"Insolvency" Quotes from Famous Books
 ... this 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 ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman
... for adversity and its temptations! Not he, nor any man who prefers to be the slave of impulse rather than the child of reason. After a day's deliberation, he had resolved upon two things—first, not to expose himself to the pity or derision of men, as it might chance to be, by proclaiming the insolvency of his deceased father and secondly, not to risk the loss of Margaret, by acknowledging himself to be a beggar. His father had told him—he remembered the words well that she was induced to name ...
— Blackwood's Edinburgh Magazine, Volume 54, No. 337, November, 1843 • Various
... mentioned the subject to you, my child, but some months ago—when, as I have said, the tide was very low—I was led to consider that passage, and under the influence of it I went to my creditors and delivered up to them your box of jewels. You are aware, no doubt, that having passed through the insolvency court, and given up all that I possessed, I became legally free. This box was recovered from the deep, and restored to me after my effects had been given up to my creditors, so that I might have retained it. But I felt that ...
— Under the Waves - Diving in Deep Waters • R M Ballantyne
... question of the validity of his title would make him very nervous; once convinced of his mistake, he would hasten to another church, just as he would change his insurance policies, when satisfied of the insolvency of the company which had ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various
... unsuccessful conflicts, and to those who will ride by his side in triumph; to those who spent their fortunes in his quarrel, and to those who hope to gain or preserve fortunes by voting for his return. What course are men apt to pursue when they find themselves in a state of inextricable insolvency? Do they not endeavour to forget their creditors in general, and think only of taking care of themselves and their personal friends. Royalty does not extinguish human feelings. Let us consider its difficulties, and palliate while ...
— The Loyalists, Vol. 1-3 - An Historical Novel • Jane West
... elects him must answer for his conduct to the receiver-general of the election. But, as it might be troublesome for the receiver to prosecute the whole parish, he takes at his choice five or six of the richest contributors, and obliges them to make good what had been lost by the insolvency of the collector. The parish is afterwards reimposed, in order to reimburse those five or six. Such reimpositions are always over and above the taille of the particular year in which ...
— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith
... population; the formation of a more effective and uniform system for the government of the militia, and the amelioration in some form or modification of the diversified and often oppressive codes relating to insolvency. Amidst the multiplicity of topics of great national concernment which may recommend themselves to the calm and patriotic deliberations of the Legislature, it may suffice to say that on these and all other measures which may receive their sanction my hearty cooperation ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... unfortunately, things have 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 ...
— Political Pamphlets • George Saintsbury
... obliged to apply for the benefit of the Insolvent Act, in Philadelphia, owing to losses he had sustained by lending money to distressed compatriots, and eleemosynary outcasts, and had been opposed in the Court of Insolvency by Colonel John Stille, Jr. and Mr. Henry McIlvaine, who threatened him with a prosecution for the forgery of consular papers, if he dared to appear. He declared that he did appear, nevertheless, and was honorably discharged; that ...
— The Atlantic Monthly, Volume 20, No. 122, December, 1867 • Various
... "Hold thy hand, O ass-driver;" and the donkey-boy desisted and cried, "Praised be Allah for thy safety, O master! Verily my heart was with thee." "Why so?" "Thou art become bankrupt and they have filed a docket of thine insolvency." "Who told thee this?" "Thy mother told me, and bade me break the jars and empty the vats, that the Kazi's officers might find nothing in the shop, if they should come." "Allah confound the far ...
— The Book of the Thousand Nights and a Night, Volume 7 • Richard F. Burton
... African 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 attempt to show that the Transvaal had any prospect of prolonging its ...
— The Transvaal from Within - A Private Record of Public Affairs • J. P. Fitzpatrick
... 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
... afterwards in his romances, beginning with "Crime and Punishment," Dostoevsky has something in common with Count L. N. Tolstoy. Both writers were disenchanted as to European progress, admitted the mental and moral insolvency of educated Russian society, and fell into despair, from which the only escape, so it seemed to them, was becoming imbued with the lively faith of the common people, and both authors regarded this faith as the sole means of ...
