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Insolvency   Listen
noun
Insolvency  n.  (pl. insolvencies)  (Law)
(a)
The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency.
(b)
Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
Act of insolvency. See Insolvent law under Insolvent, a.






Collaborative International Dictionary of English 0.48








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"Insolvency" Quotes from Famous Books



... Then comes the doctor's insolvency. One must separate. This separation becomes the misfortune of their lives: the doctor will die of it. Both feel that it will not be the end, they do not wish it—and they do not think of any means which ...
— So Runs the World • Henryk Sienkiewicz,

... the Lord 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 ...
— The Life of Trust: Being a Narrative of the Lord's Dealings With George Mueller • George Mueller

... 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, did farther ...
— The Works of the Right Honourable Edmund Burke, Vol. VIII. (of 12) • Edmund Burke

... 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 this would have been unjust. I respect the law which, ...
— Under the Waves - Diving in Deep Waters • R M Ballantyne

... obliged to have it out this morning, that it may operate as a gentle preparative for the meeting of inhabitants at two o'clock. Vogue la galere—we shall see if Scotsmen have any pluck left. If not, they may kill the next Percy themselves. It is ridiculous enough for me, in a state of insolvency for the present, to be battling about gold and paper currency. It is something like the humorous touch in Hogarth's Distressed Poet, where the poor starveling of the Muses is engaged, when in the abyss of poverty, in writing an Essay on payment of the National ...
— The Journal of Sir Walter Scott - From the Original Manuscript at Abbotsford • Walter Scott

... some whose talents and character would have been valuable anywhere. Public spirit abounded, and the men of that day evidently felt as men should feel who are destined to be the ancestors of great cities. In 1837, when the business affairs of Chicago were in a distressing state, and private insolvency was rather the rule than the exception, many debtors and a few demagogues called a public meeting, the real though not the avowed object of which was to bring about some form of repudiation. Some inflammatory ...
— The Continental Monthly, Vol. III, No. V, May, 1863 - Devoted to Literature and National Policy • Various

... of business. How convenient too would be such a rapid intercourse between London and country bankers, in regard to balances, advances, and money transactions; how desirable in law business between London and country practitioners; and how important in cases of bankruptcy or insolvency! In family concerns, notices of deaths, births, accidents, progressive sickness, &c. it would often be deeply interesting. The state of elections, the issues of lawsuits, determinations of the legislature, ...
— A Morning's Walk from London to Kew • Richard Phillips

... opposed him, and he himself effected less than he expected, in order to raise the passions of the people, he dropped it, and promulgated two others; one, by which he remitted the annual rents of the houses to the tenants, the other, an act of insolvency: upon which the mob made an assault on Caius Trebonius, and having wounded several persons, drove him from his tribunal. The consul Servilius informed the senate of his proceedings, who passed a decree ...
— "De Bello Gallico" and Other Commentaries • Caius Julius Caesar

... nights, save when sleep overcame him, to potations that would have buried an ordinary man under Alaskan snows long since. But Baranhov had fourteen years more of good service in him, and rescued the Company from insolvency again and again, nor ever played into the hands of marauding foreigners; with brain on fire he ...
— Rezanov • Gertrude Atherton

... 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 inconceivable in a young ...
— History of Friedrich II. of Prussia, Vol. XII. (of XXI.) • Thomas Carlyle

... course. In the first crisis, banking houses broke down, unable to meet the runs of their depositors or their original obligations. The depositors next, unable to secure their own funds or to obtain their usual loans, were driven to insolvency. After the failure of banks came that of railroads, the wholesale houses, and the factories. As these last defaulted, the loss was spread over their employees, their contractors, and their creditors. ...
— The New Nation • Frederic L. Paxson

... might fail in an emergency. Colt found a market in Texas and among the frontiersmen who were fighting the Seminole War in Florida, but the sales were insufficient, and in 1842 the company was obliged to confess insolvency and close down the plant. Colt bought from the company the patent of the revolver, which ...
— The Age of Invention - A Chronicle of Mechanical Conquest, Book, 37 in The - Chronicles of America Series • Holland Thompson

