An Essay Upon Projects by Daniel Defoe
page 116 of 185 (62%)
page 116 of 185 (62%)
![]() | ![]() |
|
your family. I cannot see why any man should think I am bound in
conscience to pay the extravagance of other men. If my creditors spend 500 pounds in getting in my estate by a statute, which I offered to surrender without it, I'll reckon that 500 pounds paid them, let them take it among them, for equity is due to a bankrupt as well as to any man, and if the laws do not give it us, we must take it." This is too rational discourse not to please him, and he proceeds by this advice; the creditors cannot agree, but take out a statute; and the man that offered at first it may be 10s. in the pound, is kept in that cursed place till he has spent it all and can offer nothing, and then gets away beyond sea, or after a long consumption gets off by an act of relief to poor debtors, and all the charges of the statute fall among the creditors. Thus I knew a statute taken out against a shopkeeper in the country, and a considerable parcel of goods too seized, and yet the creditors, what with charges and two or three suits at law, lost their whole debts and 8s. per pound contribution money for charges, and the poor debtor, like a man under the surgeon's hand, died in the operation. 2. Another evil that time and experience has brought to light from this act is, when the debtor himself shall confederate with some particular creditor to take out a statute, and this is a masterpiece of plot and intrigue. For perhaps some creditor honestly received in the way of trade a large sum of money of the debtor for goods sold him when he was sui juris, and he by consent shall own himself a bankrupt before that time, and the statute shall reach back to bring in an honest man's estate, to help pay a rogue's debt. Or a man shall go and borrow a sum of money upon a parcel of goods, and |
|