Bankruptcy

Lands are the true wealth of a state

Why don’t people want to pay off their debts?

D*Argenson, Custodian of the Great Seal, proposed to the duke that an augmentation of all gold and sil­ ver coins be accomplished, by reminting the gold coins andraisingtheirvaluebyalmostathird. Thus,under a different guise and with a longer circulatibn, non­ payment of the rest of the notes and their destruction wouldbeaccomplished. Intheend,asallwisemenhad predicted — and as was inevitable — the court would
accomplish a general bankruptcy.