"Yes; when his failure is imminent, the court of commerce, to which he is amenable (please follow me attentively), has the power, by a decree, to appoint a receiver. Liquidation, you understand, is not the same as failure. When a man fails, he is dishonored; but when he merely liquidates, he remains an honest man.""T-t-that's very d-d-different, if it d-d-doesn't c-c-cost m-m-more,"said Grandet.
"But a liquidation can be managed without having recourse to the courts at all. For," said the president, sniffing a pinch of snuff, "don't you know how failures are declared?""N-n-no, I n-n-never t-t-thought," answered Grandet.
"In the first place," resumed the magistrate, "by filing the schedule in the record office of the court, which the merchant may do himself, or his representative for him with a power of attorney duly certified.
In the second place, the failure may be declared under compulsion from the creditors. Now if the merchant does not file his schedule, and if no creditor appears before the courts to obtain a decree of insolvency against the merchant, what happens?""W-w-what h-h-happens?"
"Why, the family of the deceased, his representatives, his heirs, or the merchant himself, if he is not dead, or his friends if he is only hiding, liquidate his business. Perhaps you would like to liquidate your brother's affairs?""Ah! Grandet," said the notary, "that would be the right thing to do.
There is honor down here in the provinces. If you save your name--for it is your name--you will be a man--""A noble man!" cried the president, interrupting his uncle.
"Certainly," answered the old man, "my b-b-brother's name was G-G-Grandet, like m-m-mine. Th-that's c-c-certain; I d-d-don't d-d-deny it. And th-th-this l-l-liquidation might be, in m-m-many ways, v-v-very advan-t-t-tageous t-t-to the interests of m-m-my n-n-nephew, whom I l-l-love. But I must consider. I don't k-k-know the t-t-tricks of P-P-Paris. I b-b-belong to Sau-m-mur, d-d-don't you see?
M-m-my vines, my d-d-drains--in short, I've my own b-b-business. Inever g-g-give n-n-notes. What are n-n-notes? I t-t-take a good m-m-many, but I have never s-s-signed one. I d-d-don't understand such things. I have h-h-heard say that n-n-notes c-c-can be b-b-bought up.""Of course," said the president. "Notes can be bought in the market, less so much per cent. Don't you understand?"Grandet made an ear-trumpet of his hand, and the president repeated his words.
"Well, then," replied the man, "there's s-s-something to be g-g-got out of it? I k-know n-nothing at my age about such th-th-things. Il-l-live here and l-l-look after the v-v-vines. The vines g-g-grow, and it's the w-w-wine that p-p-pays. L-l-look after the v-v-vintage, t-t-that's my r-r-rule. My c-c-chief interests are at Froidfond. Ic-c-can't l-l-leave my h-h-house to m-m-muddle myself with a d-d-devilish b-b-business I kn-know n-n-nothing about. You say I ought to l-l-liquidate my b-b-brother's af-f-fairs, to p-p-prevent the f-f-failure. I c-c-can't be in two p-p-places at once, unless I were a little b-b-bird, and--""I understand," cried the notary. "Well, my old friend, you have friends, old friends, capable of devoting themselves to your interests.""All right!" thought Grandet, "make haste and come to the point!""Suppose one of them went to Paris and saw your brother Guillaume's chief creditor and said to him--""One m-m-moment," interrupted the goodman, "said wh-wh-what? Something l-l-like this. Monsieur Gr-Grandet of Saumur this, Monsieur Grandet of Saumur that. He l-loves his b-b-brother, he loves his n-nephew.
Grandet is a g-g-good uncle; he m-m-means well. He has sold his v-v-vintage. D-d-don't declare a f-f-failure; c-c-call a meeting;l-l-liquidate; and then Gr-Gr-Grandet will see what he c-c-can do.
B-b-better liquidate than l-let the l-l-law st-st-stick its n-n-nose in. Hein? isn't it so?""Exactly so," said the president.
"B-because, don't you see, Monsieur de B-Bonfons, a man must l-l-look b-b-before he l-leaps. If you c-c-can't, you c-c-can't. M-m-must know all about the m-m-matter, all the resources and the debts, if you d-d-don't want to be r-r-ruined. Hein? isn't it so?""Certainly," said the president. "I'm of opinion that in a few months the debts might be bought up for a certain sum, and then paid in full by an agreement. Ha! ha! you can coax a dog a long way if you show him a bit of lard. If there has been no declaration of failure, and you hold a lien on the debts, you come out of the business as white as the driven snow.""Sn-n-now," said Grandet, putting his hand to his ear, "wh-wh-what about s-now?""But," cried the president, "do pray attend to what I am saying.""I am at-t-tending."
"A note is merchandise,--an article of barter which rises and falls in prices. That is a deduction from Jeremy Bentham's theory about usury.
That writer has proved that the prejudice which condemned usurers to reprobation was mere folly.""Whew!" ejaculated the goodman.
"Allowing that money, according to Bentham, is an article of merchandise, and that whatever represents money is equally merchandise," resumed the president; "allowing also that it is notorious that the commercial note, bearing this or that signature, is liable to the fluctuation of all commercial values, rises or falls in the market, is dear at one moment, and is worth nothing at another, the courts decide--ah! how stupid I am, I beg your pardon--I am inclined to think you could buy up your brother's debts for twenty-five per cent."
"D-d-did you c-c-call him Je-Je-Jeremy B-Ben?""Bentham, an Englishman.'
"That's a Jeremy who might save us a lot of lamentations in business,"said the notary, laughing.
