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Insolvent   /ɪnsˈɑlvənt/   Listen
Insolvent

adjective
1.
Unable to meet or discharge financial obligations.  "An insolvent estate"






WordNet 3.0 © 2010 Princeton University








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"Insolvent" Quotes from Famous Books



... acquisition of languages. Andrew had been sent to the grammar-school in our town, where he gained the rudiments of education, and a certain amount of Latin and Greek; and where he might, possibly, have become well-educated, had he not—his father dying insolvent—been taken from school, and, much to his grief, apprenticed to the trade he was ...
— Saved from the Sea - The Loss of the Viper, and her Crew's Saharan Adventures • W.H.G. Kingston

... merely the city dweller who felt the pinch of poverty. Thousands of Western settlers who had purchased land under the Act of 1800, which permitted deferred payments, found themselves insolvent. More than $21,000,000, one fifth of the national debt, remained unpaid in the year 1820. To the importunities of these debtors Congress had yielded from time to time, but it was not until 1821 that it passed the first general relief ...
— Union and Democracy • Allen Johnson

... freighting to keep himself and his crew in provisions for a week Felipe would anchor the navy and hang about the little telegraph office, looking like one of the chorus of an insolvent comic opera troupe besieging the manager's den. A hope for orders from the capital was always in his heart. That his services as admiral had never been called into requirement hurt his pride and patriotism. At every call he would inquire, gravely and expectantly, for despatches. ...
— Cabbages and Kings • O. Henry

... forming the notion, if we are only careful to remember that duties enter into it quite as much as rights. Our duties may overbalance our rights. A man may owe more than he is worth, and therefore if a money value is set on his collective legal relations he may be what is called insolvent. But for all that the entire group of rights and duties which centres in him is not the less ...
— Ancient Law - Its Connection to the History of Early Society • Sir Henry James Sumner Maine

... PHILLIPS, an Irish barrister. Born at Sligo, about 1788. He practiced with success in criminal cases in London, and gained a wide reputation by his speeches, the style of which is rather florid. He was for many years a commissioner of the insolvent debtors' court in ...
— Christopher Columbus and His Monument Columbia • Various

... attorney of upwards of fifty years' standing;) nay—even Mr. Gammon, foiled at length, could not for the life of him refrain from a soft curse or two. Neither of them could make anything of it—(as for Snap, they never showed it to him; it was not within his province—i. e. the Insolvent Debtors' Court, the Old Bailey, the Clerkenwell Sessions, the Police Offices, the inferior business of the Common Law Courts, and the worrying of the clerks of the office—a department in which he was ...
— Ten Thousand a-Year. Volume 1. • Samuel Warren

... both. Nor do the provisions of the decemviral code, with which we are acquainted, show that enlightened regard to natural justice which characterized jurisprudence in its subsequent development. It allowed insolvent debtors to be treated with great cruelty; they could be imprisoned for sixty days, loaded with chains, and then might be sold into foreign slavery. It sanctioned a barbarous retaliation—an eye for an eye, and a tooth for a tooth. But it gave a redress for lampoons or libels, allowed an appeal ...
— The Old Roman World • John Lord

... a new code of laws, and now there was an ample prison-house for its transgressors! The penal code was frightful. An insolvent debtor was tied up half naked in a public place and beaten three hours a day for thirty or forty days, and then, if no one came to his rescue, with his wife and his children he was sold as a slave. But Siberia was to be the prison-house of a more serious class of offenders for whom this punishment ...
— A Short History of Russia • Mary Platt Parmele

... lived, and in which, for want of a better, my master and I had to cook and sleep, was one of the most miserable tumble-down erections I ever saw inhabited. It had formed part of an ancient set of offices that had been condemned about fourteen years before; but the proprietor of the place becoming insolvent, it had been spared, in lack of a better, to accommodate the servants who wrought on the farm; and it had now become not only a comfortless, but also a very unsafe dwelling. It would have formed no bad subject, ...
— My Schools and Schoolmasters - or The Story of my Education. • Hugh Miller

... were of little avail, the magistrate easily detected him in flagrant lies. He declared at first that he had paid the hundred thousand livres with his own money but when reminded of his various bankruptcies, the claims of his creditors, and the judgments obtained against him as an insolvent debtor, he made a complete volte-face, and declared he had borrowed the money from an advocate named Duclos, to whom he had given a bond in presence of a notary. In spite of all his protestations, the magistrate committed him to solitary ...
— Celebrated Crimes, Complete • Alexandre Dumas, Pere

... international trade. They are an indispensable means of intermediation only in so far as pecuniary interests are to be furthered or safeguarded in the intermediation. When, as has happened with the belligerents in the present instance, the national establishment becomes substantially insolvent, it is beginning to appear that its affairs can be taken care of with less difficulty and with better effect without the use of financial expedients. Of course, it takes time to get used to doing things by the more direct method and without the accustomed circumlocution of accountancy, ...
— An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation • Thorstein Veblen

... calculate the benefits which this acquisition of musical skill might prove to the English people. What bloodshed and tribulation it would prevent. Weare, or Maria Marten, like Stradella, might have disarmed their assassins; the Insolvent Act would be obsolete, and duns defeated; since hundreds of improvident wights, like Palma, might, by their strains, soften the hearts of their creditors, and draw tears from sheriff's officers. Chancery-lane would be depopulated, and Cursitor-street be left to the fowls of the air; locks would ...
— The Mirror of Literature, Amusement, and Instruction - Vol. 12, Issue 330, September 6, 1828 • Various

... a sense of public duty would again be the attributes of royalty. In this session, too, it conferred a boon upon Ireland, which earned little gratitude, by the consolidation of the British and Irish exchequers. Ireland was virtually insolvent before this measure was passed. With the union of the exchequers the union of the countries was completed. The administration, discredited by its financial policy, was strengthened in June by the acquisition of Canning, who succeeded Buckinghamshire ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick

... April 29, 1916. One might also mention for its verisimilitude the situation described at the end of Mr. F. Brett Young's novel The Iron Age (Secker, 1916), in which the insolvent ironworks of Mawne are saved in the nick of time by ...
— The World in Chains - Some Aspects of War and Trade • John Mavrogordato

... do!' And he said, 'How do you do!' And I said, 'I'm a relation,' and he said, 'I believe so.' And I said, 'I was educated at Harvard and in Leipsic; I am full of useless accomplishments, harmless erudition, and insolvent amiability, and I am otherwise perfectly worthless. Can ...
— Ailsa Paige • Robert W. Chambers

... that her scheme succeeded. "Neither Madam; he was a Wine Merchant." "Aye, I knew he was in some such low way—He broke did not he?" "I beleive not Ma'am." "Did not he abscond?" "I never heard that he did." "At least he died insolvent?" "I was never told so before." "Why, was not your FATHER as poor as a Rat" "I fancy not." "Was not he in the Kings Bench once?" "I never saw him there." She gave me SUCH a look, and turned away in a great passion; while I was half delighted with ...
— Persuasion • Jane Austen

... give one example out of a score—he had been 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 ...
— The Atlantic Monthly, Volume 20, No. 122, December, 1867 • Various

... immediately I first met with that afflicting spectacle, or rather spectre, that almost without intermission haunted me through the whole remainder of my tour, namely, stout stone-built cabins; unroofed for the purpose of evicting therefrom their insolvent tenants."—P. 110 ...
— The trade, domestic and foreign • Henry Charles Carey

... the very finest custom hand work,—a misfit, made for a gentleman in New York. A devout man, according to his leanings, could pray from the prayer-book of an impoverished Episcopalian, or sing from the hymn-book of an insolvent Baptist. ...
— Five Hundred Dollars - First published in the "Century Magazine" • Heman White Chaplin

