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Updated: June 21, 2025
The smaller financial institutions followed the bigger ones. Stocks fell, the Exchange was closed, there was a money famine. Industrial concerns, dependent on the banks, failed by scores. Industrial paralysis, with railroad receiverships, laborers out of employment, riots and their accompaniments, showed how deep-seated had been the trouble.
After a while, when the thing was becoming too notorious, the court evinced a certain delicacy of feeling by bestowing sundry receiverships upon selected friends of McKenzie, instead of handing them all over to the chief. Many mine-owners did not attempt to develop their ground, fearful lest, it proving rich, the receivership jurisdiction would be thereto extended.
"He calculates," said Jim, "that if he begins operations, he can have receiverships and things of that kind in his interest, and in that way swipe the salvage. On the other hand, he must know that his loss would be proportioned to ours, and would be great. He's sore, and that counts for something.
Of such bearing are changes affecting bankruptcy and receiverships, limited liability, banking and currency, coalitions of laborers or employers, trusts and pools. The community's institutional furniture of this kind is of immediate consequence only to the propertied classes, and in proportion as they are propertied; that is to say, in proportion as they are to be ranked with the leisure class.
Within a week a dozen new suits were instituted against the Consolidated by its enemy. He harassed it by contempt proceedings, by applications for receiverships, and by other ingenious devices, which greatly tormented the New York operator.
A few days ago Judge Klein in our Circuit Court uncovered what we call "a graft" in the matter of building association receiverships. It was discovered that politics stepped into these affairs to get for certain political lawyers, good fees. There was a ring in the receiverships of these concerns. The commissioner in one case would be attorney in another.
Our Railroad Bill falls into the same class because it seeks to provide and make certain definite planning by the railroads themselves, with the assistance of the government, to eliminate the duplication and waste that is now resulting in railroad receiverships and continuing operating deficits.
Many railroads fell upon evil days and receiverships again became common. Naturally the railroad managers attributed these calamities to the fact that they were so constantly being regulated; but they probably pushed this claim too far, for the causes of their troubles were more complex.
What did he care for bonds and receiverships when the happy woods were at his elbow, the wild-flowers beckoning, his bird neighbors calling? Where I had appealed to Jerry through his imagination, Carmichael used only the formulæ of matter and fact.
Your interest in this bank demands a retraction of what you said at that meeting." "Why, I didn't know I had an interest in this bank," said Shirley in even tones. "In the years past, I have been shunted around from pillar to post, living on the few small fees received from receiverships and bankruptcy petitions. And I didn't think that I had banking interests.
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