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Updated: June 7, 2025
He owns about half the town, besides the store. Rauskukle, his name is. He owns a lot of mortgages, and he gambles in farm-lands. Good nut on him, that fellow. Why, they say he's worth three or four hundred thousand dollars!
He has all the earmarks. Why, when he comes back to Coniston, them fellers'll hunt their holes like rabbits, mark my words." "You don't think " "Don't think what?" "I understand he holds the mortgages of some of them," said Wetherell. "Shouldn't blame him a great deal ef he did git tired and sell Chester out soon. This thing happens regular as leap year."
You was out to save, and not to lose, a life; that was proved to the satisfaction of the court." He paused and chuckled to himself, thinking he had been witty, and continued: "And I was that court, and my judgment was that the debt of that life you saved had to be paid to you within one calendar year, with interest at the usual per cent for mortgages on good security.
Quest's explanations, and then suddenly asked him when the first interest on the recently-effected mortgages came due. The lawyer mentioned a certain date. "Ah," said the Squire, "then it will have to be met; but it does not matter, it will be for the last time." Mr. Quest pricked up his ears and looked at him.
The security of mortgages is very generally impaired by legislation confining the creditor to only one remedy and delaying his possession under foreclosure. That is to say, in far Western States generally, he cannot take the land or other security, and at the same time sue the debtor in an action for debt for the amount due, or the deficiency. This, of course, makes of a mortgage a simple pledge.
Day after day he dog-trotted through a feverish Routine of unpacking and packing, and then climbing back to the superheated Day Coach among the curdled Smells. Every January 1st he did a Gaspard Chuckle when he checked up the total Get, for now he owned two Brick Buildings and had tasted a little Blood in the way of Chattel Mortgages. One of the partners in the Jobbing Concern happened to die.
These last consisted of stocks, and of bonds and mortgages, drawing interest, being on good farms in our own county. "Well. Miles, what do you mean to do with your ship," demanded Jack Wallingford, that evening. "I understand the freight for which you bargained has been transferred to another owner, on account of your late troubles; and they tell me freights, just now, are not very high."
I despise you, but I want money; and I will sell you my beloved daughter, Blanche Stiffneck, for a hundred thousand pounds, to pay off my mortgages. Let your son marry her, and she shall become Lady Blanche Pump and Aldgate. Old Pump and Aldgate clutches at the bargain. And a comfortable thing it is to think that birth can be bought for money. So you learn to value it.
And after a moment she sighed, "That is why I'm to be married in August." She stood a moment looking out of the window and cried, "Oh, John, John, isn't there some way out isn't there, John?" Barclay rose and limped to her and answered harshly: "Not so long as Bob is a fool no, Molly. If he wants to go mooning around releasing those farmers from their mortgages there's no way out.
And harder to leave than these cherished bits of landscape had been the old house Runnymede, that always seemed dozing in the peaceful comatose of senility. It was beyond the worry of debt; the succession of mortgages that sapped its vitality and wrote anxious lines on the faces of Aunt Adelaide and Aunt Martha was nothing to the old house.
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