With these the creditors could purchase national land, the assignatshaving, for this purpose, the preference over other forms of money.
The Law company eventually came to an end fatal to its creditors in France, but its misfortunes did not check the prosperity of " Louisiana."
The debts of the former are stated in the preface to the budget to be very large, and as payments are effected fresh creditors present themselves with undeniable vouchers in their hands, causing much embarrassment to the minister of finance: no figures, however, are given.
Now and then it has been dealt with piecemeal, when some particular class of creditors has become too pressing, but it is more than probable that the piece got rid of has been more or less rapidly replaced by fresh liabilities occasioned by budgetary deficits, or by the mere accumulation of interest on debts allowed to run on.
Byllynge, having become embarrassed in his circumstances, placed his interest in the land in the hands of Penn and Bothers as trustees for his creditors; they invited buyers, and companies of Quakers in Yorkshire and London were amongst :the largest purchasers.