... state 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 ...
— Fragments of Two Centuries - Glimpses of Country Life when George III. was King • Alfred Kingston

... fraught with certain ruin to producers. It is causing in the United States a condition frightful to contemplate. The mass of debts is piling up at a ratio that absolutely threatens, if a halt in the automatic process is not soon called, a universal insolvency. Indeed a general liquidation is already impossible. He is no alarmist who counsels a timely and rational remedy as not only demanded by justice, but as anticipatory of violent readjustment. Under such disquieting conditions is it not as criminal as it is unscientific for men to go about prating ...
— The Arena - Volume 18, No. 92, July, 1897 • Various

... warning them, with distinct meaning, though in ambiguous terms, against a certain silk-manufacturer in Spitalfields, with whom they had had straightforward business dealings for many years; but to whom they had latterly advanced money. The letters hinted at the utter insolvency of this manufacturer. They had urged their correspondent to give them his name in confidence, and this morning's letter had brought it; but the name was totally unknown to them, though there seemed no reason to doubt the reality of either it or the address, the latter of which was given ...
— Sylvia's Lovers, Vol. II • Elizabeth Gaskell

... the purpose of security on the other side, you can readily suppose any 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 ...
— The Continental Monthly, Vol. IV. October, 1863, No. IV. - Devoted to Literature and National Policy. • Various

... business in the political line, happened to be 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 use of those whose reading has not lain in that direction. ...
— The Uncollected Writings of Thomas de Quincey—Vol. 1 - With a Preface and Annotations by James Hogg • Thomas de Quincey

... 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 a stone in presence of the people, by four men, each seizing an arm or a leg. ...
— An Historical Account of the Settlements of Scotch Highlanders in America • J. P. MacLean

... whom he had trusted for support had 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 more ...
— Life Of Johnson, Vol. 1 • Boswell, Edited by Birkbeck Hill

... 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 were taken by the officers and stockholders of the bank, including the father ...
— Recollections of Forty Years in the House, Senate and Cabinet - An Autobiography. • John Sherman

... 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 ...
— Essays on some unsettled Questions of Political Economy • John Stuart Mill

... The parish is in debt; every day adds to the number of paupers and diminishes that of ratepayers. These are principally small shopkeepers, who are beggared by the rates. The district is in a complete state of insolvency and hopeless poverty, yet they multiply, and while the people look squalid and dejected, as if borne down by their wretchedness and destitution, the children thrive and are healthy. Government is ready to interpose with assistance, but ...
— The Greville Memoirs - A Journal of the Reigns of King George IV and King William IV, Vol. II • Charles C. F. Greville

... depleted till, the most valiant resolves to keep smiling, could not prevail for ever against these insistent phenomena. One might bustle about in the morning before dinner, and in the afternoon after tea and forget that huge dark cloud of insolvency that gathered and spread in the background, but it was part of the desolation of these afternoon periods, these grey spaces of time after meals, when all one's courage had descended to the unseen battles of the ...
— The History of Mr. Polly • H. G. Wells

... principal entrance in Wardour Street is a stone monument to King Theodore of Corsica, and a small crown on the stone marks his rank. King Theodore died in this parish December 11, 1756, immediately after leaving the King's Bench Prison, by the benefit of the Act of Insolvency, in consequence of which he registered his kingdom of Corsica for the ...
— The Strand District - The Fascination of London • Sir Walter Besant

... denotes isolation of interest and probable insolvency. To dig in a clay bank, foretells you will submit to extraordinary demands of enemies. If you dig in an ash bank and find clay, unfortunate surprises will combat progressive enterprises or new work. Your efforts are likely to be misdirected after ...
— 10,000 Dreams Interpreted • Gustavus Hindman Miller

