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Updated: June 20, 2025
He'd never take a second mortgage." "Naw, naw, that ain't gonna be the way of it a-tall. It will be fixed so's Old Salt's mortgage won't go into effect till the first one's paid off." "But then till the first one is paid off maybe it will be three-four days Old Salt's five thousand will be unsecured." "It won't be unsecured. It won't go out of Saltoun's hands. He'll pay off the mortgage himself."
A committee composed of the dummy directors, who had allowed Eells to do what he would, discovered from the books that the bank had been looted and that Eells was a fugitive from justice. He had diverted the bank's funds to his own private uses, leaving only his unsecured notes; and Lapham, the shrewd fox, had levied blackmail on his chief by charging huge sums for legal service.
You must have left it ajar, unsecured, when you went out. And pray, what if Dr Ferguson had been some common tramp? That would have been a nice thing. 'I am quite certain, said Ada a little flatly, 'that I did shut the door. And cook says she never so much as stirred from the kitchen till I came down the area steps with the packet.
Day after day had passed; her union had remained unsecured, and the idea of its nullity had gradually ceased to be strange to her; till it became of little account beside her bold resolve for the young man's sake. The immediate effect upon St.
The Greek listened until the measured beat of Barndale's sculls had lost itself in silence. Then he crept forward from the bushes, stepped lightly to the margin of the stream, laid both hands on a sturdy branch which drooped above the house-boat, and swung himself light as a feather to the after deck The door of the rear room, which served the inmates as a kitchen, was unsecured and open.
Was it in any sense a misfortune for the people of America, even the poorest among them, that there was a man able to advance sixty-four thousand dollars out of his own purse, with no other security but his own faith in their cause, to pay his daily expenses while he was leading their armies? This unsecured loan was one of the very things, I doubt not, that helped to inspire general confidence.
And I thought that the sharp pitching of the vessel had cast the great bell from amidships, where I had seen the Danes place it unsecured, against the frail gunwale, first to one side, and then, with greater force yet, against the other; so that it burst open gunwale and planking below, and already she was filling when the wave came and ended all.
Bursley was staggered, especially when it learnt that the Bank, the inaccessible and autocratic Bank, was an unsecured creditor for twelve thousand pounds. Peake abandoned the Blackpool customer and drove off to consult his lawyer at Hanbridge; he stood to lose three hundred and fifty pounds, a matter sufficiently disconcerting.
No compromise for him, no evasions, no fallacious, unsecured promises to pay. He had drawn his cheque on the Bank of Expectation, and it had got to be cashed then and there; else he would yell, and yell himself into a fit, and come out of it and yell again. Yelling should be his profession, his art, his mission, his career.
Moreover, Basle 2 demands extra equity capital against operational risks such as rogue trading or bomb attacks. There is no trace of the discipline which financial markets can impose on lax or dysfunctional banks through their publicly traded unsecured, subordinated debt. Basle 2 is so complex, archaic, and inadequate that it is bound to frustrate its main aspiration: to avert banking crises.
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