... city home is dismantled and in the hands of decorators. I have been here one week, during which I have had not a single night of uninterrupted sleep, and I intend to stay until I have recuperated. Moreover, if Mr. Armstrong died insolvent, as I believe was the case, his widow ought to be glad to be rid of so expensive a ...
— The Circular Staircase • Mary Roberts Rinehart

... Guepe does not prosper; I will even admit that it only stands on one leg. In order to make it appear for a few months longer, I have recently been obliged to go to a money-lender, who has left me, instead of the classical stuffed crocodile, a trained horse which he had just taken from an insolvent circus. I mounted the noble animal to go to the Bois, but at the Place de la Concorde he began to waltz around it, and I was obliged to get rid of this dancing quadruped at a considerable loss. So your contribution to ...
— A Romance of Youth, Complete • Francois Coppee

... in the first stage, are very severe. In the Germanic middle age the insolvent was disgraced. He became the slave of his creditor (zu Hand und Halfter), who might imprison him, fetter him (stoecken und bloecken), and probably kill him. A Norwegian law allowed the creditor, when his debtor would not work and his friends would not ransom him, to take him before ...
— Principles Of Political Economy • William Roscher

... has lost his lien by reason of not having filed it in time, as the law requires. Afterward he goes to the executor and demands payment for the repairs that he has made. Let us suppose that the estate is insolvent and cannot pay all of its debts in full. At the time of making this contract neither party supposed this would happen. But, unhappily, debts have come to light so large and numerous that there is not property enough to pay all the creditors everything that is due them. The executor says to ...
— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various

... ago er better, a letter comes to hand Astin' how I'd like to dicker fer some Illinois land— "The feller that had owned it," it went ahead to state, "Had jest deceased, insolvent, ...
— Riley Love-Lyrics • James Whitcomb Riley

... sequestrated his estate, and as soon as practicable was going through the courts as an insolvent. The personal estate allowed him from the debris of his wealth he intended to settle on his aunts, and he hoped it might be sufficient to support them. Himself, he had the same prospects as the boundary-riders on ...
— My Brilliant Career • Miles Franklin

... entire satisfaction of his sovereign and of the nation. But while prosperity seemed to smile with increasing brilliancy, adversity was hovering near. In 1826, Archibald Constable and Company, the famous publishers of his works, became insolvent, involving in their bankruptcy the printing firm of the Messrs Ballantyne, of which Sir Walter was a partner. The liabilities amounted to the vast sum of L102,000, for which Sir Walter was individually ...
— The Modern Scottish Minstrel , Volume I. - The Songs of Scotland of the past half century • Various

... under the old law, imprisonment for debt did not always last for ever. A legacy, and the Insolvent Debtors Act, enabled Mr. Dickens to march out of durance, in some sort with the honours of war, after a few months' incarceration—this would be early in 1824;—and he went with his family, including Charles, ...
— Life of Charles Dickens • Frank Marzials

... happiness." Hence his pursuit is really legal. This is logic. G.A.S.] might have provoked a less fiery people than the Southrons. At the inception of the struggle a large amount of Southern indebtedness was held by the people of the North. To force payment from the generous but insolvent debtor—to obtain liquidation from the Southern planter—was really the soulless and mercenary object of the craven Northerners. Let the common people of England look to this. Let the improvident literary ...
— The Luck of Roaring Camp and Other Tales • Bret Harte

... grandfather was a scoundrel. It seems that he was immensely popular for the first year or so of his government, gave more splendid entertainments than had been given at Madras for half a century before his time, lavished his wealth upon his favourites. Then arose a rumour that the governor was insolvent and harassed by his creditors, and then a new source of wealth seemed to be at his command; he was more reckless, more princely than ever; and then, little by little, there arose the suspicion that ...
— Phantom Fortune, A Novel • M. E. Braddon

... circumstances. The services do not try to tell a man how he should provide for his family. Men of honor need no such reminder, though they may be bothered by the question: "How much can I afford?" On that point, sufficient to say that it is not more blessed to be insolvent and worried about debts from being overloaded with insurance than for any other reason. Many retired officers supplement their pay by selling insurance. When a young service officer wants insurance counsel, he will find that they ...
— The Armed Forces Officer - Department of the Army Pamphlet 600-2 • U. S. Department of Defense

... case, the Girard will, on corporations; his decisions on patent-rights and on copyrights; his opinions extending admiralty jurisdiction to inner waters, on liability of public officers, and rights of State or national taxation, on the liquor and passenger laws, on State insolvent laws, on commercial questions, on belligerent rights, and on the organization of States,—after doing service for the day in the mechanical branch of his craft, will soon be all forgotten. But the slavocrats' revolution of the last two generations, and the ...
— The Atlantic Monthly, Volume 15, No. 88, February, 1865 • Various

... cancelling of all debts due to them by the landlords and the farmers, was in some measure owing to the general bankruptcy which the succession of bad seasons had brought about. Men found themselves hopelessly insolvent, and there was no other way of cancelling their obligations than by getting rid of their creditors. So when the king announced that all the Jews should be transported out of the realm, you may be sure that there were very few Christians who were sorry for them. ...
— The Coming of the Friars • Augustus Jessopp

... war and all persons bought from foreigners were condemned to perpetual slavery. Others became slaves for limited periods,—freemen who married slaves, insolvent debtors, servants out of employment, and various other classes. As the legal interest of money was forty per cent., the enslavement of debtors must have been very common, and Russia was even then largely ...
— Historic Tales, Vol. 8 (of 15) - The Romance of Reality • Charles Morris

... long kept to themselves the right of deciding private controversies on equitable principles. They sat as a court of review, to grant new trials or review judgments. They passed acts of attainder. They settled insolvent estates.[Footnote: Wheeler's Appeal, 45 ...
— The American Judiciary • Simeon E. Baldwin, LLD

... imperfect statesmanship—and all statesmanship, it should be remembered, is imperfect—has failed in obtaining good results at all commensurate with its generally good intentions. Failure, however, is none the less failure because its causes admit of analysis. It is no defence to bankruptcy that an insolvent can, when brought before the Court, lucidly explain the errors which resulted in disastrous speculations. The failure of English statesmanship, explain it as you will, has produced the one last and greatest evil which misgovernment can cause. It has created hostility to the law in the minds ...
— Handbook of Home Rule (1887) • W. E. Gladstone et al.

... Under these circumstances, Morris could do nothing to procrastinate the crash; and, when it came, when prying eyes began to be applied to every joint of his behaviour, two questions could not fail to be addressed, sooner or later, to a speechless and perspiring insolvent. Where is Mr. Joseph Finsbury? and how about your visit to the bank? Questions, how easy to put!—ye gods, how impossible to answer! The man to whom they should be addressed went certainly to gaol, and—eh! what ...
— The Works of Robert Louis Stevenson - Swanston Edition Vol. 7 (of 25) • Robert Louis Stevenson

... a judge of the Insolvent Court, noticing a witness kiss his thumb instead of the Testament, after rebuking him said, "You may think to desave God, sir, ...
— Law and Laughter • George Alexander Morton

... because of general depression in trade throughout the country, on account of losses, or for other reasons, that business men become heavily involved in debt. They are said to be insolvent. Now, it is but just that such property as they have should be divided in some equitable way among the creditors. A bankrupt law secures such a division, and the debtor is, at the same time, freed from all legal ...
— Our Government: Local, State, and National: Idaho Edition • J.A. James

... improvident than other people similarly situated would be? Under the present system of credit transactions, indeed, it would be strange if a part of them were not careless and extravagant, and it would not be strange if a great majority were hopelessly improvident and insolvent. No man is more likely to waste his means than he who never knows how much he has to spend; and this general truth is not likely to fail in its application to men following a precarious calling in which there are great runs of luck, and who have been brought up from their ...
— Second Shetland Truck System Report • William Guthrie