... business of the country. The banks alone, by excessive loans and issues, would grow rich apparently, on the ruin of their country. But there would be a terrible retribution. The result would be general insolvency and repudiation, the debts due the banks would become worthless, and they be involved in the general ruin. It is then the interest of the banks to sustain the Government and the Secretary, and to transfer ...
— The Continental Monthly, Vol. 3 No 2, February 1863 - Devoted To Literature And National Policy • Various

... national insolvency, and here is an infallible remedy ready to hand. Lord FISHER'S panacea for our discontents was to "sack the lot"—to dismiss all our rulers and administrators. But he had only a glimmering of the truth. Our cry should rather be, "Lock up the lot." ...
— Punch, or the London Charivari, Volume 158, June 2, 1920 • Various

... his father. All these expectations had been disappointed by Mr. Fenton's sudden death at a period of great commercial disturbance. The business was found in a state of entanglement that was very near insolvency; and wise friends told Gilbert Fenton that the only hope of coming well out of these perplexities lay with himself. The business was too good to be sacrificed, and the business was all his father had left behind him, with the exception of a houseful of handsome furniture, ...
— Fenton's Quest • M. E. Braddon

... of 1836 went by in the usual struggle, and in September Haydon was thrown into prison for the fourth time. On November 17 he passed through the Insolvency Court, and on the following Sunday he records: 'Went to church, and returned thanks with all my heart and soul for the great mercies of God to me and my family during my imprisonment.... (29th) Set my palette to-day, the first time these eleven ...
— Little Memoirs of the Nineteenth Century • George Paston

... oppressively injured. The recovery of his usurious debts, no matter how merciless the process, he considered only as an act of justice to himself, for his conscience having long ago outgrown the perception of his own inhumanity, now only felt compunction when death or the occasional insolvency of a security defeated ...
— Fardorougha, The Miser - The Works of William Carleton, Volume One • William Carleton

... resulted in sixty-nine commitments for trial, in virtue of which Brunet, the sheriff's officer, delighted at such a windfall of fees, had rigorously enforced the warrants in such a way as to bring about what is called, in legal language, a declaration of insolvency; a condition of pauperism where the law becomes of course powerless. By this declaration the sheriff proves that the defendant possesses no property of any kind, and is therefore a pauper. Where there is absolutely nothing, the creditor, like the king, ...
— Sons of the Soil • Honore de Balzac

... bargains with landlords; and as this Report has nothing to do with such tenant farmers, they may be left out of the question. But in the case of small fishermen farmers, it is worthy of consideration whether a warning of at least one year, excepting cases of insolvency or specified kinds of misconduct, ought not to be required before eviction from any agricultural holding below a certain rental; and whether in such holdings tenants should not have some summary means of recovering from the landlord or succeeding tenant any extraordinary ...
— Second Shetland Truck System Report • William Guthrie

... don't think I ever was quite. I have been in Queer Street many a time, but I've always found a friend round the corner, or have pulled myself through by the skin of the teeth somehow. But this time I see no lift in the cloud. My insolvency has become chronic; it is attacking the very citadel of life. I have not a single uncle or aunt to fall back upon. The poor creatures are all dead and buried, and their money all spent. Well!—Outlaw is an ugly word, but it is one that I shall have to learn how ...
— The Argosy - Vol. 51, No. 2, February, 1891 • Various

... a 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 Pickwick Papers • Charles Dickens

... 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

... by the insolvency of my father, (a trader of Liverpool,) without any means of support but such as labour should afford me. Whatever could generate pride, and the love of independence, was my portion. Whatever can incite to diligence was the growth of my condition; yet my indolence was a cureless disease; and there ...
— Arthur Mervyn - Or, Memoirs of the Year 1793 • Charles Brockden Brown

