Mortomley's Estate: A Novel. Vol. 3 (of 3)Riddell, J. H., Mrs.
General
Mortomley's Estate: A Novel. Vol. 3 (of 3)
Riddell, J. H., Mrs.
Bankruptcy -- Fiction; England -- Fiction
As Mr. Kleinwort had prophesied, the colour works at Homewood were
eventually stopped with a suddenness for which no one connected either
with the manufacturing or liquidating part of the business was at all
prepared. All in a hurry Mr. Swanland summoned a meeting of the
Committee, and informed them that as he could no longer carry on the
works with a reasonable hope of profit, he thought the best thing which
could be done would be to sell off the stock, advertise the lease of the
premises for sale, and offer the goodwill of the business to
competition.
All of which Mr. Forde naturally opposed; but his being the only
dissentient voice amongst the members of the Committee, all of whom had
long ago become perfectly sick of Mortomley's Estate, and Mortomley's
affairs, the course recommended by the trustee was decided upon.
"What dividend are you going to give us then?" asked the man who had put
so "good a thing" in Mr. Swanland's way.
"Impossible to tell till we see what the stock fetches," was the reply.
"But surely out of the profits of working the business, you can declare
a first dividend? My directors would be very much pleased to see
something tangible out of the concern," remonstrated Mr. Forde; hearing
which the opposition colour maker laughed, and said, "No doubt they
would," and Mr. Swanland declared the whole statement about profit and
so forth had been an imposition. He would not say any person had
wilfully deceived him, but the more he saw of the Homewood works, the
more fully he felt satisfied they had never returned anything except a
loss.
It was all very well to represent the profit on goods sent out as
large--no doubt it was large apparently; but when those goods came to be
returned on hand with freight and dock charges, and law charges, and
Heaven only knew what besides, the profit became a loss.
That was his, Mr. Swanland's, experience; and, of course, as Mr.
Swanland's management could not be supposed other than perfect, his
experience was generally accepted as correct. When he said Mortomley
could never have made a sixpence out of the concern, creditors shook
their heads, and said,
"Ah! that is how our money went," as if legitimate business was some
sort of game, at which any man in his senses would continue to play if
he were not making a profit out of it.
However, the trustee who understands his business, always hints that his
client is either a rogue or a fool. It is safer, perhaps, to imply the
latter, because in that case the trustee obtains credit for kindliness
of feeling; but there may be occasions on which it is necessary to speak
more strongly, and this proved to be one of them.
That unhappy Mortomley had given up everything he possessed on earth,
except his own and his wife's wearing apparel, to Mr. Swanland, acting
for the debtor and the creditors, and still Mr. Swanland was not
satisfied.
Public-domain text, read in full here on John Shaqi.
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