Volume 1: A sound on Wall Street, Xinxiang City is busy copying books Chapter 109 Debtor
Subtitle of this chapter: Bet on your freedom!
“Ding, ding.”
The NYU bell tower rang twice, reminding people that it was already two o'clock in the afternoon.
Our Master Yuan secretly felt regretful in his heart. Now there are only five hours left until the voting deadline of 7pm. If only I had thought of this idea earlier...
Yuan Yan suddenly stood up and said in an exaggerated tone: "Professor Adams, why are you here too?"
The Grand Knight of the KKK held two contracts in his hand and coughed, saying, "Didn't I hear you were gambling? I'll join in the fun."
Knight's Chinese student took the contract and looked at it... nodded and said, "Well, $2,500 for the excitement, thank you very much!"
Professor Adams blushed and took out a contract and said, "Mr. Yuan, don't worry. I have a plantation at home, which is definitely worth $2,500. Here, this is the mortgage certificate."
"So I hope... you should understand."
As a student of economics, Yuan Yanshu certainly understood the meaning of her good-natured "mentor".
Our Master Yuan's ability to deceive people is indeed comparable to that of the man with a mustache. But did the NYU people just believe him when he casually said that he was a second-generation rich man from a famous family?
In fact, they really believed it, of course, this is not because our Master Yuan has a strong ability to deceive people, nor is it because they are brain-dead. It is because in the early 20th century, on the surface, the Anglo-American legal system abolished the debtor's imprisonment system, but it was still implemented in judicial practice.
The so-called debtor imprisonment system originated from the debt slave tradition of ancient Rome. The Roman Twelve Tables in the mid-5th century BC stipulated that for debtors who failed to pay their debts on time, creditors were allowed to lock them up with 15-pound shackles and imprison them in the creditor's home for 60 days. In addition, creditors were not obliged to provide food for debtors.
And a very strange thing happened in medieval Europe , which can be regarded as one of the many dark histories of Christianity.
According to the Bible, the prophet Moses opposed the tradition of debt slavery and regarded it as a polytheistic pagan custom. In addition, he included a system of asylum to protect debtors in the law he made with the Jews. Therefore, in the early Middle Ages, the debtor imprisonment system was greatly restricted.
However, as the power of the Catholic Church grew, they became the largest creditor in Europe. As a result, the clergy of the church pretended not to see the commandments in the Bible, and the customs of the pagans of ancient Greece and Rome revived in Europe, and were supported and praised by the church.
Eventually, the church became an accomplice in debtor trials and debtor imprisonment. In the Middle Ages, bankrupts who could not pay their debts could not become Christians.
When it comes to the Anglo-American legal system, its origin is the common law of the Anglo -Saxons, which has a debtor's imprisonment system. In the 14th and 15th centuries in England, this system was further developed in parliamentary legislation. During this period, all common law courts allowed the use of physical execution and arrest in civil proceedings.
From that time on, enforcement of the person of debtors in common law England was more widespread and strict than in other European countries that practiced continental law.
Well, next, something extremely wonderful is going to happen in the New World.
Many of the immigrants who left England for the North American colonies were debtors or insolvents who feared arrest by their creditors. It stands to reason that the first generation of immigrants, who suffered so much, should have been given a lighter punishment for debtors.
However, they not only copied the English system in its entirety, but even imposed more severe penalties on debtors.
Finally, let's talk about Yuan Yanshu's situation. If he hadn't lied about being a super rich second generation, he could have filed for personal bankruptcy when he couldn't pay the huge amount. But after he said that in public and couldn't pay it, he was a so-called "dishonest debtor", and it was also an obvious fraud.
Since he is a Chinese, it is difficult for him to get sympathy from the judge and the public. According to the laws of New York State at that time, our Master Yuan would be arrested and put in jail. And he would probably stay there for life.
So Neo Yuan is actually betting on his freedom for the rest of his life. It's hard not to believe this.
Professor Adams's meaning was clear. He was not worried about not getting the money, but he wanted priority payment. As expected of a professor who studied banking, he even thought of this.
"I understand what you mean. Don't worry, Professor."
Yuan Yan smiled and turned to John and said, "Mr. McCall, you are here at your convenience. Please draft a mortgage certificate for me. I will use my real estate in China as collateral to repay Mr. Adams' bet first."
What's more, his great-nephew Yuan Hongjian really has a property in Shanghai. Although the area is not large and the location is not good, its value is definitely far more than 5,000 US dollars. Unfortunately, it was Shanghai's property a hundred years later, so he is now going further and further down the path of a fraudster.
"Very good!" Our Master Yuan took the mortgage certificate written by Mr. McCall, glanced at it, picked up the pen and signed his name.
He handed it to Mr. Baker and said, "Louis, stamp and sign it . Also, Professor Adams can forget about the five dollars."
"Thanks……"
Just then, there was a commotion outside, attracting the attention of everyone in the room.
"I'll go out and take a look!" Women always like to watch the fun. Miss Helen Brown was the first to rush out, but she quickly shrank back.
The black-haired beauty giggled and said, "Outside...there are so many people outside!"
"They...they even started quarreling!"
"This matter... this matter is going to get out of hand!"
It's not every day that a "good thing" like $2,500 falls from the sky. This news has spread throughout NYU without any long legs, and there was already a large crowd of students and faculty members who rushed to "pick up the money" after hearing the news.
Although our Master Yuan said that one person can only sign one betting slip, we are not fools. This stupid Chinese man did not say that he cannot invite relatives and friends.
What else is there to say? Call someone!
NYU is the only university in the United States located on Manhattan Island, the most prosperous island in New York. Naturally, there are a lot of people around it and the transportation is naturally very developed. People who rushed here as soon as they received the news have already arrived one after another.
This brought them into serious conflict with NYU staff.
