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Updated: June 4, 2025
The parents, on the other part, said that they had not so much ready money. Franklin civilly suggested that they could get it by mortgaging their house; they firmly declined. The negotiation thereupon was abandoned.
It is easy to understand why the negro rarely gets ahead in the world. This mortgaging of future services, which is practically what a pledge of the growing crop amounts to, is in the nature of bondage.
Last winter he advertised for sealed proposals to erect a pair of shoes for him, and when the bids were opened it was found that a local architect in leather had secured the contract, and after mortgaging his house to a Milwaukee tannery, and borrowing some money on his diamonds of his "uncle," John Comstock, who keeps a pawnbrokery there, he broke ground for the shoes.
In all probability, he spent all that remained from the sale of his real estate in Chicago, and more which he borrowed in New York by mortgaging his other holdings in Cook County. And not least among his assets was the constant companionship of Mrs. Douglas, whose tact, grace, and beauty placated feelings which had been ruffled by the rude vigor of "the Little Giant."
In a time of special stress, when a defalcation of sixty-five thousand dollars threatened to crush Temple College just when it was getting on its feet, for both Temple Church and Temple College had in those early days buoyantly assumed heavy indebtedness, he raised every dollar he could by selling or mortgaging his own possessions, and in this his wife, as he lovingly remembers, most cordially stood beside him, although she knew that if anything should happen to him the financial sacrifice would leave her penniless.
Some imagine that only those who are rescued, or at least those who have managed to convey word to the missionaries that they desire to be rescued, are the literal slaves, and that those left behind are free. Such is not the case. It is through the misfortune of debt, and in countries where Chinese women are cheap, that this mortgaging of the person takes place.
He had a bland voice which irritated me like sugar sauce put upon horse-radish. "It cannot be done without mortgaging ourselves up to our ears or our eaves. I maintain that the hospital can better bear to turn off patients than to turn on debt." "And I maintain," I cried, tempestuously, "that this hospital cannot bear to do either!
But a few experiments showed to land-owners and capitalists the enormous advantages of irrigation, and now this scheme has sufficient capital behind it, and large land-holders are offering subsidies and mortgaging their lands to raise means to hasten the completion of the canal.
By strict attention to business they can catch all the whitefish out of the lake a little faster than the State machine can put them in. Poor people cannot get a smell of whitefish. The same may be said of brook trout. While they will bite a hook, it requires more machinery to catch them than ordinary people can possess without mortgaging a house.
At one time, also, she went in great haste to a lawyer in the village, and with his assistance raised three thousand dollars on a mortgage on her house, mortgaging it very nearly to its full value. In vain he represented to her that, in case the house should chance to stand empty for a year, she would have no money to pay the interest on her mortgage, and would lose the property.
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