... our children will do five, they will do ten. We pay two thousand million francs a year in preparation for war; we shall pay twenty, we shall pay fifty thousand millions. All that we have will be taken; it will be robbery, insolvency, bankruptcy. War kills wealth as it does men; it goes away in ruins and smoke, and one cannot fabricate gold any more than soldiers. We no longer know how to count; we no longer know anything. A billion—a million millions—the word appears to me ...
— Light • Henri Barbusse

... By the unexpected insolvency of his publisher, while the third edition was in process of sale, Hogg had nearly sustained a recurrence of pecuniary loss. This was, however, fortunately prevented by the considerate beneficence of Mr Goldie's trustees, who, ...
— The Modern Scottish Minstrel, Volumes I-VI. - The Songs of Scotland of the Past Half Century • Various

... perchance in idleness and luxurious living, or have wasted it in vanities or misdirected ambition. Having become bankrupts in health, there is necessarily a failure of the menstrual function, and then follows a panic. All the blame of the insolvency and general derangement, is unjustly attributed to the non-performance of the duties of the uterus. Thus, this organ is altogether dependent Upon the general health for its functional ability, yet frequently treatment ...
— The People's Common Sense Medical Adviser in Plain English • R. V. Pierce

... Independence seemed within his reach, when misfortune, equally unforeseen as inevitable, at all points assailed him! In the course of one disastrous year, death deprived him of his family, and adversity of his property. He had unsuccessfully speculated, and the insolvency of several who were considerably indebted to him, had completed his ruin! At the time he committed the act for which he stood convicted at that bar, he had not tasted food for three days, neither had he in the world a friend or relative to whom he could apply ...
— Real Life In London, Volumes I. and II. • Pierce Egan

... business who have no commercial or financial ability. They cannot know the requirements; they cannot understand the fundamental principles of business. Commercially they are babes in the woods. Therefore they go down to bankruptcy and insolvency, to their great detriment and to the injury of ...
— Analyzing Character • Katherine M. H. Blackford and Arthur Newcomb

... 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 ...
— The Transvaal from Within - A Private Record of Public Affairs • J. P. Fitzpatrick

... feeling that it is pitiful, mean almost beyond 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 may be hard to prove that he who ...
— Volume 1 • Anthony Trollope

... just been defrauded." The failure of Hunt & Clarke, the publishers of the Life of Napoleon, cost Hazlitt L500. He had received only L140 towards this, in a bill which on their insolvency became worthless. ...
— The Works of Charles and Mary Lamb (Vol. 6) - Letters 1821-1842 • Charles and Mary Lamb

... 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 in ...
— Political Pamphlets • George Saintsbury

... been strong rumors touching the insolvency of the firm of M'Loughlin and Harman, and, it is to be feared, that this untoward exposure will injure them even in a worldly point of view. In the True Blue there are two paragraphs of the following stamp—paragraphs that certainly deserve to get the ears of ...
— Valentine M'Clutchy, The Irish Agent - The Works of William Carleton, Volume Two • William Carleton

... clashes were growing more frequent. The "Socialistic" ministers were exhorting the masses to be patient. All decisions and measures, including the calling of the Constituent Assembly, were being postponed. The insolvency and the instability of the coalition ...
— From October to Brest-Litovsk • Leon Trotzky

... their health; while the landholders in their vicinity are only so indirectly and in a lesser degree. This is decisively demonstrated by the colossal fortunes so frequently made in the commercial classes, contrasted with the declining circumstances or actual insolvency of the landholders by whom they are surrounded. Do these, the merchants and manufacturers, pay the larger proportion of the poor tax, thus rendered inevitable by the nature of their operations, which are in so high a degree beneficial to themselves? Quite ...
— Blackwood's Edinburgh Magazine, No. CCCLXXVI. February, 1847. Vol. LXI. • Various

... at 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 ...
— The Transgressors - Story of a Great Sin • Francis A. Adams

