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Updated: June 4, 2025
Sober-minded Egyptians became increasingly alarmed at the way Ismail was mortgaging Egypt's independence by huge European loans and sucking its life-blood by merciless taxation. Inspired consciously or unconsciously by the Western concepts of "nation" and "patriotism," these men desired to stay Ismail's destructive course and to safeguard Egypt's future.
When current prices permitted it, a little copper had been worked from time immemorial in the depths of Crosbie Fell, so Geoffrey, continuing where his grandfather had ceased, drove the ancient adit deeper into the hill, mortgaging field by field to pay for tools and men, until, when the little property had well-nigh gone, he came upon a fault or break in the strata, which made further progress almost impossible.
He began to talk of mortgaging a farm or two, though it never actually came to that. She made tentative efforts at remonstrating with him. Her father, whom she saw now and then, said that Edward was much too generous to his tenants; the wives of his brother officers remonstrated with her in private; his large subscriptions made it difficult for their husbands to keep up with them.
"I raised the money by mortgaging my plantation and what other property I had left for all the money I could get upon it to a wealthy Englishman, the one who came to Mobile with us from Nassau, to obtain the cargoes for this steamer.
They gave the working classes facilities for running into debt, and for mortgaging their future industry. A few men, desirous of making money, would form themselves into a Loan Club, and offer sums of money ostensibly at five per cent, interest, repayable in weekly instalments. The labouring people eagerly availed themselves of the facility for getting into debt.
At the house of the Country Squire the Bibliotaph was able to gratify his passion for croquet, and verily he was a master. But it was vastly more amusing to watch him than to play with him. He had a devil 'most undoubted. Only with the help of black art and by mortgaging one's soul would it have been possible to accomplish some of the things which he accomplished.
On a further conversation, however, I learned he had near double the sum he had mentioned, in ready money, and that his principal business in town was to invest in good city securities. He professed himself willing, however, to lend me half, in order to help along a kinsman he liked. I did not at all relish the notion of mortgaging Clawbonny, but John soon laughed and reasoned me out of that.
From the nearest bank, at El Ojo, he had borrowed heavily, mortgaging his outfit. With the proceeds he had leased adjoining lands so that now his stock grazed over ten thousand acres; he had also bought and imported a finer strain of cattle. With the market what it was he was bound to make his fortune, hand over fist "If they'd only leave me alone!" he exclaimed hotly. "They?" queried Kendric.
The Governor and his subservient Council acted both as prosecutors and judges. The prisoners were accused of instigating the war with the savages, of counselling the mortgaging of Manhattan to the English, and of threatening Kieft with personal violence. The case was speedily decided and sentence was pronounced. Stuyvesant wished Melyn to be punished with death and confiscation of property.
As for mortgaging or pawning, it will little mend the matter: for either men will not take pawns without use; or if they do, they will look precisely for the forfeiture. I remember a cruel moneyed man in the country, that would say, The devil take this usury, it keeps us from forfeitures, of mortgages and bonds.
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