The effort to come to close quarters with reality is visible in every phrase. The denial of the value of all the old romantic stage machinery, with its artificial climaxes and explosive effects, is perceptible in the quiet endings of the acts and the entirely unsensational exposition of the dramatic action. There is one scene (and by no means an unnatural one) in which there is a touch of violence, viz., where Tjaelde, while he hopes to avert his bankruptcy, threatens to shoot Lawyer Berent and himself; but there is a very human quiver in the threat and in the passionate outbreak which precedes it. Nowhere is there a breath of that superheated hot-house atmosphere which usually pervades the modern drama. "Bankruptcy" deals, as the title indicates, with the question of financial honesty. Zola has in _Le Roman Sentimental_ made the observation that "absolute honesty no more exists than perfect healthfulness. There is a tinge of the human beast in us all, as there is a tinge of illness." Tjaelde, the great merchant, exemplifies this proposition. He is a fairly honest man, who by the modern commercial methods, which, in self-defence, he has been forced to adopt, gets into the position of a rogue. The commandment, "Thou shalt not steal," seems at first glance an extremely simple injunction; but in the light of Bjoernson's searching analysis it becomes a complex and intricate tangle, capable of interesting shades and _nuances_ of meaning. Tjaelde, in the author's opinion, certainly does steal, when, in order to save himself (and thereby the thousands who are involved in his affairs), he speculates with other people's money and presents a rose-colored account of his business, when he knows that he is on the verge of bankruptcy. But, on the other hand, it is extremely difficult to determine the point where legitimate speculation ceases and the illegitimate begins. And if Tjaelde neglected any legitimate means of saving his estate he would be culpable. A stern code of morals (which the commercial world of to-day would scarcely exact), the poet enforces in the fourth act, where Tjaelde refuses to accept any concession from his creditors, but insists upon devoting the remainder of his life to the liquidation of his debts.