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Paine, Albert Bigelow, 1861-1937

"Mark Twain, a Biography. Complete"


To the press he gave this parting statement:
It has been reported that I sacrificed for the benefit of the
creditors the property of the publishing firm whose financial backer
I was and that I am now lecturing for my own benefit. This is an
error. I intend the lectures as well as the property for the
creditors. The law recognizes no mortgage on a man's brain, and a
merchant who has given up all he has may take advantage of the laws
of insolvency and start free again for himself. But I am not a
business man, and honor is a harder master than the law. It cannot
compromise for less than 100 cents on the dollar and its debts never
outlaw. From my reception thus far on my lecturing tour I am
confident that if I live I can pay off the last debt within four
years, after which, at the age of sixty-four, I can make a fresh and
unincumbered start in life. I am going to Australia, India, and
South Africa, and next year I hope to make a tour of the great
cities of the United States. I meant, when I began, to give my
creditors all the benefit of this, but I am beginning to feel that I
am gaining something from it, too, and that my dividends, if not
available for banking purposes, may be even more satisfactory than
theirs.
There was one creditor, whose name need, not be "handed down to infamy,"
who had refused to consent to any settlement except immediate payment in
full, and had pursued with threatened attachment of earnings and
belongings, until Clemens, exasperated, had been disposed to turn over to
his creditors all remaining properties and let that suffice, once and for
all.


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