Several banking firms and many individual creditors were ruined by the death of the pope.
To escape the urgent demands of his creditors, he VIII.
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.
Another state could do so, however, and in 1904, certain creditors having given ten of their bonds to South Dakota, the case of South Dakota versus North Carolina came before the Supreme Court.