"Insolvent" Quotes from Famous Books
 ... cash all of the demands made upon them started a series of bank "runs." Even solvent institutions were unable to meet their obligations promptly and many failures occurred. A large number of banks were technically insolvent, that is to say, their assets were invested in forms which prevented their immediate conversion into cash, so that for the time being demands for cash could not be met. The lack of an effective banking system prevented these banks from securing temporary aid ...
— Problems in American Democracy • Thames Ross Williamson
... long walk, for after all what is the good of hurrying back to shop when you are not only insolvent but very soon to die? His dinner and the east wind lost their sinister hold upon his soul, and when at last he came back along the Fishbourne High Street, his face was unusually bright and the craving hunger of the dyspeptic was returning. So ...
— The History of Mr. Polly • H. G. Wells
... the year 1709. People never ceased wondering what had become of all the money of the realm. Nobody could any longer pay, because nobody was paid: the country-people, overwhelmed with exactions and with valueless property, had become insolvent: trade no longer yielded anything—good faith and confidence were at an end. Thus the King had no resources, except in terror and in his unlimited power, which, boundless as it was, failed also for want of having ...
— The Memoirs of Louis XIV., His Court and The Regency, Complete • Duc de Saint-Simon
... 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 an order for M. Mornay's new railway (Judge Carcasson was behind that) which ...
— The Judgment House • Gilbert Parker
... hands, he went into Scotland to dispose of a quantity of his surplus stock. He had only been gone a few days before word came that he was dead. It then came out that Mr. Blackwell had allowed him to run up a debt of nearly seven hundred pounds for printing. It also came out that Mr. Townsend was insolvent. He had been in difficulties for years, and he had used the money he had received for my books to prevent his creditors from making him a bankrupt. His journey to Scotland was his last shift, and failing in that, he had taken opiates, ...
— Modern Skepticism: A Journey Through the Land of Doubt and Back Again - A Life Story • Joseph Barker
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