The Parisians — Volume 01Lytton, Edward Bulwer Lytton, Baron
General
The Parisians — Volume 01
Lytton, Edward Bulwer Lytton, Baron
English fiction -- 19th century; Paris (France) -- Social life and customs -- 19th century -- Fiction
By the help of the family notary in the neighbouring town, he made
himself master of his liabilities and his means; and he found that, after
paying all debts and providing for the interest of the mortgages, a
property which ought to have realized a rental of L10,000 a year yielded
not more than L400. Nor was even this margin safe, nor the property out
of peril; for the principal mortgagee, who was a capitalist in Paris
named Louvier, having had during the life of the late Marquis more than
once to wait for his half-yearly interest longer than suited his
patience,--and his patience was not enduring,--plainly declared that if
the same delay recurred he should put his right of seizure in force; and
in France still more than in England, bad seasons seriously affect the
security of rents. To pay away L9,600 a year regularly out of L10,000,
with the penalty of forfeiting the whole if not paid,--whether crops may
fail, farmers procrastinate, and timber fall in price,--is to live with
the sword of Damocles over one's head.
For two years and more, however, Alain met his difficulties with prudence
and vigour; he retrenched the establishment hitherto kept at the chateau,
resigned such rural pleasures as he had been accustomed to indulge, and
lived like one of his petty farmers. But the risks of the future
remained undiminished.
"There is but one way, Monsieur le Marquis," said the family notary,
M. Hebert, "by which you can put your estate in comparative safety.
Your father raised his mortgages from time to time, as he wanted money,
and often at interest above the average market interest. You may add
considerably to your income by consolidating all these mortgages into one
at a lower percentage, and in so doing pay off this formidable mortgagee,
M. Louvier, who, I shrewdly suspect, is bent upon becoming the proprietor
of Rochebriant. Unfortunately those few portions of your land which were
but lightly charged, and, lying contiguous to small proprietors, were
coveted by them, and could be advantageously sold, are already gone to
pay the debts of Monsieur the late Marquis. There are, however, two
small farms which, bordering close on the town of S_____, I think I could
dispose of for building purposes at high rates; but these lands are
covered by M. Louvier's general mortgage, and he has refused to release
them, unless the whole debt be paid. Were that debt therefore
transferred to another mortgagee, we might stipulate for their exception,
and in so doing secure a sum of more than 100,000 francs, which you could
keep in reserve for a pressing or unforeseen occasion, and make the
nucleus of a capital devoted to the gradual liquidation of the charges on
the estate. For with a little capital, Monsieur le Marquis, your rent-
roll might be very greatly increased, the forests and orchards improved,
those meadows round S_____ drained and irrigated. Agriculture is
beginning to be understood in Bretagne, and your estate would soon double
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account