The Mirror of Literature, Amusement, and Instruction - Volume 12, No. 346, December 13, 1828 by Various
page 11 of 57 (19%)
page 11 of 57 (19%)
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C. [3] Fires. [4] Field. [5] See Buchanan's History of Scotland, book p. 186. [6] See Cook's Geography, book ii. p. 302. * * * * * ORIGIN OF THE WORD BANKRUPT. (_For the Mirror._) This word is formed from the ancient Latin _bancus_ a _bench_, or _table_, and _ruptus, broken_. Bank originally signified a bench, which the first bankers had in the public places, in markets, fairs, &c. on which they told their money, wrote their bills of exchange, &.c. Hence, when a banker failed, they broke his bank, to advertise the public that the person to whom the bank belonged was no longer in a condition to continue his business. As this practice was very frequent in Italy, it is said the term bankrupt is derived from the Italian _banco_ rotto, broken bench. Cowel (in his 4th Institute 227) rather chooses to deduce the word from the French _banque, table_, and _route, vestigium, trace_, by metaphor from the sign left in the ground, of a table once fastened to it and now gone. On this principle he traces the origin of bankrupts from the ancient Roman _mensarii_ or _argentarii_, who had their _tabernae_ or _mensae_ in certain public places; and who, when they |
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