heads.
He too swore lustily at the defaulting duenna. "I thought it was all fixed up nicely forever," he growled. "Everything is transitory in this life, my dear fellow," said I. "Everything except a trusteeship. That goes on forever." "That's the devil of it," he growled. "You must get used to it," said I. "You'll have lots more to look after before you've done with this existence!"
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