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Should the insolvent be the owner of land in another State, the title to this can only be transferred in accordance with its law, and a foreign assignment in insolvency will be wholly ineffectual. Conn. Pipe Mfg Co., 71 Conn., 345; 41 Atlantic Reporter, 1057; 42 Lawyers' Reports Annotated, 706; 71 Am.
On the 16th of April, 1828, the partnership of Laurent and Balzac was dissolved, the former remaining as assignee. Balzac was dismayed. The menace of insolvency closed the horizon of all his hopes. He had wished to triumph without the aid of his family, to demonstrate that he could carry on a business and achieve a fortune.
Provincial insolvency and the absence of either a fleet or an army were urged by the Opposition. But the fighting party put forth all their strength and pleaded that delay meant reinforcements for Louisbourg and a good chance lost for ever. The vote would have been a tie if a member of the Opposition had not slipped and broken his leg as he was hurrying down to the House.
Not infrequently they forge notes to cover losses and in various ways manipulate funds to prevent the discovery of insolvency. As a rule the condition of the bank is brought about by the use of funds for speculation, with the intention of repaying from what seems to be a safe venture. Sometimes it comes through bad loans and unforeseen conditions.
Samuel Smiles, to whom we are indebted for much that is valuable in this work, has the following to say in this connection about duty: "Duty is a thing that is due, and must be paid by every man who would avoid present discredit and eventual moral insolvency. It is an obligation a debt which can only be discharged by voluntary effort and resolute action in the affairs of life.
One or two of the supposedly respectable and polished citizens such as Talbot Green and "honest Harry Meiggs" fell by the wayside. The confidence of the new community began to be shaken. In 1854 came the crisis. Three hundred out of about a thousand business houses shut down. Seventy-seven filed petitions in insolvency with liabilities for many millions of dollars.
The insolvency of the middle class of landholders gave rise to the formidable internal crises of the third and fourth centuries, amidst which it seemed as if the young republic could not but be destroyed.
The roughest methods were used; wooden plows, brush harrows, straw collars, grapevine harness, and poor shelter for animals and crops; but were the Virginia methods any better? In these operations there was apparently a good deal of sudden profit and mushroom prosperity accompanied by a good deal of debt and insolvency. In this, too, they were like the Virginians and Carolinians.
For a moment Crozier stood looking at the closed doorway through which Mona had gone, with a look of repentant affection in his eyes; but as the thought of his own helpless insolvency and broken hopes flashed across his mind, a look of dark and harassed reflection shadowed his face. He turned to the front doorway with a savage gesture.
Because Zola likes it that way. But perhaps he cares to show what tragical results are produced by illegitimate marriages? Not at all. He shares the doctor's and Clotilde's opinion. Were they married, there would be no drama, and the author wishes to have it. That is the reason. Then comes the doctor's insolvency. One must separate.
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