bankruptcy

Morrel is utterly ruined; he has lost five ships in two years, has suffered by the bankruptcy of three large houses, and his only hope now is in that very Pharaon which poor Dantès commanded, and which is expected from the Indies with a cargo of cochineal and indigo.

He has lost four or five vessels, and suffered by three or four bankruptcies; but it is not for me, although I am a creditor myself to the amount of ten thousand francs, to give any information as to the state of his finances.

“It looks more like bankruptcy!” exclaimed M.

I call those first-rate which are composed of treasures one possesses under one’s hand, such as mines, lands, and funded property, in such states as France, Austria, and England, provided these treasures and property form a total of about a hundred millions; I call those second-rate fortunes, that are gained by manufacturing enterprises, joint-stock companies, viceroyalties, and principalities, not drawing more than 1,500,000 francs, the whole forming a capital of about fifty millions; finally, I call those third-rate fortunes, which are composed of a fluctuating capital, dependent upon the will of others, or upon chances which a bankruptcy involves or a false telegram shakes, such as banks, speculations of the day—in fact, all operations under the influence of greater or less mischances, the whole bringing in a real or fictitious capital of about fifteen millions.