... 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

... Manchester and Truesdale. The former is on the main line of the Northern, and the latter on the C. & S.C., both of which are trunk lines from Chicago to the West. The M. & T. was not a money-making affair; it had cost a lot of money, its stock was away down, and it trembled on the brink of insolvency until Jim Weeks took hold of it. He put money into it, straightened out its tangled affairs, and incidentally made some enemies in the board of directors. There were coal mines on the line near Sawyerville, ...
— The Short Line War • Merwin-Webster

... 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 imported ...
— Manners, Custom and Dress During the Middle Ages and During the Renaissance Period • Paul Lacroix

... of the eighteenth century closed with the death of Louis XV, all intelligent French administrators recognized the dilemma; either relief must be given, or France must become insolvent, and revolution supervene upon insolvency. But for the aristocracy revolution had no terrors, for they believed that they could crush revolution as their class had done for ...
— The Theory of Social Revolutions • Brooks Adams

... 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 ...
— Letters of Cicero • Marcus Tullius Cicero

... 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. ...
— Taken Alive • E. P. Roe

... doubtful, they have had no experience in business affairs, and their class is demonstratedly devoid of administrative capacity. The Poor Law Guardians of Cork, Portumna, Ballinasloe, Swinford, Ballyvaughan, and many other towns and cities, have by their mismanagement brought their respective districts to insolvency. That every case was a case of mismanagement is clearly proved by the fact that the Government having superseded these Boards in each case by two paid Guardians, a period of two years has sufficed to wipe off all debts, to reduce expenses, and to leave ...
— Ireland as It Is - And as It Would be Under Home Rule • Robert John Buckley (AKA R.J.B.)

... violently. Re-en-force'ments, additional troops. 3. Corps (pro. kor), a body of troops. Re-serve', a select body of troops held back in case of special need for their services. 4. Bank'rupt-cy. inability to pay all debts, insolvency. Re-mit'tanc-es, mouey, drafts, etc., sent from a distance. Ma-tur'ing, approaching the time fixed for payment. 5. Prov-o-ca'tion, that which causes anger. 6. Ig-no-min'i-ous, infamous. 7. Weal, ...
— McGuffey's Fifth Eclectic Reader • William Holmes McGuffey

... 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 ...
— The Railroad Builders - A Chronicle of the Welding of the States, Volume 38 in The - Chronicles of America Series • John Moody

... of popularity which is the portion of a man of high birth, graceful manners, and good looks, Lord Bramber had squandered a handsome fortune right royally, and now, at five-and-fifty, was as near insolvency as a gentleman dare be. His house in Pulteney Street was a kind of haven, to which he brought his family when London creditors began to be implacable. He had even thoughts of emigrating to Holland or Belgium, or to some old Roman town in the ...
— Library Of The World's Best Literature, Ancient And Modern, Vol. 5 • Various

... 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 ...
— Cleveland Past and Present - Its Representative Men, etc. • Maurice Joblin

... left 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 Chabert. ...
— Repertory Of The Comedie Humaine, Complete, A — Z • Anatole Cerfberr and Jules Franois Christophe

... 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. ...
— House of Mirth • Edith Wharton

... were dressed by having hot air forced rapidly through them. Lace curtains, shawls, veils, spreads, tidies and all similar articles, were by this process made to look like new, and at a cost that I thought ought certainly to reduce the establishment to beggary or insolvency. But here chemistry again was the magician that had made such cheap labor profitable. And such advanced knowledge of chemistry was the result ...
— Mizora: A Prophecy - A MSS. Found Among the Private Papers of the Princess Vera Zarovitch • Mary E. Bradley

... guided by me you will accept the assurance of your friends who truly have your 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

... is due, and must be paid by every man who would avoid present discredit and eventual moral insolvency. It is an obligation—a debt—which can only be discharged by voluntary effort and resolute action in ...
— Character • Samuel Smiles

... 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 a hundred ...
— Stories of Authors, British and American • Edwin Watts Chubb