... debts which were the legacy of an era of speculation, a considerable part of the population, especially of the farmer class, was demanding measures of relief which threatened the security of contracts. "Laws suspending the collection of debts, insolvent laws, instalment laws, tender laws, and other expedients of a like nature, were familiarly adopted or openly ...
— John Marshall and the Constitution - A Chronicle of the Supreme Court, Volume 16 In The - Chronicles Of America Series • Edward S. Corwin

... the gutter without bending his head down near the street. He read and studied terribly. Finally a friend offered to send him to Oxford, but he failed to keep his promise, and the boy had to leave. He returned home, and soon afterward his father died insolvent. He conquered adverse fortune and bodily infirmities with the fortitude ...
— How to Succeed - or, Stepping-Stones to Fame and Fortune • Orison Swett Marden

... south in Comanche County. If the cattle were as good as represented they were certainly a bargain, as the brand was offered straight through at four dollars and a half a head. It was represented that nothing had been sold from the brand in a number of years, the estate was insolvent, and the trustee was anxious to sell the entire stock outright. I was impressed with the opportunity, and early in the winter George Edwards and I rode down to look the situation over. By riding ...
— Reed Anthony, Cowman • Andy Adams

... they must retain or keep invested a sum equal to about two-thirds of all the premiums paid on all existing policies. The moment they part with any portion of this reserve for any purpose whatsoever, they are declared insolvent and wound up by a receiver. In other words, the corporation is d——d if it does and the policy holder is d——d if it doesn't. That the latter gets the sulphur bath goes without saying. The four largest old system ...
— Volume 10 of Brann The Iconoclast • William Cowper Brann

... kill them. These changes of temper prove that I do not break off kind. Let us mock other people, and let other people mock us; it is well done on both sides.—[Poor little De Staal: to what a posture have things come with you, in that fast-rotting Epoch, of Hypocrisies becoming all insolvent!] ...
— History of Friedrich II. of Prussia, Vol. XVI. (of XXI.) - Frederick The Great—The Ten Years of Peace.—1746-1756. • Thomas Carlyle

... this part of the Hinkle theory had failed, and then Miss Milray devolved upon the belief that he had run his tailor's bill or his shoemaker's. "They are delightful, those Russians, but they're born insolvent. I don't believe he's drowned himself. How," she broke off to ask, in a burlesque whisper, "is-the-old-tabby?" She laughed, for answer to her own question, and then with another sudden diversion she demanded of a look in Clementina's face which would not be laughed away, ...
— Henry James, Jr. • William Dean Howells

... that they may gorge themselves with the provincial luxuries and wealth? No doubt you heard in what way our friend the philosopher gave the place of praetorian prefect to one who but three days before was a bankrupt,—insolvent, by G—, and a beggar. Be not you content: that same gentleman is now as rich as a prefect should be; and has been so, I tell you, any time these three days. And how, I pray you, how—how, my good sir? How but out ...
— The Caesars • Thomas de Quincey

... circumstances, until his death in 1836. At about the same time Jefferson received what he called his coup de grace. He had endorsed a note of twenty thousand dollars for Governor Wilson C. Nicholas and upon his becoming insolvent was held to the full amount of the note. His only assets were his lands which would bring only a fifth of their former price. To sell on these ruinous terms was to impoverish himself and his family. His distress was pathetic. In desperation he applied ...
— Jefferson and his Colleagues - A Chronicle of the Virginia Dynasty, Volume 15 In The - Chronicles Of America Series • Allen Johnson

... a levy en masse for her very existence, he aids her by depreciating her paper, so that he may accumulate fabulous amounts with little outlay. If his neighbor is distressed, he buys his property for a song. If he administers upon an estate, it turns out insolvent, and the orphans are paupers. If his bank explodes, he is found to have taken care of himself in time. Society worships its paper-and-credit kings, as the old Hindus and Egyptians worshipped their ...
— Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry • Albert Pike

... Twelve Tables, codified in short, rude, and trenchant sentences—a legislation severe and rude like the semi-barbarous people for whom it was made. It punished the sorcerer who by magical words blasted the crop of his neighbor. It pronounced against the insolvent debtor, "If he does not pay, he shall be cited before the court; if sickness or age deter him, a horse shall be furnished him, but no litter; he may have thirty days' delay, but if he does not satisfy the debt in this time, the creditor may bind him with straps or chains of fifteen pounds ...
— History Of Ancient Civilization • Charles Seignobos

... think it necessary to hand over any [insolvent] persons to those who have become security for them, assume that right with confidence, because that will most effectually relieve my mind when I shall learn that this matter has been finally disposed of by you[734]. For if I were present you might give me words ...
— The Letters of Cassiodorus - Being A Condensed Translation Of The Variae Epistolae Of - Magnus Aurelius Cassiodorus Senator • Cassiodorus (AKA Magnus Aurelius Cassiodorus Senator)

... is the written Muhamedan law: the insolvent is always liable, but cannot be arrested or imprisoned whilst he remains insolvent, but continues always liable for the debt if he afterwards becomes solvent. The present Emperor of Marocco has lately published an edict. Hearing that his Jew subjects in London frequently became ...
— An Account of Timbuctoo and Housa Territories in the Interior of Africa • Abd Salam Shabeeny

... Lord High Chancellor of England, He was an eminent Christian, An energetic and merciful Statesman, And a still more eminent and merciful Judge. During his three years' tenure of office He abolished the ancient method of conveying land, The time-honoured institution of the Insolvent's Court, And The Eternity of Punishment. Toward the close of his early career, In the Judicial Committee of the Privy Council, He dismissed Hell with costs, And took away from the Orthodox members of the Church of England Their last ...
— History of the Warfare of Science with Theology in Christendom • Andrew Dickson White

... had never heard had been killed by a cow in Melbourne, and that under his will a legacy of three thousand pounds fell into the estate of a distant relative of my own who had died peacefully and utterly insolvent eighteen months previously, leaving me his sole heir and representative, and I put the ...
— Sketches in Lavender, Blue and Green • Jerome K. Jerome

... everything was now changed, and that for the worse. Mr. Persico, no longer under the influence of his wife, who had fallen a prey to cruel disease, lost heart, fell heavily in debt, and became at length hopelessly insolvent. Later, he is said to have been lost at sea on his way to Italy. The whole period of Miss Payson's second residence in Richmond was one of sharp trial and disappointment. But it brought out in a very vivid manner her disinterestedness and the generous warmth of her sympathies. ...
— The Life and Letters of Elizabeth Prentiss • George L. Prentiss

... to take charge of the Electric Light Company at a time when it was insolvent and in disgrace with the people, and he took the Corporation in hand on the specific understanding that he should be allowed to put his soul into it, that he should be allowed his own way for three years—in believing in people, and ...
— Crowds - A Moving-Picture of Democracy • Gerald Stanley Lee

... debts. Although the terms "bankruptcy" and "insolvency" are sometimes used indiscriminately, they have in legal and commercial usage distinct significations. When a person's financial liabilities are greater than his means of meeting them, he is said to be "insolvent"; but he may nevertheless be able to carry on his business affairs by means of credit, paying old debts by incurring new ones, and he may even, if fortunate, regain a position of solvency without his creditors ever being aware of his true condition. ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various

... not held in high esteem at St. Ogg's, and men who busied themselves with political questions were regarded with some suspicion, as dangerous characters; they were usually persons who had little or no business of their own to manage, or, if they had, were likely enough to become insolvent. ...
— The Mill on the Floss • George Eliot

... the newspaper office in which young Greeley was learning his trade became insolvent, and Greeley, then in his twentieth year, was released from his indentures. He tramped from office to office as a journeyman printer, and his father having removed to the then "new country of western Pennsylvania," the youngster, with ten dollars ...
— Great Men and Famous Women. Vol. 4 of 8 • Various

