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Updated: May 23, 2025
No, I refused but I did accommodate him to the extent of doing him out of his own block. He'd mortgaged everything to buy shares, and when he was where I wanted him, all tied up with loans and not able to borrow another cent, I told the mine people what Severance was trying to do.
Other school friends had also claimed him, but his time was now mortgaged to the office, and by degrees correspondence and intimacy languished or, rather, changed.
The one is like a young heir coming to a large improvable estate; the other like an old man whose chances are over, and his estate mortgaged for half its worth. In the second number of the Crisis, which I find has been republished in England, I endeavored to set forth the impracticability of conquering America.
Details of course vary, and not all, like Frank, need three loans at least in the season to keep them going. But of late years farming has been carried on in such an atmosphere of loans, and credit, and percentage, and so forth, that no one knows what is or what is not mortgaged. You see a flock of sheep on a farm, but you do not know to whom they belong.
For this reason, you must beg Monsieur Hochon to keep an eye, as well as he can, on the condition of your uncle's property. It is necessary to know if the real estate is mortgaged, and if so, where and in whose name the proceeds are invested.
For reputation's sake, the old leader went down deep into his pocket, while Shelby tossed into the breach everything he realized from his mortgaged quarry interest which long outstanding debts did not require. Nor were these latter inconsiderable.
He was nominal owner of a large plantation, it is true; but the land was worn out, and mortgaged to the limit of its security value. His reputed droves of cattle and hogs had dwindled to a mere handful of lean and listless brutes.
And he could, too, for he's a born winner, is Eustis. Give him time and a good season and he'd be up again, stronger than ever." While he spoke he was taking from a drawer a handful of papers, which he spread out on the desk. She could see upon all of them a bold clear "James Eustis." "One place mortgaged to prop up another, and that in turn mortgaged to save a third. Like links in a chain.
Burton growled again unintelligibly. He strongly resented the sacrifice, though he could not deny that there was dire need for it. The family fortunes were at a very low ebb. His father's lands were mortgaged already beyond their worth, and he and his brother had been trained for nothing but a life of easy independence.
"You have not oh! you have not mortgaged the house?"
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