... in the mire when renewed accommodation-bills with his name upon them are ripening in the iron safes of Judah. Philip Sheldon found himself sinking gradually and almost imperceptibly into that bottomless pit of difficulty in whose black depths the demon Insolvency holds his dreary court. While his little capital lasted he had kept himself clear of debt, but that being exhausted, and his practice growing worse day by day, he had been fain to seek assistance from money-lenders; and now even the money-lenders were tired of him. ...
— Birds of Prey • M. E. Braddon

... in them and that the dyery was in ruins. So he said to him, "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 One!"[FN197] cried the dyer; "My mother died ...
— The Book of the Thousand Nights and a Night, Volume 7 • Richard F. Burton

... failure to do which has heretofore constituted a prominent objection to the measure—would afford extensive relief I do not doubt. The distress incident to the derangements of some years past has visited large numbers of our fellow-citizens with hopeless insolvency, whose energies, both mental and physical, by reason of the load of debt pressing upon them, are lost to the country. Whether Congress shall deem it proper to enter upon the consideration of this subject at its present extraordinary session it will ...
— A Compilation of the Messages and Papers of the Presidents: Tyler - Section 2 (of 3) of Volume 4: John Tyler • Compiled by James D. Richardson

... 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 absolute poverty were it not for a small legacy of two-hundred a ...
— The Doings Of Raffles Haw • Arthur Conan Doyle

... than the same in the case of the produce of the grazier, surely there is no reason why he should be compelled to submit to a still greater increase of interest, to compensate the capitalist for the additional risk of the borrower's insolvency before the crops are realised, especially when the grazier is, through the aid of "The lien on Wool Act" exempted ...
— A Source Book Of Australian History • Compiled by Gwendolen H. Swinburne

... visits in a state approaching insolvency. Mrs. Kettering, with whom she stayed some time, indulged in expensive amusements, and though she would have listened with good-humor to a plea of poverty, Sylvia declined to make it. She would not ...
— Ranching for Sylvia • Harold Bindloss

... security: I desired none. Therefore I have no legal claim for requital for this great and bitter sacrifice, which makes me daily curse my own folly in having trusted living man. But I ask of you, madam, who, secured from the effects of Captain Rothesay's insolvency, have, I understand, been left in comfort, if not affluence—I ask, is it right, in honour and in honesty, that I, a clergyman with a small stipend, should suffer the penalty of a deed wherein, with all charity to the dead, I cannot but think ...
— Olive - A Novel • Dinah Maria Craik, (AKA Dinah Maria Mulock)

... 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 contract of mutuum, and entitles the lender to ...
— An Essay on Mediaeval Economic Teaching • George O'Brien

... till his mind had been brought back to the affairs of his office, by the voice of Sir Raffle Buffle at the corner of the street. The idea that his bill would be dishonoured, and that tidings of his insolvency would be conveyed to the Commissioners at his Board, had been dreadful to him. The way in which he had been treated by Musselboro and Dobbs Broughton had made him hate City men, and what he supposed to be City ways. Now there had come to him a relief which ...
— The Last Chronicle of Barset • Anthony Trollope

... was supposed that my father had made his fortune when he took his wheat out of bond but losses and deterioration during seven years, and interest on borrowed money—credit having been strained to the utmost—brought ruin and insolvency, and he had to go to South Australia, followed by his wife and family soon after. It seems strange that this disaster should be the culmination of the peace, after the long Napoleonic war. When my father married in 1815 he showed he was making 600 pounds a year, with 2,000 pounds book debts, as ...
— An Autobiography • Catherine Helen Spence

... there is no such amount of cash in the 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 ...
— Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson - Volume I • Thomas Jefferson

... that no sooner was it adopted by the one paper, than the other followed closely in the line chalked out. The regular City article appears only to have had existence since 1824-25, when the first effect of that over-speculating period was felt in the insolvency of public companies, and the breakage of banks. Contributions of this description had been made and published, as already noticed, in separate paragraphs throughout the papers as early as 1811 and 1812; but these took no very prominent position ...
— Old and New London - Volume I • Walter Thornbury

