"Insolvency" Quotes from Famous Books
 ... that I am now lecturing for my own benefit. This is an error. I intend the lectures as well as the property for the creditors. The law recognizes no mortgage on a man's brain, and a merchant who has given up all he has may take advantage of the laws of insolvency and start free again for himself. But I am not a business man, and honor is a harder master than the law. It cannot compromise for less than 100 cents on the dollar and its debts never outlaw. From ...
— Mark Twain, A Biography, 1835-1910, Complete - The Personal And Literary Life Of Samuel Langhorne Clemens • Albert Bigelow Paine
... could be offered to be lent, which the productive classes would not be willing to borrow, at any rate of interest which would afford them the slightest excess of profit above a bare equivalent for the additional risk, incurred by that transaction, of the evils attendant on insolvency. The only assignable limit to the inclination to borrow, is the power of giving security: the producers would find it difficult to borrow more than an amount equal to their own capital. If more than half the capital of the country ...
— Essays on some unsettled Questions of Political Economy • John Stuart Mill
... whilst Mr Davitt betook himself to the United States, without either of them making a single speech or publishing a single suggestion to the tenants how they were to guard themselves against the "inflated prices" and the national insolvency they had been threatening them with. Having destroyed the plans of the National Directory for testing the Purchase Act they had no guidance of their own to offer. The tenants were left leaderless, to make their own bargains as best ...
— Ireland Since Parnell • Daniel Desmond Sheehan
... increase of taxation and an increase of debt; and at the beginning of 1797 the directors of the Bank of England, in dire perplexity, told Pitt that the state, for all his expedients, was threatened with insolvency. Pitt did not falter. An order in council was issued, suspending cash payments at the bank. Thus was established a gigantic system of paper credit, giving us power to cope with no less gigantic foes. Cash payments were not ...
— The World's Greatest Books, Vol X • Various
... Railway or Hill line, now completing its main artery to the Pacific—were far-reaching enough in themselves to bring the Union Pacific upon evil days. Consequently few were surprised when, under the great pressure of the panic of 1893, the property was forced to confess insolvency. The Union Pacific had simply repeated the story of most American railroads; it had been constructed in advance of population and had to pay the penalty. Yet it had more than justified the hopes of the daring spirits who projected it. It may have made individuals bankrupt, ...
— The Railroad Builders - A Chronicle of the Welding of the States, Volume 38 in The - Chronicles of America Series • John Moody
... a usurper. We ourselves made the Rajah of Oude into a king; we ourselves more than once saved the supreme Shah (i. e. the Great Mogul) from military ruin, and for many a year saved him and his from the painful condition of insolvency. But all this is said in the way of parenthesis. In another number, a sketch of our Indian Empire, in its growth and early oscillations, may be presented to the reader, specially adapted to the ...
— The Uncollected Writings of Thomas de Quincey—Vol. 1 - With a Preface and Annotations by James Hogg • Thomas de Quincey
... sheet of paper, Crookey,' said Mr. Price to the attendant, who in dress and general appearance looked something between a bankrupt glazier, and a drover in a state of insolvency; 'and a glass of brandy-and-water, Crookey, d'ye hear? I'm going to write to my father, and I must have a stimulant, or I shan't be able to pitch it strong enough into the old boy.' At this facetious speech, the young boy, it is almost ...
— The Pickwick Papers • Charles Dickens
... Avenue but in Wall Street. Some people said he had speculated unfortunately in railways, others that he was being bled by one of the most insatiable members of her profession; and to every report of threatened insolvency Beaufort replied by a fresh extravagance: the building of a new row of orchid-houses, the purchase of a new string of race-horses, or the addition of a new Meissonnier ...
— The Age of Innocence • Edith Wharton
... an error. I intend the lectures, as well as the property, for the creditors. The law recognizes no mortgage on a man's brains, and a merchant who has given up all he has may take advantage of the laws of insolvency and may start free again for himself. But I am not a business man, and honor is a harder master than the law. It cannot compromise for less than one hundred cents on a dollar, and its debts ...
— Innocents abroad • Mark Twain
... Republic had been in existence as an independent State for twelve years when it reached that condition of insolvency which appeared to invite, or at least justify, annexation, as the only alternative to complete ruin and chaos. And there are very few, even among the most uncompromising supporters of the Boers, who seriously ...
— The Transvaal from Within - A Private Record of Public Affairs • J. P. Fitzpatrick
... best interests at heart. Their statements will be confirmed, I know, by the lawyers who are engaged in settling up the estate of your father. Do not, I beg of you, inquire too closely into the details of your father's insolvency." ...
