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Updated: June 8, 2025
The following week, when signs of danger were multiplying, he had found the would-be purchaser unwilling to buy at any price. Realizing the compromising position in which he had placed himself by his action, he had cast about feverishly for the means to redeem the hypothecated securities, but all his resources were taxed of a sudden by the advent of the panic.
But this did not help the man who wanted to raise money, for as security they could not be hypothecated for more than seventy per cent. of their market value, and they were not selling at par, but at ninety. A man might buy or accept them in foreclosure, but he had a long wait.
And for Edward Malia Butler he occasionally carried as high as one hundred thousand dollars in margins. His own loans at the banks, varying from day to day on variously hypothecated securities, were as high as seven and eight hundred thousand dollars.
I wonder if he anticipated just how much I should enjoy his post-mortem munificence?" And here J. Bayard gives a caressin' pat to his Grand Duke whiskers and glances approvin' down at the patent leathers which finish off a costume that's the last word in afternoon elegance. You've seen a pet cat stretch himself luxurious after a full meal? Well, that's J. Bayard. He'd hypothecated the canary.
If we cannot pay them in cash, Roguin will give the money at five per cent, hypothecated on my share of the property. But such loans will be unnecessary. I have discovered an essence which will make the hair grow an Oil Comagene, from Syria! Livingston has just set up for me a hydraulic press to manufacture the oil from nuts, which yield it readily under strong pressure.
There is, however, this great difference between them, that Bordenave is completely ruined and that all that he possesses are bundles of mortgages, laughable parchments which attest his ancient race, and chimerical hopes of inheriting money some day, though these expectations are already heavily hypothecated.
By an Act of 1858 the Encumbered Estates Court was replaced by the Landed Estates Court, which had power to carry out the sale of, and give an indefeasible title to, any interests in land, whether hypothecated or not, and after the passing of the Judicature Act of 1877 the name of the Court became the Land Judges' Court.
But his father's investments in street-railways, which had risen with his own ventures, and which now involved an additional two hundred thousand how could he protect those? The shares were hypothecated and the money was used for other things. Additional collateral would have to be furnished the several banks carrying them.
Then slowly in my mind gathered this group of words: Art is that imaginative expression of human energy, which, through technical concretion of feeling and perception, tends to reconcile the individual with the universal, by exciting in him impersonal emotion. And the greatest Art is that which excites the greatest impersonal emotion in an hypothecated perfect human being. Impersonal emotion!
Frank did not explain to his father, however, that he had hypothecated the certificates this check had paid for, and used the check itself to raise money enough to pay the Girard National Bank and to give himself thirty-five thousand in cash besides. "Well, I declare!" replied the old man. "You'd think he'd have better sense than that. That's a perfectly legitimate transaction.
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