... 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 ...
— The New England Magazine Volume 1, No. 3, March, 1886 - Bay State Monthly Volume 4, No. 3, March, 1886 • Various

... A valuable privilege under which an unpaid consigner or broker may stop or countermand his goods upon their passage to the consignee on the insolvency ...
— The Sailor's Word-Book • William Henry Smyth

... 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 with a punishment ...
— The Works of the Right Honourable Edmund Burke, Vol. II. (of 12) • Edmund Burke

... you never know what may happen next; the darkest hour may he very near the dawn. This is where Bohemianism, in the best sense of the term, will serve the actor. I do not mean by Bohemianism chronic intemperance and insolvency. I mean the gay spirit of daring and enterprise that greets failure as graciously as success; the love of your own calling and your comrades in that calling, a love that, no matter what your measure of success, will ...
— [19th Century Actor] Autobiographies • George Iles

... of the creek, to a high part of the range about two miles off (which I have 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, ...
— Explorations in Australia, The Journals of John McDouall Stuart • John McDouall Stuart

... delightfully laid-out town on the shores of Port Denison. It is inhabited by some six hundred people—mostly official loafers and spongers of the worst type. The community consists of boozy squatters, snobbish wives of snobbish officials, anaemic old maids, obsequious tradesmen on the verge of insolvency, and two respectable and hard-working persons—the latter are Chinamen. The 'tony' society of Bowen is about as lively and intelligent as that of a decaying Cathedral town in the old country. The atmosphere of matchless snobbery and vulgarity that pervades Bowen can be perceived by the ...
— Tom Gerrard - 1904 • Louis Becke

... attendance, or the mortification of a request, made gazetteer. Swift, Freind, Prior, and other men of the same party, brought him the key of the gazetteer's office. He was now again placed in a profitable employment, and again threw the benefit away. An act of insolvency made his business, at that time, particularly troublesome; and he would not wait till hurry should be at an end, but impatiently resigned it, and returned to his wonted ...
— Lives of the Poets, Vol. 1 • Samuel Johnson

... a great 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 ...
— Rides on Railways • Samuel Sidney

... Office at the Naval Depot, where Nosey Baines was entered for service as a Second-class Stoker under training, had had a busy morning. There had been a rush of new entries owing to the conclusion of the hop-picking season, the insolvency of a local ginger-beer bottling factory, and other mysterious influences. Nosey's parchment certificate (that document which accompanies a man from ship to ship, and, containing all particulars relating to him, is said to be a man's passport through life) was the nineteenth ...
— A Tall Ship - On Other Naval Occasions • Sir Lewis Anselm da Costa Ritchie

... misery, by debts, which, without his own consent, were accumulated on his head. To the relief of this distress, no other objection can be made, but that by an easy dissolution of debts fraud will be left without punishment, and imprudence without awe; and that when insolvency should be no ...
— The Works of Samuel Johnson in Nine Volumes - Volume IV: The Adventurer; The Idler • Samuel Johnson

... 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 things ...
— Expositions Of Holy Scripture - Volume I: St. Luke, Chaps. I to XII • Alexander Maclaren

... things, not the power and respect belonging to sovereigns, but their very existence, depends on a reasonable frugality. It is very certain that not one sovereign in Europe can either promise for the continuance of his authority in a state of indigence and insolvency, or dares to venture on a new imposition to relieve himself. Without abandoning wholly the ancient magnificence of his court, the Elector has conducted his affairs with infinitely more economy than any of his predecessors, so as to restore his ...
— The Works of the Right Honourable Edmund Burke, Vol. IV. (of 12) • Edmund Burke

... 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 temporal advantages ...
— Cape Cod Folks • Sarah P. McLean Greene