— The Crevice • William John Burns and Isabel Ostrander
... to sue for only an aliquot part, determined by the number of sureties who are solvent at the commencement of the action: so that if one of them is insolvent at that time the liability of the rest is proportionately increased. Thus, if one fidejussor pay the whole amount, he alone suffers by the insolvency of the principal debtor; but this is his own fault, as he might have availed himself of the letter of Hadrian, and required that the claim should be reduced to ...
— The Institutes of Justinian • Caesar Flavius Justinian
... United States, and what would be the course with what they really have there? Their notes are refused. Cash is called for. The inhabitants of the banking towns will get what is in the vaults, until a few banks declare their insolvency; when, the general crush becoming evident, the others will withdraw even the cash they have, declare their bankruptcy at once, and leave an empty house and empty coffers for the holders of their notes. In this scramble of creditors, the country gets nothing, the towns but little. What are they ...
— Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson - Volume I • Thomas Jefferson
... he sustains at present, having, during the decade which has passed since his assumption of the office, contributed in no small measure to the present efficient organization and very gratifying prosperity of the school. In May, 1858, he was appointed Judge of Probate and Insolvency for Bristol county, holding the office twenty-five years, and resigning ...
— The New England Magazine Volume 1, No. 3, March, 1886 - Bay State Monthly Volume 4, No. 3, March, 1886 • Various
... nothing about days of grace, protests, insolvency, expansions, and the other technical terms with which Wall Street is familiar. He can take no explanation of broken promises, especially when those promises are made by individuals who claim to represent the Great Father at Washington. In this case the Sioux lost all confidence ...
— Camp-Fire and Cotton-Field • Thomas W. Knox
... be legal tender. An inconvertible paper which is legal tender is universally admitted to be money; in the French language the phrase papier-monnaie actually means inconvertibility, convertible notes being merely billets a porteur. An instrument which would be deprived of all value by the insolvency of a corporation can not be money in any sense in which money is opposed to credit. It either is not money, or it ...
— Principles Of Political Economy • John Stuart Mill
... the service. During the Restoration he was, in turn, cow-keeper on the rue du Petit-Banquier, keeper of a livery-stable, and cabman. As cow-keeper, Vergniaud, having a wife and three sons, being in debt to Grados, and giving too generously to Chabert, ended in insolvency; even then he aided Luigi Porta, again in trouble, and was his witness when that Corsican married Mademoiselle di Piombo. Louis Vergniaud, being a party to the conspiracies against Louis XVIII., was imprisoned for his share in these crimes. [Colonel ...
— Repertory Of The Comedie Humaine, Complete, A — Z • Anatole Cerfberr and Jules Franois Christophe
... deceived him. His debts in College, though not great, were increasing[236]; and his scanty remittances from Lichfield, which had all along been made with great difficulty, could be supplied no longer, his father having fallen into a state of insolvency. Compelled, therefore, by irresistible necessity, he left the College in autumn, 1731, without a degree, having been a member of it little ...
— Life Of Johnson, Vol. 1 • Boswell, Edited by Birkbeck Hill
... did any in Barkington guess the doubts and fears, the hopes and despondencies, which agitated and tore the heart and brain that schemed, and throbbed, and glowed, and sickened by turns beneath that steady modulated exterior. And so for months and months he secretly battled with insolvency; sometimes it threatened in the distance, sometimes at hand, but never caught him unawares: he provided for each coming danger, he encountered each immediate attack. But not unscathed in morals. Just as matters looked brighter, came a concentration of liabilities ...
— Hard Cash • Charles Reade
... on a man's brain, and a merchant who has given up all he has may take advantage of the laws of insolvency, and start free again for himself; but I am not a business man, and honor is a harder master than the law. It cannot compromise for less than a ...
— Stories of Authors, British and American • Edwin Watts Chubb
... of General Domingo Moriones (1877-80), it was resolved to listen to the overwhelming complaints from the North, and pay up to date in coin. But, to do this, Spain, always in a state of chronic insolvency, had to resort to an abominable measure of disloyalty. The funds of the Deposit Bank (Caja de Depositos) were arbitrarily appropriated, and the deposit-notes, bearing 8 per cent. interest per annum, held by private persons, most of whom were Government ...
