chased yielded him about
fourteen hundred a year. To sell this, and build, with the proceeds,
a splendid mansion, from which no income could possibly arise,
seemed to him an act of egregious folly. But any thing for peace. To
sell it, and put the money in his business, was a much more
desirable act, instead of borrowing money, at an exorbitant
interest, in order to make his payments. He had more than once
thought of doing this. At the time the investment was made, his
business operations were light, and he did not need the use of over
ten thousand dollars of the timely legacy he had received. Since
then his business had increased, and with this increase came the
need of more ready money than he could command. He did not like the
idea of selling his real estate, because he was very confident, from
the many improvements going on in the quarter of the city where it
was situated, that it would double in value in the course of ten
years. He was so confident of this, that he preferred paying a high
rate of interest for money for temporary purposes, rather than sell
his property. So hard did he become pressed at last, that he
resorted to the expedient of raising ten thousand dollars on
mortgage, at ten per centum per annum. Wolford held this mortgage,
as the reader is aware.
It was with painful reluctance that Mr. Tompkins made up his mind to
part with his warehouse property, in order to gratify the love of
display which was the besetting sin of his better half. But, even
should he do that, he would have to let ten thousand dollars go to
clear off the mortgage; and if it brought him twenty-two or three
thousand, or even twenty-five thousand, he would not have enough to
build the elegant mansion his wife desired: and should he build one
in a style not consonant with her exalted ideas, his position,
instead of being better, would be much worse.
The next week, to poor Mr. Tompkins, he was called a rich man, was
one of sad perplexity and anxious deliberation upon what it was best
for him to do. He had great difficulty in raising sufficient money
to meet his payments, independent of the ten thousand dollars
demanded by Wolford. Where that sum was to come from he could not
tell. He had made several applications for a loan to take the place
of the one now upon his property, and had even caused advertisements
to be inserted in the newspapers, addressed to "capitalists," but
without effect.
During all this time, Mrs. Tompkins w
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