... and her keen abuse; And as their spirits wasted in the strife, Both took the Griffin's ready aid of life; But she with greater prudence—Harry tried More powerful aid, and in the trial died; Yet drew down vengeance: in no distant time, Th' insolvent Griffin struck his wings sublime; - Forth from her palace walk'd th' ejected queen, And show'd to frowning fate a look serene; Gay spite of time, though poor, yet well attired, Kind without love, ...
— The Borough • George Crabbe

... is insolvent may institute one of his slaves heir in his will, conferring freedom on him at the same time, so that he may become free and his sole and necessary heir, provided no one else takes as heir under the will, either because no one else was instituted at all, or because the person instituted ...
— The Institutes of Justinian • Caesar Flavius Justinian

... to L400 by that time, early in November, he must be ruined. You are the only person I can think of, of her acquaintance, and can, perhaps, if not yourself, recommend the person most likely to influence her. Shelley had engaged to clear him of all demands, and he has gone down to the deep insolvent. ...
— The Works of Charles and Mary Lamb (Vol. 6) - Letters 1821-1842 • Charles and Mary Lamb

... among the customers of a single bank, requiring only bookkeeping transfers. A fractional reserve is therefore ordinarily fully adequate, altho with any less than a 100 per cent reserve any bank would be insolvent if all of its demand obligations were presented at the same instant. Such a contingency is made impossible by business custom and public opinion especially among the larger customers of banks, but the panic of small depositors often brings ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter

... delivered over his personal effects—plate, books, furniture, etc.—to be held in trust for his creditors (the estate itself had been settled on his eldest son when he married), and bound himself to discharge annually a certain amount of the liabilities of the insolvent firm. He then, with his characteristic energy, set about the performance of his herculean task. He took cheap lodgings, abridged his usual enjoyments and recreations, and labored harder than ever. The death of his beloved lady increased the gloom which the change ...
— Great Men and Famous Women, Vol. 7 of 8 • Charles F. (Charles Francis) Horne

... is done, and done at once, by the policy-holders, each and every one of the largest companies may become insolvent; that is, they may not be able to meet the engagements of their policies, because of waste of funds, tremendous falling off of new business, tremendous cost of new business, and the nature of the new business—so-called ...
— Frenzied Finance - Vol. 1: The Crime of Amalgamated • Thomas W. Lawson

... "I am sorry to report that the Trescott estate is absolutely insolvent! It lacks a hundred thousand dollars of ...
— Aladdin & Co. - A Romance of Yankee Magic • Herbert Quick

... dirty, red beard, whose demeanour was at once timid and impudent. He saw him as he went and came, then saw him suddenly turn, lift the end of his caftan and wipe his cheek on it. What had happened? An insolvent debtor had spit in his face; he bore it smilingly. This smile was more repulsive to Count Abel than the great stain that resembled a ...
— Samuel Brohl & Company • Victor Cherbuliez

... company has already spent eight years and $260,000,000, and has accomplished little actual headway. An enormous amount of money has been wasted. The company is declared insolvent and a receiver is ...
— Gold Seekers of '49 • Edwin L. Sabin

... himself twenty-five hundred dollars worse than nothing. Several of his unpaid bills to eastern houses were placed in suit, and as he lived in a state where imprisonment for debt still existed, he was compelled to go through the forms required by the insolvent laws, to ...
— Graham's Magazine, Vol. XXXII No. 4, April 1848 • Various

... of the illness or death which I had feared and dreaded, but of something worse—disgrace. My father was an embezzler, a thief. He had absconded, had run away, like the coward he was, taking with him what was left of his stealings. The banking house of which he had been the head was insolvent. The police were on his track. And, worse and most disgraceful of all, he had not fled alone. There was a woman with him, a woman whose escapades had furnished the papers with ...
— The Rise of Roscoe Paine • Joseph C. Lincoln

... obtained a cruising vessel, which was lost in the Atlantic two years afterwards. The widow was left in affluence, but reverses of various kinds had befallen her: a bank broke; an investment failed; she went into a small business and became insolvent; then she entered into service, sinking lower and lower, from housekeeper down to maid-of-all-work,—never long retaining a place, though nothing decided against her character was ever alleged. She was considered sober, honest, ...
— The Lock and Key Library • Julian Hawthorne, Ed.

... shillings per week, all of which was necessary to the maintenance of yourself and family. We regret again to call to your notice the Statute of 16 Eliz., entitled, "Concerning the Imprisonment of Insolvent Debtors," which we trust you will not oblige us to invoke in aid of our suffering client's rights. To be lenient and merciful is his inclination, and we are happy to communicate to you this most favorable ...
— Shakespeare's Insomnia, And the Causes Thereof • Franklin H. Head

... which not only the great nobles but mechanics and other hidalgos were, exempt—had been able to earn and to lay by enough to offer the monarch fifty millions of dollars to purchase themselves out of semi-slavery into manhood, and yet found their offer rejected by an almost insolvent king. Nothing could exceed the idleness and the frivolity of the upper classes, as depicted by contemporary and not unfriendly observers. The nobles were as idle and as ignorant as their inferiors. They were not given to tournays nor ...
— The Rise of the Dutch Republic, 1555-1566 • John Lothrop Motley

... receipts for partial payments underneath. But he carefully preserves the note itself, for, thus mutilated, it will show, if necessary, that he had not received anything, and that, through patriotism, he had undoubtedly wished to force a contribution from a merchant, but, finding him insolvent, had humanely canceled the written obligation.[33116]—Such are the precautions taken in this business. Others, less shrewd, rob more openly, among others the mayor, the seven members of the military ...
— The Origins of Contemporary France, Volume 4 (of 6) - The French Revolution, Volume 3 (of 3) • Hippolyte A. Taine

... useful man in America. Nobody could cheat him. As soon as Hamilton became secretary of the treasury, he made Duer assistant secretary, an office which he held with credit until 1790, when he resigned to become the chief of a ring of speculators, who, two years later, left him insolvent and in jail. Hamilton's coalition also furnished the only instance of the political association of himself and Burr, although Burr's support of Yates is said to have been personal rather than political. The story is that Burr, seeking admission to the bar after reading law less than a ...
— A Political History of the State of New York, Volumes 1-3 • DeAlva Stanwood Alexander

... Trust Company insolvent?" he asked. "You say that the bank closed its doors this morning? Have you any idea of its condition? Looted? Is it entirely cleaned out? Is there no chance for depositors? I wish to inquire about the trust ...
— The Crimson Tide • Robert W. Chambers

... For long insolvent centuries We have been clothed and fed, By the spared captive, spared for once, By inches slain instead; He gave his service and is ...
— The Forerunner, Volume 1 (1909-1910) • Charlotte Perkins Gilman

... I went through the province by rail on my wedding journey. At Dorchester, the next village beyond Moncton, I was shown a place where insolvent debtors were ...
— The Reminiscences of an Astronomer • Simon Newcomb

... or against the husband and whatever the nature of the suit may be. The usual English practice is to allot as temporary alimony about one-fifth of the husband's net income; where it appears that the husband has no means or is in insolvent circumstances, the court will refuse to allot temporary alimony. So where the wife is supporting herself by her own earnings, this fact will be taken into consideration. And where the wife and husband have lived apart for many years before the institution ...
— Project Gutenberg Encyclopedia

... British ministry to make the attempt, under a promise that the colonies would give their best aid. But that Massachusetts should venture it alone, or with such doubtful help as her neighbors might give, at her own charge and risk, though already insolvent, without the approval or consent of the ministry, and without experienced officers or trained soldiers, was a startling suggestion to the sober-minded legislators of the General Court. They listened, however, with respect to the Governor's reasons, and appointed ...
— A Half-Century of Conflict, Volume II • Francis Parkman