... right for his pains. But I am not sorry, for it is unpleasant for a house like ours to have to sell an old client up. Not that his account is worth much, nothing at all—more trouble than profit—or we should not have done it. He's no better than a bankrupt and the insolvency court is the best place for him. The world is to the rich and the fulness thereof. There's an insolvency court especially provided for de la Molle and his like—empty old windbags with long sounding names; let him go there and ...
— Colonel Quaritch, V.C. - A Tale of Country Life • H. Rider Haggard

... 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

... 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 ...
— The Combined Maze • May Sinclair

... I say, the purchase was consummated, and an inventory of my remaining assets made, I discovered that the two cows had swallowed up nearly my entire estate, and that a few dollars of farther expenditure would plunge me into bottomless insolvency. I must confess that this disclosure of my financial condition added zest to the undertaking, and filled me with that fine excitement which accompanies a desperate speculation. I have always felt that another cow would have made a financier of me, and that I ...
— The Busted Ex-Texan and Other Stories • W. H. H. Murray

... Week' is at a disadvantage before the public as long as it's supposed to be my enterprise, my idea. As far as I'm known at all, I'm known simply as a syndicate man, and nobody in the press believes that I've got the money to run the thing on a grand scale; a suspicion of insolvency must attach to it sooner or later, and the fellows on the press will work up that impression, sooner or later, if we don't give them something else to work up. Now, as soon as I begin to give it away to the correspondents ...
— Henry James, Jr. • William Dean Howells

... 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 my reception thus far on ...
— Mark Twain, A Biography, 1835-1910, Complete - The Personal And Literary Life Of Samuel Langhorne Clemens • Albert Bigelow Paine

... state gave the new company millions of acres of land and a cash subsidy, municipalities offered bonuses, and a small amount of stock was subscribed locally. Five years passed, and not a mile had been completed. The company, looted into insolvency by fraudulent construction company contracts, was reorganized as the St Paul and Pacific, heir to the old company's assets but not to its liabilities, and a beginning was made once more. Trusting Dutch ...
— The Railway Builders - A Chronicle of Overland Highways • Oscar D. Skelton

... with a spice of malice very surprising in one so placable, and an obstinacy remarkable in one so weak, refused from that day forward to exercise the least captaincy on his expenses. He wasted what he would; he allowed his servants to despoil him at their pleasure; he sowed insolvency; and, when the crop was ripe, notified his father with exasperating calm. His own capital was put in his hands, he was planted in the diplomatic service, and told he must depend ...
— The Works of Robert Louis Stevenson - Swanston Edition Vol. 13 (of 25) • Robert Louis Stevenson

... 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 ...
— Great Men and Famous Women. Vol. 1 of 8 • Various

... years all this has been reversed. We now look in vain for the signs of prosperity that before existed. In their place, we hear of complaints loud and deep; of insolvency, of reduction in the Government expenditure; of a falling off of trade; of many beggars, where none before were known; of large agricultural estates allowed partially to return to their natural wildness; of cattle and all stock sold at half their original cost, and ...
— Discoveries in Australia, Volume 2 • John Lort Stokes

... the last relic of this extinct magnificence. Before he grew up, his family had very nearly reached its lowest ebb. When his father died, there was one dazzling outburst of funeral extravagance, and then insolvency. The property was sold to liquidate the debt. What little ready money was left over was altogether insufficient to keep up the ...
— The Hungry Stones And Other Stories • Rabindranath Tagore

... 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

... ane and the same time, a pair o' such calamities sae oddly thrust upon me, as my ain death, and the bankruptcy o' my faither. However, sae it was. But my business noo was to remedy, as far as possible, the mischief that had been done by the unfounded rumour o' oor insolvency. Wi' this view I hastened awa to a newspaper office, to begin the cure by an advertisement; and, in doin this, I had occasion to pass the coach-office whar I had landed the day before. Observin the place, I thocht I micht ...
— Wilson's Tales of the Borders and of Scotland, Volume III • Various

... 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 ...
— The Atlantic Monthly, Volume 20, No. 122, December, 1867 • Various



Words linked to "Insolvency" :   solvency, failure



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