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The kindly words and looks, the cordial grasp of the hand, and the temporary loan occasionally, of those who stood by me when scarcely sane from overwork, trouble, and, worse than all, from insomnia, can never be forgotten while a trace of memory is left. Soon after my insolvency there came a date when all my interests in my books then published must be sold to the highest bidder.
'Regarded as an extrinsic title, risk of losing the principal is connected with the contract of mutuum, and entitles the lender to some compensation for running the risk of losing his capital in order to oblige a possibly insolvent debtor. The greater the danger of insolvency, the greater naturally would be the charge.
Insolvency, instead of leading in due time to a meeting of creditors or at any rate to a liquidation which might at least place matters once more on a clear footing, was ordinarily prolonged by the debtor as much as possible; instead of selling his property and especially his landed estates, he continued to borrow and to present the semblance of riches, till the crash only became the worse and the winding-up yielded a result like that of Milo, in which the creditors obtained somewhat above four per cent of the sums for which they ranked.
He wasted what he would; he allowed his servants to despoil him at their pleasure; he sowed insolvency; and when the crop was ripe, notified his father with exasperating calm. His own capital was put in his hands, he was planted in the diplomatic service and told he must depend upon himself.
In vain Turgot and his contemporaries of the industrial type, represented in England by Adam Smith or even by the younger Pitt, explained that unless taxes were equalized and movement accelerated, insolvency must supervene, and that a violent readjustment must follow upon insolvency.
He knew it was considerably beyond what the land was worth, and he did not wish that any tenant coming upon his estate should have no other prospect than that of gradually receding into insolvency. "I cannot give you any answer now," said he to Peter; "but if you will call in a day or two I shall let you know my final determination."
As far as I'm known at all, I'm known simply as a syndicate man, and nobody in the press believes that I've got the money to run the thing on a grand scale; a suspicion of insolvency must attach to it sooner or later, and the fellows on the press will work up that impression, sooner or later, if we don't give them something else to work up.
Scarcely had this alliance taken place, and the full career of nuptial enjoyments begun, when his ill fate exposed him to the frauds of Welbeck, and brought him, in one evil hour, to the brink of insolvency. Jamieson and Thetford, however, were rich, and I had not till now been informed that they had reasons for pursuing Welbeck with peculiar animosity.
His nerve centres of judgment and will have not been employed in solving the problems of life, but in maintaining his own solvency by the insolvency of others. He trades upon sorrow and draws a livelihood from misfortune. He transmutes tears into treasure, and from nakedness and hunger garbs himself in clean linen and develops the round of his belly. He is a bloodsucker and a vampire.
Of the impropriety of its returning to the Nabob, Mr. Benfield would now again argue from his former observations, that, under his Highness's management, his country declined, his people emigrated, his revenues decreased, and his country was rapidly approaching to a state of political insolvency. Of Seyd Assam Cawn we judge only from the observations this letter already contains.
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