... ounces for stealing, while the prosecuting witness was also fined one ounce for bothering the court with such a complaint. On another occasion the defendant, on being fined, was found to be totally insolvent. The alcalde thereupon ordered the plaintiff to pay the fine and costs for the reason that the court could not be expected to sit without remuneration. Though this naive system worked out well enough in the new and primitive community, ...
— The Forty-Niners - A Chronicle of the California Trail and El Dorado • Stewart Edward White

... could not be sold for slaves. Parents might sell their children; but they did not on that account entirely lose the right of citizens, for, when freed from slavery, they were called ingenui and libertini. The same was the case with insolvent debtors, who were given up to ...
— Roman Antiquities, and Ancient Mythology - For Classical Schools (2nd ed) • Charles K. Dillaway

... road was depreciated and borne down on the Exchange until the road became insolvent. All my money was in the road, and when the crisis came I found myself stranded. The King of the Rail Road Trust, Jacob L. Vosbeck, bought up the stock and then raised it to even a higher figure than it had ever ...
— The Transgressors - Story of a Great Sin • Francis A. Adams

... held a large portion of the community in dependence by means of advances at enormous usury. The law of debt, framed by creditors, and for the protection of creditors, was the host horrible that has ever been known among men. The liberty and even the life of the insolvent were at the mercy of the Patrician money-lenders. Children often became slaves in consequence of the misfortunes of their parents. The debtor was imprisoned, not in a public jail under the care of impartial public ...
— Lays of Ancient Rome • Thomas Babington Macaulay

... turn pale, and gnaw your lip—other people can plot and scheme as well as yourself: if I'm not paid before I leave this place, and that will be by to-night's mail, your uncle shall be told that his nephew is an insolvent gambler; and the old tutor, the Rev. Dr. Mildman, shall have a hint that his head pupil is ...
— Frank Fairlegh - Scenes From The Life Of A Private Pupil • Frank E. Smedley

... Biography, American History, Constitutions, Laws, Land Titles, Cities, Colleges, Army and Navy, Rate of Mortality, Growth of Cities, Insolvent and Assignment Laws, Debts, Rates of Interest, and other ...
— Thrilling Narratives of Mutiny, Murder and Piracy • Anonymous

... did again cruelly and inhumanly, and without any legal authority, order the said Durbege Sing to be strictly imprisoned; and the said Durbege Sing, in consequence of the vexations, hardships, and oppressions aforesaid, died in a short time after, insolvent, but whether in prison or not ...
— The Works of the Right Honourable Edmund Burke, Vol. VIII. (of 12) • Edmund Burke

... that to me? If we had to deny the obsequies to all who die without confession, we should forget the De profundis! These restrictions, as you well know, are enforced when the impenitent is also insolvent. But Capitan Tiago—out on you! You've buried infidel Chinamen, and ...
— The Reign of Greed - Complete English Version of 'El Filibusterismo' • Jose Rizal

... disfigured a countenance naturally well formed, and hurt his visual nerves so much that he did not see at all with one of his eyes." He had a morbid melancholy,—fits of dejection which made his life miserable. He was poor; and when, in 1731, his father died insolvent, he was obliged to leave the university without a degree. After fruitless attempts to establish a school, he married, in 1736, Mrs. Porter, a widow, who had L800. Rude and unprepossessing to others, she was sincerely loved by her husband, and deeply lamented when she died. In 1737 Johnson ...
— English Literature, Considered as an Interpreter of English History - Designed as a Manual of Instruction • Henry Coppee

... due time returned from their mission with the doleful intelligence that the late Captain St. Leger had died insolvent, so far as his foreign wealth was concerned. They swore in open court, for Mr. Temple summoned them to appear and obliged them to take oath, that they received not sufficient from the assets to defray the ...
— Hubert's Wife - A Story for You • Minnie Mary Lee

... finances of the Republic. The exchequer was only tardily replenished under a loose system of taxation. The Boers have never been good taxpayers, and no Government has been able to enforce the proper payment of taxes due to the State. A decade after its establishment the Republic was practically insolvent. Even as early as 1857 the Government was compelled to issue mandaten, or bills, wherewith to raise money to buy ammunition, and to pay its servants. In 1866 a regular issue of paper money was sanctioned by the Volksraad. This was followed by further issues, until, in 1867, ...
— South Africa and the Transvaal War, Vol. 1 (of 6) - From the Foundation of Cape Colony to the Boer Ultimatum - of 9th Oct. 1899 • Louis Creswicke

... the sale of the bonds was highly advantageous to the State, and in accordance with the injunctions of the charter, reflecting the highest credit on the Commissioners, and bringing timely aid to an embarrassed community.' In little more than two years, however, the Mississippi Bank became totally insolvent, having lost the entire five millions invested in it by the State. Immediately on this having transpired, the Governor of the State sent a message to the Legislature recommending them to repudiate (this was the first time the word was used) their obligations, ...
— The Continental Monthly, Vol. 4, No. 2, August, 1863 - Devoted to Literature and National Policy • Various

... letters! Some that please and some that bore, Some that threaten prison fetters (Metaphorically, fetters Such as bind insolvent debtors)— Invitations by ...
— The Bab Ballads • W. S. Gilbert

... things, that it seems almost as if it were necessary to become worthless as a practical being, if one is to hope to attain to any breadth of insight into the impersonal world of worths as such, to have any perception of life's meaning on a large objective scale. Only your mystic, your dreamer, or your insolvent tramp or loafer, can afford so sympathetic an occupation, an occupation which will change the usual standards of human value in the twinkling of an eye, giving to foolishness a place ahead of power, and laying low in a minute the distinctions which it takes a hard-working ...
— Talks To Teachers On Psychology; And To Students On Some Of Life's Ideals • William James

... firm of printers run by a rascal named Seepidge, who has been twice bankrupt and is now insolvent. His firm has been visited by the police for illegal printing several times, and the firm is in such a low condition that it has a job to pay its ...
— Bones in London • Edgar Wallace

... color and action, the background of which is the rather motley life of colonial Georgia, or rather of the time during which Georgia was being established as a colony for insolvent debtors through the efforts of General Oglethorpe. The suspicions and uneasiness existing in the midst of the heterogeneous population attracted to the new colony, the constant state of alarm from the threatened incursions by the Spanish from ...
— Ainslee's, Vol. 15, No. 6, July 1905 • Various

... pleased with his nieces, and promised to carry them back with him into New Hampshire, and (as they were to all appearance perfectly white) to introduce them into the society which by education they were fitted for. It appeared, however, that their father had died insolvent. The deficiency was very small: but it was necessary to make an inventory of the effects, to deliver to the creditors. This was done by the brother,—the executor. Some of the creditors called on him, and complained that he ...
— The Journal of Negro History, Volume 3, 1918 • Various

... near two years, my father was liberated by an Act for the benefit of insolvent debtors; he was then lost sight of for some time, at last, however, he made his appearance in the neighbourhood dressed like a gentleman, and seemingly possessed of plenty of money. He came to see me, took me into a field, and asked me how I was getting on. I told him I was dreadfully ...
— The Romany Rye - A Sequel to 'Lavengro' • George Borrow

... He began to think that it was not quite right. I do believe he had never thought so before, or thought about it. It was the first remonstrance I had ever made about my lot, and perhaps it opened up a little more than I intended. A back-attic was found for me at the house of an insolvent-court agent, who lived in Lant Street in the borough, where Bob Sawyer lodged many years afterwards. A bed and bedding were sent over for me, and made up on the floor. The little window had a pleasant prospect of a timber-yard; and when I took possession of ...
— The Life of Charles Dickens, Vol. I-III, Complete • John Forster

... of the Surface school was one day heard to boast that from his continually breaking his promises made to his creditors, they must imagine him to have been brought up in a court:—"Yes," replied a byestander, "the Insolvent's Court." ...
— The Mirror of Literature, Amusement, and Instruction, Vol. 10, No. - 287, December 15, 1827 • Various