— The Philippine Islands • John Foreman
... some who use it it is near akin to the truth, fails to explain that truth to those who did not know it before; the Word 'idea,' is so often used in these subjects when people do not know anything else to say; it represents so often a kind of intellectual insolvency, when philosophers are at their wits' end, that shrewd people will never readily on any occasion give it credit for meaning anything. A wise explainer must, therefore, look out for other words to convey what he has to ...
— English Critical Essays - Nineteenth Century • Various
... and Dolabella are my pupils in rhetoric, but my masters in the art of dining. For I think you must have heard, if you really get all news, that their practice is to declaim at my house, and mine to dine at theirs. Now it is no use your making an affidavit of insolvency to me: for when you had some property, petty profits used to keep you a little too close to business; but as things are now, seeing that you are losing money so cheerfully, all you have to do, when entertaining me, is to regard yourself as accepting a "composition"; and even that loss is less annoying ...
— Letters of Cicero • Marcus Tullius Cicero
... named Mount Gwynne, after his Honour, Justice Gwynne), 186 degrees. North side of the creek, to another hill about two miles and a half off (which I have named Mount Mann, in memory of the late Commissioner of Insolvency), 249 degrees. Central Mount Stuart bears 131 degrees to the highest point. At the north-west termination of the next range, to which I shall now go, there are two very large hills, the north one, which is the highest, I have named Mount Strzelecki, after Count ...
— Explorations in Australia, The Journals of John McDouall Stuart • John McDouall Stuart
... obliged to provide means to continue the war against the English, who continually harassed the French on their own territory. The tax on merchandise not being sufficient for this war, the payment of public debts contracted by the government was suspended, and the State was thus obliged to admit its insolvency. The mint taxes, called seigneuriage, were pushed to the utmost limits, and the King levied them on the new coin, which he increased at will by largely alloying the gold with base metals. The duties on exported and ...
— Manners, Custom and Dress During the Middle Ages and During the Renaissance Period • Paul Lacroix
... was at this point, according to Valori, that the King burst forth into audible ejaculations of a lamentable nature. There is no getting over, then, even to Brandenburg, and in an insolvent condition. Not open insolvency and bankrupt disgrace; no, ruin, and an Austrian jail, is the one outlook. "O MON DIEU, O God, it is too much (C'EN EST TROP)!" with other the like snatches of lamentation; [Valori, i. 104.] which are not ...
— History of Friedrich II. of Prussia, Vol. XII. (of XXI.) • Thomas Carlyle
... him. Ten years before he had been one of the largest and richest gunmakers in Birmingham, but a long run of commercial bad luck had sapped his great fortune, and had finally driven him into the Bankruptcy Court. The death of his wife on the very day of his insolvency had filled his cup of sorrow, and he had gone about since with a stunned, half-dazed expression upon his weak pallid face which spoke of a mind unhinged. So complete had been his downfall that the family would have been reduced to ...
— The Doings Of Raffles Haw • Arthur Conan Doyle
... I may fairly claim that I had a good deal to do with developing the equity system in the courts of Massachusetts, and with developing the admirable Insolvency system of Massachusetts, which is substantially an equity system, from which the United States Bankruptcy statutes have been ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... man sheltered beneath God's wing. The physical external event may be entirely the same to him as to another who is not covered with His feathers. Here are two partners in a business, the one a Christian man, and the other is not. A common disaster overwhelms them. They become bankrupts. Is insolvency the same to the one as it is to the other? Here are two men on board a ship, the one putting his trust in God, the other thinking it all nonsense to trust anything but himself. They are both drowned. Is drowning the same ...
— Expositions Of Holy Scripture - Volume I: St. Luke, Chaps. I to XII • Alexander Maclaren
... other hand, the column of insolvency, I considered that the West Wallen Doctor's bill was an expression of modesty itself. The sum due my Dear Madeline for "board," at two dollars and a half per week, though I trusted it was some compensation for the merely ...
— Cape Cod Folks • Sarah P. McLean Greene
... expression, to wrong a laborer of his hire. We have men who go in debt to tradesmen perhaps without a thought of paying them; but when we speak of such a one who has descended into the lowest mire of insolvency, we say that he has not paid his washerwoman. Out there in the West the washerwoman is as fair game as the tailor, the domestic servant as the wine merchant. If a man be honest he will not willingly take either goods or labor without payment; and it ...
— Volume 1 • Anthony Trollope
... 16. In case of insolvency, or if any sentence of imprisonment is passed against the President, the Volksraad shall be able to dismiss ...
— Selected Official Documents of the South African Republic and Great Britain • Various
... pit of insolvency there went all that was fetched by the sale of the stock and the goodwill of the business and all that Mrs. Ransome had put into the business, including what she had saved out of her tiny income. As for Ranny's savings and the sum he ...
