Finger Posts on the Way of Life by T. S. (Timothy Shay) Arthur
page 59 of 232 (25%)
page 59 of 232 (25%)
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security for six months, when the debt, with costs and interest, has
to be paid." "Legal interest?" asked Wolford. "Certainly," replied the magistrate, with a smile. "It is a legal matter, and only legal interest can be charged." "Oh, of course! I didn't think of that." "Very well: after a judgment is obtained, in five cases out of six the prosecutor is sick, of the business, and perfectly willing to sell out the judgment and have no more to do with it. The best business in the world is to buy these judgments. You can make at least forty per cent. per annum." "What!" "Forty per cent." "Forty per cent!" and Wolford's eyes sparkled. "Are you sure?" "Oh, yes. If I were allowed to buy them, as I am not, I would wish no better business." "You think it safe?" "Nothing can be safer. If the judgment is not paid at the end of six months, you can go to work immediately, with an execution, on the property of the original debtor, or his security, as you may think |
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