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To meet his thoughtless expenditure, he raised money by promising to write books which he never began. He was perpetually discounting to-morrow, and mortgaging an estate already overburthened. Thus he died, as he had begun, poor, embarrassed, and in debt. At his death he owed over two thousand pounds: "Was ever poet," says Johnson, "so trusted before?"
To maintain this sort of life Lord Blessington raised large amounts of money, totaling about half a million pounds sterling, by mortgaging his different estates and giving his promissory notes to money-lenders. Of course, he did not spend this vast sum immediately.
Cortez was appointed captain general of the expedition, and at once set to work, with his accustomed energy, to gather material for it. He not only contributed all the fortune he had made, but raised funds by mortgaging his estates to their full value, and by borrowing money from merchants and others, on security of the wealth that was to be acquired by the expedition.
The final estimate now rose to fifteen millions, and, although some money was raised from time to time and new sections were built, there was no certainty that the entire road would ever be completed. Ultimately the State of New York canceled its claim against the property, new subscriptions of some millions were secured, and more money was raised by mortgaging the finished sections.
Mortgaging of crops was then in vogue, as it is to-day, and my mind revolts when I think of how my young life and the lives of my mother, sisters, and brothers were burdened with the constant grind of trying to eke out a living and, if possible, get even a little ahead. Some years, when conditions had been favorable, we were able to clear ourselves of debt and begin anew.
In spite, however, of order and provident management, Eremey Lukitch got by degrees into a very difficult position; he began at first by mortgaging his villages, and then was brought to the sale of them; the last ancestral home, the village with the unfinished church, was sold at last for arrears to the Crown, luckily not in the lifetime of Eremey Lukitch he could never have supported such a blow but a fortnight after his death.
The lawyer smiled and bowed. "Thank you for your candor," he remarked. "In such a case as yours the plain truth is best, although it is hardly palatable. Your father is an absolutely ruined man. He can not possibly repay the six thousand pounds which he has borrowed. He obtained the money from my client by mortgaging the Firs to him.
The first Minister of Finance appointed, threw up his portfolio in despair. Lamartine refused to sanction any arbitrary means of raising money. At last, by giving some especial privileges and protection to the Bank of France, and by mortgaging the national forests, a sufficient sum was provided for immediate needs.
Walker could not tell, and indeed wiser men than he could not have told, but he presently found himself opening his heart to this new doctor, as he had never opened it to anybody in all his life, how he had married Jenny, how they had gone to the new country, the birth of the boy and the girl, the slow coming on of disease, the selling of Fleety, and the mortgaging of the farm.
His wife and his young daughters viewed him with terror, and the life they led was a perpetual nightmare because of the bestial carousings in which their father engaged, wasting his money and mortgaging his estates until the end of his wild career was in plain sight. There happened to be stationed at Clonmel a regiment of infantry in which there served a captain named Maurice St. Leger Farmer.
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