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Updated: June 13, 2025
"Mademoiselle," said the Prince, gayly, "a little while ago, when I was passing through the rooms, I heard these words: 'Loan, discount, liquidation. Your father must have been there. Shall I go and seek him?" "I should be very grateful," said the young girl. "I will go." And turning lightly on his heels, happy to escape Jeanne's looks, Serge reentered the furnace.
"This expectation of exciting civil war in Brittany, La Vendee, and part of Normandy, coincided in time with the final wreck of the baron's fortune; and this wreck, coming at this time, led him to undertake an expedition to capture funds of the government which he might apply to the liquidation of the claims upon his property.
Whether this Government, with due regard to the rights of the States, has any power to constrain the banks either to resume specie payments or to force them into liquidation, is an inquiry which will not fail to claim your consideration.
Elkins, "has favored the policy of converting our holdings into cash, and letting the obligations we have floated stand solely on the assets by which they are secured. The rest of us have foreseen such rapid liquidation, as a certain result of such a policy, that not only would our town receive a blow from which it could never recover, but the investment world would suffer in the collapse."
He had without difficulty obtained a loan in Holland for the partial liquidation of the foreign debt; and, in consequence of the increasing confidence in the government, certificates of the domestic debt had greatly increased in value. He informed them that Kentucky was about to ask for admission into the Union as a sovereign state.
When in 1810 the question came up of renewing the charter of the first United States Bank, the Democratic-Republicans were bitter in their opposition; and so effective was the outcry that the bank went into liquidation, its place being taken by local banks. These issued notes so extravagantly that the currency of the country, as stated by Professor Sumner, was depreciated twenty-five per cent.
Its effects upon the solvent State banks, while it would force into liquidation those of an opposite character through its weekly settlements, would be highly beneficial; and with the advantages of a sound currency the restoration of confidence and credit would follow with a numerous train of blessings.
Some of these, such as certain functions of the former foreign Economic Administration and the War Manpower Commission, are still needed during the period of reconversion; others are in the process of liquidation.
As Mounier, with his friends, had dominated in the constitutional committee of thirty, and was now paramount in the new committee of eight, there was some prospect of a coalition, by which, in return for their aid in carrying the English model, the nobles would obtain easy terms in the liquidation of privilege. That is the parliamentary situation.
It could earnestly be desired that every bank not possessing the means of resumption should follow the example of the late United States Bank of Pennsylvania and go into liquidation rather than by refusing to do so to continue embarrassments in the way of solvent institutions, thereby augmenting the difficulties incident to the present condition of things.
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