... Let us cast in the air, Mary, His dark and gloomy fetters. Why should we be rack'd, When we think of the Act For relieving Insolvent Debtors. ...
— Punch, or the London Charivari, Volume 1, Complete • Various

... when they arm themselves with these circumstances, they forget two things: first, that the causes of the malady were anterior to emancipation; next, that the cure has come from emancipation itself. Before emancipation, Jamaica was insolvent, her plantations were mortgaged beyond their value, and its planting was threatened in other ways far more than now. Do you know what has since happened? Difficulties which appeared insoluble have been resolved; to-day, the cape is doubled, and men navigate in peace. At the present time, Jamaica ...
— The Uprising of a Great People • Count Agenor de Gasparin

... Convinc^d me of the Notorious Violation of the Rights of Mankind and which I think no Rational Man will Ever try to Justify. America my Earnest Prayer is that thou mayst preserve thy Own Freedom from any Insolvent Invaders who may attempt to Rob the of the Same—but be Sure to let Slavery of all kinds ever be Banish^d from ...
— Log-book of Timothy Boardman • Samuel W Boardman

... directed against Lord Redesdale's Insolvent Debtors Act, was presented by Romilly in the House of Commons, November 11, 1813, and by Lord Holland in the House of Lords, ...
— The Works of Lord Byron: Letters and Journals, Volume 2. • Lord Byron

... Carthage! But you would starve it if you remained there; it would become insolvent. Withdraw! The Republic will be grateful to you later for all this condescension. We are going to levy taxes immediately; your pay shall be in full, and galleys shall be equipped to take you back ...
— Salammbo • Gustave Flaubert

... and in the mean time suffer the cost of the spirits to accumulate by simple interest only, the whole town, at the end of the term, could not pay their rum bills. It can be no consolation that all other towns would be alike insolvent. ...
— Select Temperance Tracts • American Tract Society

... vexation, I was compelled to exemplify. Mr. Palethorp, the landlord, had a visage harsh and ill-favored, and he insisted on my discharging my debt. At this very early age, without having put in for my share of the gifts of fortune, I found myself in the state of an insolvent debtor. The demand harassed me so mercilessly that I could hold out no longer: the door being open, I took to my heels; and as the way was too plain to be missed, I ran home as fast as they could carry me. The scene of the terrors ...
— Library Of The World's Best Literature, Ancient And Modern, Vol 4 • Charles Dudley Warner

... true treasure? Gold says, "Not in me;" And "Not in me," the Diamond. Gold is poor; India's insolvent: seek it ...
— Architects of Fate - or, Steps to Success and Power • Orison Swett Marden

... aristocracy, and although she had written to New York for letters of introduction that would be useful in London, she was too impatient to await their arrival. Thus she came to secure the services of Lady Willow, the widow of Sir Debenham Willow, who had died abroad, insolvent, some years before, mourned by the creditors he ...
— A Woman Intervenes • Robert Barr

... to every one, Guly, I would give poor Blanche's history, or what I know of it; but to you I am certain I can do so safely. To begin then at the beginning: She was the daughter of one of the wealthiest bankers in this city, who died several yeas ago insolvent, and left his wife and child destitute. Of course, their former friends cut them, all except a very few; and they took a suite of rooms in the Third Municipality, and removed thither with their few articles of furniture, and ...
— The Brother Clerks - A Tale of New-Orleans • Xariffa

... at times to his drab-suited companion; but, on the whole, thinks that it would be an excellent world if the common people would adopt this harmless form of religion, which tolerates other opinions and does not give any leverage to kings, insolvent aristocrats, ...
— Hours in a Library - New Edition, with Additions. Vol. II (of 3) • Leslie Stephen

... clock. "I'll write home for funds," he decides; "but how am I to live while awaiting the remittance?" By giving more chits, only. He does this with a bold front for another month or so, and is doubly insolvent when the remittance finally comes to hand. Then he gives still more chits, and awaits another ...
— East of Suez - Ceylon, India, China and Japan • Frederic Courtland Penfield

... attempt at productive industry. It was the same thing as if all the farmers on each estate were to be bound to make up, annually, the same amount of rent to their landlord, no matter how many of them had become insolvent. We know how long the agriculture of Britain, in a period of declining prices and frequent disaster, would exist under such ...
— Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844 • Various

... Despite the general politeness and attention to us, we found a gloom overhanging the place: as at Whydah, its glories have departed, nor shall they ever return. The jollity, the recklessness, the gold ounces thrown in handfuls upon the monte-table, are things of the past: several houses are said to be insolvent, and the dearth of cloth is causing actual misery. Palm and ground-nut oil enable the agents only to buy provisions; the trade is capable of infinite expansion, but it requires time—as yet it supports only the two ...
— Two Trips to Gorilla Land and the Cataracts of the Congo Volume 2 • Richard F. Burton

... places. I should have been glad if Providence had allowed me to be a better father to you, a better husband to your poor mother—a better Christian, in fact—and had spared me the repeated humiliation of going through the Insolvent Debtors' Court. It is not always easy to understand the justice of these things: and it has often appeared to me that something of the favouritism which is the bane of our governments on earth must needs obtain at a higher tribunal. One man enters life with an entailed estate worth seventy ...
— Charlotte's Inheritance • M. E. Braddon

... between Lord Falkland and Mr. Howe reached its climax on the 21st February, 1846, when a despatch was brought down to the house, referring to the speaker, Mr. William Young, and his brother, George R. Young, as the associates of "reckless" and "insolvent" men—the reference being to Mr. Howe and his immediate political friends. When the despatch had been read, Mr. Howe became greatly excited, and declared amid much disorder that if "the infamous system" of libelling respectable colonists in despatches sent to the colonial office was continued, "without ...
— Canada under British Rule 1760-1900 • John G. Bourinot

... controls, and in some cases substantially owns, and by its money supports some of the leading presses of the country is now more clearly established. Editors to whom it loaned extravagant sums in 1831 and 1832, on unusual time and nominal security, have since turned out to be insolvent, and to others apparently in no better condition accommodations still more extravagant, on terms more unusual, and some without any security, have also been ...
— A Compilation of the Messages and Papers of the Presidents - Section 1 (of 2) of Volume 3: Andrew Jackson (Second Term) • James D. Richardson

... to shore up the insolvent U.S.A. economy and the resulting opposition of America's leading European trading partners is not reassuring. If western civilization has passed the zenith of its development and entered a period of decline and fragmentation even a figure of ...
— Civilization and Beyond - Learning From History • Scott Nearing

... society, had led him into many scrapes, out of which his father's money had in one way or another released him; but that source of safety had now failed. Old Rollet, having been too busy with the affairs of the nation to attend to his business, had died insolvent, leaving his son with nothing but his own wits to help him out of future difficulties; and it was not long before their exercise ...
— Little Classics, Volume 8 (of 18) - Mystery • Various

... clattering of white sticks and yellow sticks would be about his head! what a storm of gold keys would fly about the ears of the minister! what a shower of Georges, and thistles, and medals, and collars of S.S. would assail him at his first entrance into the antechamber, after an insolvent Christmas quarter!—a tumult which could not be appeased by all the harmony of the new year's ode. Rebellion it is certain there would be; and rebellion may not now, indeed, be so critical an event to those who engage in it, since its price ...
— The Works of the Right Honourable Edmund Burke, Vol. II. (of 12) • Edmund Burke

... the cost has been divided between landlord and tenant. It is a very common practice in Ireland to fix a rent for a tenant and to reduce that rent on the tenant executing certain improvements. No improving tenant, or one who pays his rent, is ever disturbed in possession of his farm—it is only the insolvent one that is put out, and by the time the landlord can obtain possession of the farm it is always in a most delapidated condition. An ejectment for non-payment of rent cannot be brought till a clear year's rent is due, and usually ...
— The Letters of "Norah" on her Tour Through Ireland • Margaret Dixon McDougall