— The Combined Maze • May Sinclair
... insolvency was not due to tolls being too low is evident from the fact that a petition was presented to the trustees, setting forth that the tolls were so high as to drive the traffic off the road. Eightpence per horse at both gates was a considerable sum between Royston and Kisby's Hut. Again and again ...
— Fragments of Two Centuries - Glimpses of Country Life when George III. was King • Alfred Kingston
... to Madame Jouberthon was the only cause of this disagreement. The Emperor disapproved of this union because the lady's reputation was somewhat doubtful, and she was also divorced from her husband, who had become insolvent, and had fled to America. This insolvency, and the divorce especially, offended Napoleon deeply, who always felt a great ...
— The Private Life of Napoleon Bonaparte, Complete • Constant
... if I were in your place," Gresham hastily assured him with such heartiness as he could assume. "I am delighted to learn that the rumor I heard of Mr. Gamble's insolvency ...
— Five Thousand an Hour - How Johnny Gamble Won the Heiress • George Randolph Chester
... intimated thou wert leaving a place where sin was not, to go where it abounded. There is one place, however, we may always be sure of finding the divine atom whether we be in seclusion or abroad; 'tis in our own heart and called before the ages, 'Holy Ghost.' Many of us fail to recognize it; others cry 'insolvency'; but the better part draw on it with confidence. It honours our call and gives us on demand, conscience, with which we can withstand all sin if we ...
— Mistress Penwick • Dutton Payne
... very definition usury was gain without risk as opposed to profit from a trading partnership, which, as we shall see presently, consisted of gain coupled with the risk of loss. It could not be lost sight of, however, that in fact there might be a risk of the loan not being repaid through the insolvency of the borrower, or some other cause, and the question arose whether the lender could justly claim any compensation for the undertaking of this risk. 'Regarded as an extrinsic title, risk of losing the principal is connected with the ...
— An Essay on Mediaeval Economic Teaching • George O'Brien
... on the recruiting service, I was nabbed on another score. And all the satisfaction my first captor has been able to obtain, is a writ of detainer, which, I believe, will fix me in this place, until the parliament, in its great goodness, shall think proper to discharge my debts by a new act of insolvency." ...
— The Adventures of Peregrine Pickle, Volume I • Tobias Smollett
... carcases were yet unfinished. The man who had bought the brick and mortar skeletons had gone through the bankruptcy court while the paper-hangers were still busy in Brigsome's Terrace, and had whitewashed his ceilings and himself simultaneously. Ill luck and insolvency clung to the wretched habitations. The bailiff and the broker's man were as well known as the butcher and the baker to the noisy children who played upon the waste ground in front of the parlor windows. Solvent tenants ...
— Lady Audley's Secret • Mary Elizabeth Braddon
... have so many kind inquiries to make, and so many pleasant things to say, that, for the life of you, you cannot stiffen up as you ought to do. Some haunting recollection of a bad affair of cards, or some awkward circumstances attending an insolvency, will come across your mind, and make you wish the fellow in the next street; but, unluckily, there he is, cheerful, even funny, talking of all sorts of respectable things, such as the state of the money-market, and what Sir George said ...
— Chambers's Edinburgh Journal, No. 431 - Volume 17, New Series, April 3, 1852 • Various
... conduct; or, in other words, bringing him to a public trial; but this degree of protection is extended only to the native of domestic slave. Captives taken in war, and those unfortunate victims who are condemned to slavery for crimes or insolvency, and, in short, all those unhappy people who are brought down from the interior countries for sale, have no security whatever, but may be treated and disposed of in all respects as the owner thinks proper. It sometimes happens, indeed, when ...
— Life and Travels of Mungo Park in Central Africa • Mungo Park
... his income may be extended to five, by virtue of credit and credulity. If he comes out very early in life, say eighteen, he will scarcely expect to be visible at twenty-four; but if he does not appear until he is twenty-one, and then lives all his days, he may die fairly of old age, infirmity, and insolvency, at twenty-six. His topographical knowledge of town is bounded by the fashionable 218directory, which limits his recognition, on the north, by Oxford-street, on the east, by Bond-street, on the south, by Pall Mall, ...
— The English Spy • Bernard Blackmantle
... on the same day, which decided to accept banknotes as legal tender for any amount. Thus a crash was averted. But Fox, Sheridan, and the Opposition ably accused Pitt of leading his own country to the brink of bankruptcy, even while he proclaimed the imminent insolvency of France. They thundered against the export of gold to the Emperor, and demanded a searching inquiry into the high-handed dealings of the Minister with the Bank and with national finance. "We have too long had a confiding House of Commons," exclaimed Fox; "I want now an inquiring ...
