Edward drifted on along the path to financial ruin till he actually went bankrupt in 1345, when he repudiated his debts, and ruined several great Italian banking houses, who had been unwise enough to continue lending him money to the last.
The right of presentation may be exercised by its owner whether he be an infant, executors, trustees, coparceners (who, if they cannot agree, present in turn in order of age) or mortgagee (who must present the nominee of the mortgagor), or a bankrupt (who, although the advowson belongs to his creditors, yet has the right to present to a vacancy).
It became bankrupt in 1784 and ceased to exist in 1793.
Austria, shorn of her fairest provinces, robbed of her oversea commerce, bankrupt and surrounded on all sides by the territories of the French emperor and his allies, seemed to exist only on sufferance, and had ceased to have any effective authority in Germanynow absolutely in the power of Napoleon, who proved this in 1810 by annexing the whole of the northern coast as far as the Elbe to his empire.
It was because Napoleon gave a practical form to these achievements of the Revolution and ensured the public order necessary to their continuance that the Directory was bankrupt of reputation, and he intended to be far more than a mere member of a board.
The great canal was not begun; irrigation works were started but were soon given up. The letters of Kleber and Menou (the successors of Bonaparte) show that the expenditure on public works had been so reckless that the colony was virtually bankrupt at the time of Bonaparte's departure; and William Hamilton, who travelled through Egypt in 1802, found few traces, other than military, of the French occupation.
In 1560 a supposed tooth of Buddha was brought to Goa; the raja of Pegu offered ioo,000 for the relic, and as Portuguese India was virtually bankrupt the government wished to accept the offer; but the archbishop intervened and the relic was destroyed.
When the country went bankrupt in 1869, a triple control was estab lished over Tunisian finances, with British, French French.
In truth, it turned out to be one of those problematical whales that seem to dry up and die with a sort of prodigious dyspepsia, or indigestion; leaving their defunct bodies almost entirely bankrupt of anything like oil.
Their chief, Poma, declared that he had been moved to attempt the murder by his zeal for religion, a degree of piety and self-sacrifice which seems incredible in a bankrupt oil-merchant.