... newspaper is a sufficiently hazardous speculation, but a theatre in the hands of an inexperienced manager is one of the most risky of all possible experiments; and the result in this case was so unfortunate, that A Beckett in the end had to seek the uncomfortable protection of the insolvent court. He was considerably indebted to Seymour for the illustrations to "Figaro," half of the debt thus incurred being money actually paid away by the artist to the engraver who executed the cuts from his drawings on the wood. Finding that A Beckett was in no position ...
— English Caricaturists and Graphic Humourists of the Nineteenth Century. - How they Illustrated and Interpreted their Times. • Graham Everitt

... in his relation to society, is a debtor who of necessity dies insolvent. The proprietor is an unfaithful guardian who denies the receipt of the deposit committed to his care, and wishes to be paid for his guardianship down ...
— What is Property? - An Inquiry into the Principle of Right and of Government • P. J. Proudhon

... The insolvent debtor, who in the majority of cases had studied his pleasures more than his constitution, was perhaps an even less desirable recruit than his cousin the emancipated convict. In his letters to the Navy Board, Capt. ...
— The Press-Gang Afloat and Ashore • John R. Hutchinson

... the landlords of some of the houses tenanted by working men without work, by dangerous characters, and by the very poor employed in unhealthy toil, dare not demand their rents, and can find no bailiffs bold enough to evict insolvent lodgers. At the present time speculating builders, who are fast changing the aspect of this corner of Paris, and covering the waste ground lying between the Rue d'Amsterdam and the Rue Faubourg-du-Roule, will no doubt alter the character of the inhabitants; for the trowel is a more civilizing ...
— Cousin Betty • Honore de Balzac

... at sunset. 'Tis a bad piece of business, Mathews. He died insolvent, and I am left without ...
— Mark Hurdlestone - Or, The Two Brothers • Susanna Moodie

... in 1945 from the Netherlands, a claim disputed, then recognized by the Dutch in 1949. In 1975 Indonesian troops occupied Portuguese East Timor. Current issues include implementing IMF-mandated reforms (particularly restructuring and recapitalizing the insolvent banking sector), effecting a transition to a popularly elected government, addressing longstanding grievances over the role of the ethnic Chinese business class and charges of cronyism and corruption, alleged human rights ...
— The 1999 CIA Factbook • United States. Central Intelligence Agency.

... second Earl of Albemarle. An amiable prodigal who filled various great offices, through the favour of Lady Yarmouth, who died insolvent.-D. [He married. in 1723, Lady Anne Lennox, daughter of Charles, first Duke of Richmond, and, whilst ambassador to the French court, died ...
— The Letters of Horace Walpole, Volume 1 • Horace Walpole

... bankrupt law I still regard as very desirable. The Constitution having given to Congress jurisdiction of this subject, it should be exercised and uniform rules provided for the administration of the affairs of insolvent debtors. The inconveniences resulting from the occasional and temporary exercise of this power by Congress and from the conflicting State codes of insolvency which come into force intermediately should be removed by the enactment of a simple, inexpensive, ...
— A Compilation of the Messages and Papers of the Presidents, Volume IX. • Benjamin Harrison

... this vile Pageantry, similar to Balthazzers quaffing in the holy vessels, did not pass long without a note of observation, for though Milne had scraped together much riches, yet, in a short time, he became an insolvent bankrupt, and was forced to flee to the Abbey; after which he became distracted, and died in great misery ...
— Biographia Scoticana (Scots Worthies) • John Howie

... La Salle was insolvent. Tonty had long served without pay. Douay says that he made the stay of the party at the fort very agreeable, and speaks of him, with some apparent compunction, as "ce brave Gentilhomme, toujours inseparablement attache aux interets du sieur de la Salle, doet ...
— France and England in North America, a Series of Historical Narratives, Part Third • Francis Parkman

... reversion, on the mortgageable value of which she and Ralph had been living for some time. Ralph Wotchett also had expectations. By profession he was an architect, but perhaps because of his expectations, he had always had bad luck. The involutions of the reasons why his clients died, became insolvent, abandoned their projects, or otherwise failed to come up to the scratch were followed by him alone in the full of their maze-like windings. The house they inhabited, indeed, was one of those he had designed for a ...
— Tatterdemalion • John Galsworthy

... ekspor'toy firm, a | firmo | feer'mo forwarding | eksped-o, -ado[8] | ekspeh'-doh, -dah'doh free on board | afranke sur sxipon | afrahn'keh soor (f.o.b.) | | sheep'ohn freightage | frajta prezo | frahy'tah preh'zo guarantee, a | garantio | garahntee'o imports | importoj | impohr'toy insolvent | nesolventa | nehsolvehn'ta insurance policy | asekura poliso | ahsehkoor'ah polee'so — premium | asekura premio | ahsehkoor'ah prehmee'oh insure, to | asekuri | ahsehkoo'ree introduction | prezento | prehzehn'toh —, letter of | prezenta letero | prehzehn'ta leteh'ro ...
— Esperanto Self-Taught with Phonetic Pronunciation • William W. Mann

... he went to Boston, I am told, to edit the "American Magazine of Useful Knowledge," for which he was to be paid a salary of six hundred dollars a year. The proprietors soon became insolvent, so that he received nothing, but he kept on just the same as if he had been paid regularly. The plan of the work proposed by the publishers of the magazine admitted no fiction into its pages. The magazine was printed on coarse paper and was illustrated by engravings painful to ...
— Yesterdays with Authors • James T. Fields

... Germany. At last this document appeared to be got out of the way, somehow; at all events it ceased to be the rock-ahead it had been; and Mrs. Micawber informed me that 'her family' had decided that Mr. Micawber should apply for his release under the Insolvent Debtors Act, which would set him free, she expected, in about ...
— David Copperfield • Charles Dickens

... bankrupt at last. Management after management tried its fortunes in the doomed little house, but without success. Desperate adventurers seized upon it as a last resource, or chose it as a place wherein to consummate their ruin. The Olympic was contiguous to the Insolvent Debtors' Court, in Portugal Street, and from the paint-pots of the Olympic scene-room to the whitewash of the commercial tribunal there was but ...
— The Atlantic Monthly, Volume 13, No. 80, June, 1864 • Various

... to pay in 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 ...
— Problems in American Democracy • Thames Ross Williamson

... pay a good deal better than hunting up the poor widows of insolvent merchants," said Mr. Jones to himself, as he walked the length of his store once or twice, rubbing his hands every now and then with irrepressible glee. "If I'd been led off by Smith on that fool's errand, just see what I ...
— Finger Posts on the Way of Life • T. S. Arthur

... the year 1677 he petitioned the Emperor Leopold—who was a great patron and lover of music—to render him pecuniary assistance, but failed to procure it. Over-burdened with troubles, he was bereft of his reason, and died insane and insolvent in ...
— The Violin - Its Famous Makers and Their Imitators • George Hart

... indebted to him would be proportionately abated. It is not going too far to say that, within a year after a blow had been struck at the public funds, one-half of the whole trading classes would find themselves insolvent. None would be able to stand the shock but those possessed of considerable capital. The majority who carried the measure would, for the most part, be ruined by its effects. This consequence is not a remote ...
— Blackwood's Edinburgh Magazine, No. CCCLXXVI. February, 1847. Vol. LXI. • Various

... 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, it was said, to such an extent, as to ...
— Modern Skepticism: A Journey Through the Land of Doubt and Back Again - A Life Story • Joseph Barker

... thus helping to support me from her hard earnings, the three hundred dollars she had lent her mistress were never repaid. When her mistress died, her son-in-law, Dr. Flint, was appointed executor. When grandmother applied to him for payment, he said the estate was insolvent, and the law prohibited payment. It did not, however, prohibit him from retaining the silver candelabra, which had been purchased with that money. I presume they will be handed down in the family, from ...
— Incidents in the Life of a Slave Girl - Written by Herself • Harriet Jacobs (AKA Linda Brent)