— A Survey of Russian Literature, with Selections • Isabel Florence Hapgood
... to be found rather in such well-imagined insolvent laws, as discharge a maximum of debt with a minimum of assets; and rid a gentleman annually of his duns, with the smallest possible quantity of corporeal inconvenience. When luxuries become necessaries, insolvency is the best safety-valve to discharge the surplus dishonesty of the people, which, if pent up, would explode in dangerous overt acts of crime and violence; and ...
— The Mirror of Literature, Amusement, and Instruction - Volume 14, No. 381 Saturday, July 18, 1829 • Various
... hand, and the temporary loan occasionally, of those who stood by me when scarcely sane from overwork, trouble, and, worse than all, from insomnia, can never be forgotten while a trace of memory is left. Soon after my insolvency there came a date when all my interests in my books then published must be sold to the highest bidder. It seemed in a sense like putting my children up at auction; and yet I was powerless, since my interests under contracts were a part of my assets. These rights had ...
— Taken Alive • E. P. Roe
... and his band of demagogues had other arguments as well. The Federal North would suffer most by war, while the Republican South might use war as a means of repudiating all the debts she owed to Englishmen. This would have been a very different thing from the insolvency of the Continental Congress during the Revolution. It was dire want, not financial infamy, that made the Revolutionary paper money 'not worth a Continental.' But it would have been sheer theft for the Jeffersonian South to have made its honest ...
— The Father of British Canada: A Chronicle of Carleton • William Wood
... the matter. In June 1876 he induced the raad to declare war against Sikukuni (Secocoeni), a powerful native chief in the eastern Transvaal. The campaign was unsuccessful, and with its failure the republic fell into a condition of lawlessness and insolvency, while a Zulu host threatened invasion. Burgers in an address to the raad (3rd of March 1877) declared "I would rather be a policeman under a strong government than the president of such a state. It is you—-you members of the ...
— Encyclopaedia Britannica, 11th Edition, Volume 4, Part 4 - "Bulgaria" to "Calgary" • Various
... 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 ...
— Innocents abroad • Mark Twain
... town, which has risen as rapidly as an American city, and with the same fits and starts. Magical prosperity is succeeded by a general insolvency among builders and land speculators; after a few years of fallow another start takes place, and so on—speculation follows speculation. Birkenhead has had about four of these high tides of prosperous speculations, in which millions sterling have been gained and lost. ...
— Rides on Railways • Samuel Sidney
... day he sold his farm he was by no means out of danger of absolute insolvency—he was in fact ruined; but he was not yet the victim of those processes which would make him legally insolvent. The vultures were hovering, but they had not yet swooped, and there was the Manor saw-mill going night and day; for by the strangest good luck Jean Jacques received ...
— The Judgment House • Gilbert Parker
... is, that every man is presumed solvent: a presumption, in innumerable cases, directly against truth. Therefore the debtor is ordered, on a supposition of ability and fraud, to be coerced his liberty until he makes payment. By this means, in all cases of civil insolvency, without a pardon from his creditor, he is to be imprisoned for life; and thus a miserable mistaken invention of artificial science operates to change a civil into a criminal judgment, and to scourge misfortune or indiscretion ...
— The Works of the Right Honourable Edmund Burke, Vol. II. (of 12) • Edmund Burke
... 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 to the ...
— The American Judiciary • Simeon E. Baldwin, LLD
... has taken the benefit of an act of insolvency, to defraud his creditors, is said ...
— 1811 Dictionary of the Vulgar Tongue • Captain Grose et al.
... 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 ...
— The Railroad Builders - A Chronicle of the Welding of the States, Volume 38 in The - Chronicles of America Series • John Moody
... daily repetition; that of homicide might involve the massacre of a whole people; each act was separately numbered; and, in those times of anarchy and vice, a modest sinner might easily incur a debt of three hundred years. His insolvency was relieved by a commutation, or indulgence: a year of penance was appreciated at twenty-six solidi [24] of silver, about four pounds sterling, for the rich; at three solidi, or nine shillings, for the indigent: and these alms were soon appropriated to the use of the church, which derived, ...
