|
The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from Melmoth Reconciled by Honore de Balzac: and live upon bread and water, he was so unable to do without her or
to change his habits of life, that daily he put off his plans of
reform until the morrow. The debts were pressing, and he began by
borrowing money. His position and previous character inspired
confidence, and of this he took advantage to devise a system of
borrowing money as he required it. Then, as the total amount of debt
rapidly increased, he had recourse to those commercial inventions
known as accommodation bills. This form of bill does not represent
goods or other value received, and the first endorser pays the amount
named for the obliging person who accepts it. This species of fraud is
tolerated because it is impossible to detect it, and, moreover, it is
|