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Updated: June 25, 2025
"Surely, surely, Mr. de la Molle," said the younger man with some irritation, for the old gentleman's somewhat magnificent manner rather annoyed him, which under the circumstances was not unnatural. "Surely you do not want to consult a legal adviser to make up your mind as to whether or no you will allow a foreclosure. I offer you the money at four per cent.
Punctually to the day, this was done, and the business of Lucas, Turner & Co., of San Francisco, was discontinued, except the more difficult and disagreeable part of collecting their own moneys and selling the real estate, to which the firm had succeeded by purchase or foreclosure.
And yet if the truth be told his own situation had not improved in fact, it had grown steadily worse. Only one payment of interest had been made on the mortgage and the owner was already threatening foreclosure proceedings.
There was a peculiar pathos in his tone so much so that Pawson, who had been standing, settled into a chair beside him that his answers might, if possible, be the more intimate and sympathetic. "I'm afraid he is. The only hope is the postponement in some way of the foreclosure of the mortgage on this house until times get better. It wouldn't bring its face value to-day."
The West Shore Railroad, a competing line running along the west bank of the Hudson River, was bankrupted by him, and finally, in 1883, bought in under foreclosure proceedings.
This was the commencement of Van Tassel's hostile attitude; and things had gone as far as a foreclosure, and an advertisement for a sale, when the good woman thus opportunely discovered her son! I charge you by the law, Whereof you are a well-deserving pillar, Proceed to judgment: by my soul I swear There is no power in the tongue of man To alter me: I stay here on my bond. Shylock.
I hold the mortgage, and you need not fear another foreclosure." Some moments passed after this announcement before Mr. Gray's mind became clear, and his entire self-possession returned; then grasping the hand of Mr. Bolton, he thanked him with all the eloquence a grateful heart inspires. It was the happiest moment the old merchant had seen for years.
But this did not help the man who wanted to raise money, for as security they could not be hypothecated for more than seventy per cent. of their market value, and they were not selling at par, but at ninety. A man might buy or accept them in foreclosure, but he had a long wait.
The most he accomplished was an agreement, on the part of his creditor, that the foreclosure might be delayed two or three weeks, provided there was a good prospect of the money being obtained. In ordinary times he would have had no difficulty; but, as Mr.
But Sergeant York, before he went to war, had given an option one over which he was showing deep concern. His mountain sweetheart was to "have him for the taking when he got back." So it was mutually amicably arranged that the foreclosure proceedings should take place in Pall Mall on June 7th, and their bridal tour would be to Nashville.
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