— The History of The Decline and Fall of the Roman Empire - Volume 5 • Edward Gibbon
... which saddens the traveller of today. If any one wants to see what personal rule in its fullest development is capable of producing, let him visit Egypt. The condition of its finances is notorious, but we did not expect to witness such convincing proofs of insolvency. ...
— Round the World • Andrew Carnegie
... not in the least. Legally the thing's as simple as A B C. The man has only to take the benefit of the Act of Insolvency, assign his estate to his creditors, and then— supposing that they ...
— Sir John Constantine • Prosper Paleologus Constantine
... 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 had borrowed—the whole thirty pounds—they went to pay for ...
— The Combined Maze • May Sinclair
... particular juncture, it was of the utmost importance to keep up a show of prosperity. In reality, it was impossible for her, while she had the means to pay her way for a week ahead, to lapse into a form of existence like Gerty Farish's. She had never been so near the brink of insolvency; but she could at least manage to meet her weekly hotel bill, and having settled the heaviest of her previous debts out of the money she had received from Trenor, she had a still fair margin of credit to go upon. The situation, however, was not agreeable enough to lull her to complete unconsciousness ...
— House of Mirth • Edith Wharton
... the answer to the Pharisee's thought, and in it Jesus shows Simon that He knows him and the woman a great deal better than he did. There are three things to which briefly I ask your attention—the common debt, in varying amounts; the common insolvency; and the love, like the debt, varying in amount. Now, note these ...
— Expositions Of Holy Scripture - Volume I: St. Luke, Chaps. I to XII • Alexander Maclaren
... the money and the interest upon it. Their upper field, which adjoins that of Sum-yukin, the son of Sa-Nebo-s, as well as the lower field, which forms the boundary of the house of the Seer, and is planted with palm-trees and grass, is the security of Nadin-Merodach, to which (in case of insolvency) he shall have the first claim. No other creditor shall take possession of it until Nadin-Merodach has received in full the capital and interest. In the month Tisri the dates which are then ripe upon the palms shall be valued, and according ...
— Babylonians and Assyrians, Life and Customs • Rev. A. H. Sayce
... our young men, brightly dressed and cigarettes alight, wheeling off to the rendezvous, Grubb guiding the lady's machine beside him with one skilful hand and Bert teuf-teuffing steadily, was to realise how pluck may triumph even over insolvency. Their landlord, the butcher, said, "Gurr," as they passed, and shouted, "Go it!" in a loud, savage tone to their ...
— The War in the Air • Herbert George Wells
... exercised, it is necessary for the law to establish a department of insurance. This is cheaper and safer than any company. You cannot expose the savings of the poor to possible insolvency, nor can you allow any part of the contributions to be used for the payment of dividends or interest on stocks and bonds. The representative Mr. Bamberger based his opposition to the bill—you remember his strong words—largely on his sorrow at the ...
— The German Classics of The Nineteenth and Twentieth Centuries, Vol. X. • Kuno Francke
... of 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 ...
— Fragments of Two Centuries - Glimpses of Country Life when George III. was King • Alfred Kingston
... inculcated, and held to be virtues which all should be careful to practice. Honesty and fair dealing were enforced by custom, which had a more powerful influence, in their mutual transactions, than the legal enactments of later periods. Insolvency was considered disgraceful, and prima facie a crime. Bankrupts surrendered their all, and then clad in a party colored clouted garment, with hose of different sets, had their hips dashed against ...
— An Historical Account of the Settlements of Scotch Highlanders in America • J. P. MacLean
... am I afraid of her, eh? A young fellow like me to enter a physical training school of this sort (pointing to Bacchis's house) where a man only sweats himself to insolvency? ...
— Amphitryo, Asinaria, Aulularia, Bacchides, Captivi • Plautus Titus Maccius |