... one continued lottery, with every day a blank; and as to horses, I had eleven in my stables already. Perhaps she thought twelve would read better in my schedule, when I, next week, surrendered as insolvent. ...
— The Confessions of Harry Lorrequer, Complete • Charles James Lever (1806-1872)

... indispensable, and so little can as yet be furnished, probably Imposture is of sanative, anodyne nature, and man's Gullibility not his worst blessing. Suppose your sinews of war quite broken; I mean your military chest insolvent, forage all but exhausted; and that the whole army is about to mutiny, disband, and cut your and each other's throat,—then were it not well could you, as if by miracle, pay them in any sort of fairy-money, feed them on coagulated water, or mere imagination of meat; whereby, till ...
— Sartor Resartus, and On Heroes, Hero-Worship, and the Heroic in History • Thomas Carlyle

... about it, instead of being invested in plain, business, practical hands—if it hoarded when it ought to spend—if it got by cringing and fawning what it never deserved, I might possibly impress you very much by my indignation. If its managers could tell me that it was insolvent, that it was in a hopeless condition, that its accounts had been kept by Mr. Edmunds—or by "Tom,"—if its treasurer had run away with the money-box, then I might have made a pathetic appeal to your feelings. But I have no such chance. Just as a nation is happy whose records are barren, ...
— Speeches: Literary and Social • Charles Dickens

... trophies. For many years Pompey had done nothing to sustain or to revive his obsolete reputation. Capua or other great towns knew him only as a great proprietor. And let us ask this one searching question—Was the poor spirit-broken insolvent, a character now so extensively prevailing in Italian society, likely to sympathize more heartily with the lordly oligarch fighting only for the exclusive privileges of his own narrow order, or with the great reformer who amongst a thousand plans for reinfusing ...
— The Posthumous Works of Thomas De Quincey, Vol. II (2 vols) • Thomas De Quincey

... burst, and high-pressure boilers blow up, and mountebanks of all descriptions flourish on public credulity. Everywhere there are wars and rumours of wars. The Peace Society has wound up its affairs in the Insolvent Court of Prophecy. A great tribulation is coming on the earth, and Apollyon in person is to be perpetual dictator all the nations. There is, to be sure, one piece of news your line, but it will be no news to you. There is a meeting of the Pantopragmatic Society, under the presidency ...
— Gryll Grange • Thomas Love Peacock

... guests of the house, Mr. Paul was the most liked and most respected. He paid well and punctually, while the others hung back for a long time, if indeed they did not vanish insolvent. Besides which he acted as a sort of walking advertisement for the establishment, inasmuch as his father was a senator. And when a stranger would inquire: "Who on earth is that little chap who thinks so much of himself because of his ...
— The Works of Guy de Maupassant, Volume IV (of 8) • Guy de Maupassant

... indemnify their securities, by the payment of one pound a year each, and if each had given security for 500l., it is obvious that two in each year might become defaulters to that amount, four to half the amount, and so on, without rendering the guarantee fund insolvent. If it be tolerably well ascertained that the instances of dishonesty (yearly) among such persons amount to one in five hundred, this club would continue to exist, subject to being in debt in a bad year, to an amount ...
— Vestiges of the Natural History of Creation • Robert Chambers

... opposition to his own professed ideas as to the duties of the nobility, he has joined a commercial undertaking, for which he constantly draws bills which, as they fall due, threaten both his honor and his fortune, since they stamp him as a trader, and in default of payment may lead to his being declared insolvent; that these debts, which are owing to stationers, printers, lithographers, and print-colorists, who have supplied the materials for his publication, called A Picturesque History of China, now coming out in parts, are so heavy that these tradesmen have requested ...
— The Commission in Lunacy • Honore de Balzac

... ovation, in consideration of the great and magnanimous daring of the Alexanders and Caesars on a small scale, to whom the law adjudges the "palmam qui meruit ferat." The real and true test of a refined polity is not the gallows; but is 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 ...
— The Mirror of Literature, Amusement, and Instruction - Volume 14, No. 381 Saturday, July 18, 1829 • Various

... procured her a position, a good education. Learning that she was heiress to a considerable property left by a grandfather, the society took active steps in France to secure to her her rights. Unfortunately, the agent who had possession of the estate became insolvent after having squandered the property, and it was impossible to recover it. The society continued to care for the young girl up to the day of her marriage to a young man enjoying a regular salary of $1,200, and worthy of her in ...
— The Bay State Monthly, Volume II. No. 2, November, 1884 • Various

... preaching all the way thro' the colonies to Georgia. The settlement of that province had lately been begun, but, instead of being made with hardy, industrious husbandmen, accustomed to labour, the only people fit for such an enterprise, it was with families of broken shop-keepers and other insolvent debtors, many of indolent and idle habits, taken out of the jails, who, being set down in the woods, unqualified for clearing land, and unable to endure the hardships of a new settlement, perished in numbers, leaving many helpless ...
— Autobiography of Benjamin Franklin • Benjamin Franklin

... adventurer is exactly the same. If he succeeds, he may secure an independency. If he is unsuccessful, his person and services are at the disposal of another; for in Africa, not only the effects of the insolvent, but even the insolvent himself, are sold to satisfy the lawful demands ...
— Life and Travels of Mungo Park in Central Africa • Mungo Park

... morning, the bankruptcy of Mr. Draper was announced. No blame was attached to him, though the sum for which he became insolvent was immense, and swallowed up many a hard-earned fortune. Where was Howard's little capital?—Gone with the rest—principal and ...
— Rich Enough - a tale of the times • Hannah Farnham Sawyer Lee

... into partnership by Matthew Boulton in 1762, devoting himself principally to the foreign agencies. Many of the branches of trade in which he was connected proved failures, and he died insolvent in 1782, while Boulton breasted the storm, and secured fortune by means of his steam engines. He did not, however, forget his first ...
— Showell's Dictionary of Birmingham - A History And Guide Arranged Alphabetically • Thomas T. Harman and Walter Showell

... Johnson was, that she had a good understanding and great sensibility, but inclined to be satirical. Her first husband died insolvent [this is a mistake, see ante, i. 95, n. 3]; her sons were much disgusted with her for her second marriage; ... however, she always retained her affection for them. While they [Mr. and Mrs. Johnson] resided ...
— Life of Johnson, Volume 6 (of 6) • James Boswell

... between Richelieu's Ministry and the Chamber, nor indeed the principal one. The Budget excited fiercer passions, and raised greater issues. It was for no mere scheme of finance that the Government had to fight, but against a violation of public faith which would have left France insolvent and creditless in the face of the Powers who still held its territory in pledge. The debt incurred by the nation since 1813 was still unfunded. That part of it which had been raised before the summer of 1814 had been secured by law upon the unsold forests formerly belonging ...
— History of Modern Europe 1792-1878 • C. A. Fyffe

... such eminence in himself, promoted exertion in others; which, when prudence guided the helm, led on to fortune: But the bold adventurer who crouded sail, without ballast and without rudder, has been known to overset the vessel, and sink insolvent. ...
— An History of Birmingham (1783) • William Hutton

... the losses at present sustained. If these were shortened to 6, 9, and 12 months, and ware-houses provided by Government sufficient to receive the goods offered in deposit for security and for debenture, and if the right of the United States to a priority of payment out of the estates of its insolvent debtors were more effectually secured, this evil would in a great measure be obviated. An authority to construct such houses is therefore, with the proposed alteration of the credits, ...
— State of the Union Addresses of Andrew Jackson • Andrew Jackson



Words linked to "Insolvent" :   loser, solvent, failure, unsuccessful person, nonstarter, belly-up, insolvency



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