— William Pitt and the Great War • John Holland Rose
... (from whatever cause it may arise) is more likely to be avoided than any severe course towards the inhabitants: as the former fault was, besides the deprivation of office, attended with two imprisonments, with a menace of death, and an actual death, in disgrace, poverty, and insolvency; whereas the latter, namely, the oppression, and thereby the total ruin, of the country, charged on the second administrator, was only followed by loss of office,—although, he, the said Warren Hastings, ...
— The Works of the Right Honourable Edmund Burke, Vol. VIII. (of 12) • Edmund Burke
... the thought that I must submit to the tyranny of a band of robbers. I determined to fight to the last. Four years of business at a net loss, drove me into insolvency; then a mortgage was placed upon my freehold, to be followed by foreclosure. I still struggled on, under the delusion that I was in a free land and that the Trust iniquities would not be permitted to crush the individual citizen forever. The decision of the courts of the several ...
— The Transgressors - Story of a Great Sin • Francis A. Adams
... has prospered him, and he will see that the Lord will act according to what is contained in this verse. If pride constrain us to give, if self-righteousness make us liberal, if natural feeling induce us to communicate, or if we give whilst we are in a state of insolvency, not possessing more perhaps than ten shillings in the pound, were our creditors to come upon us; then we cannot expect to have this verse fulfilled in our experience; nor should we give at any time for the sake of receiving again from others, according to ...
— The Life of Trust: Being a Narrative of the Lord's Dealings With George Mueller • George Mueller
... right to refuse to perform a duty than to refuse to pay a debt. Moral insolvency is certain to him who neglects and disregards his duty to his fellow-men. Nor can we hire another to perform our duty. The mere accident of having money does not release you from your duty to the world. Nay, it increases it, for ...
— Architects of Fate - or, Steps to Success and Power • Orison Swett Marden
... spoils!" was a cry rebuked from the first. For the vanquished of Pharsalia there was not only amnesty, but admission to the highest grades of the public service, if they would bury their old grudge and recognize the government. Pauperism among the lower class, and insolvency among the upper—ulcers not admitting of a radical cure—were treated with judicious palliatives. Taxation was reduced, expenditure was increased, and yet the balance in the treasury at Caesar's death was tenfold what it had ever been before—a proof of the frightful waste and corruption ...
— Great Men and Famous Women. Vol. 1 of 8 • Various
... settlement of the estates of deceased persons and the appointment and superintendence of guardians and similar agents of the law, and proceedings in insolvency, there are in many States special courts, known as Courts of Probate, Surrogate's Courts, or Orphans' Courts, and Courts of Insolvency. In others these functions belong ...
— The American Judiciary • Simeon E. Baldwin, LLD
... traditions in the West of Scotland; and these, in 1824, he collected into a volume, with the title, "Tales of a Grandmother," which was published by subscription. In the following year the tales, with some additions, were published, in two duodecimo volumes, by Constable and Co.; but the subsequent insolvency of the publishing firm deprived the author of the profits of the sale. Crawford, along with two literary coadjutors, next started a weekly serial at Ayr, entitled The Correspondent, but the publication, in the course of a few months, was abandoned. ...
— The Modern Scottish Minstrel, Volume VI - The Songs of Scotland of the Past Half Century • Various
... the insolvency of the Second National Bank of New York, for a very large sum, became public, and the alleged gross misconduct of the president of that bank, John C. Eno, became a matter of public notoriety. Steps were taken by the officers and stockholders of ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman
... roads and president of one of them. His connection with the Bellefontaine and Indiana Railroad is noticeable from the fact that it was by his sagacity and unwearied energy, ably assisted by the late Governor Brough, as general manager, that the company was raised from absolute insolvency to a high rank among dividend paying lines. Mr. Witt had gone into the undertaking with a number of other Clevelanders, had all but lost his entire investment, but had never lost faith in the ultimate success of the line, or flagged for an instant in his efforts to bring about that ...
— Cleveland Past and Present - Its Representative Men, etc. • Maurice Joblin
... been very different, and the insolvency of many provincial Banking Companies, of the most established reputation for stability, has greatly distressed the country, and alarmed London itself, from the necessary reaction of their misfortunes upon their correspondents ...
— Political Pamphlets • George Saintsbury |
