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A. Average tax rate
B. Variable tax rate
C. Marginal tax rate
D. Absolute tax rate
E. Contingent tax rate
6. The tax rate that determines the amount of tax that will be due on the next dollar of taxable income
earned is called the:
9. Which one of the following has nearly the same meaning as free cash flow?
A. Net income
B. Cash flow from assets
C. Operating cash flow
D. Cash flow to shareholders
E. Addition to retained earnings
A. Inventory
B. Machinery
C. Copyright
D. Account receivable
E. Building
A. a land purchase.
B. an invoice from a supplier.
C. non-cash expenses.
D. fixed asset depreciation.
E. the balance due on a 15-year mortgage.
15. Over the past year, a firm decreased its current assets and increased its current liabilities. As a result,
the firm's net working capital:
A. had to increase.
B. had to decrease.
C. remained constant.
D. could have either increased, decreased, or remained constant.
E. was unaffected as the changes occurred in the firm's current accounts.
A. owners’ equity.
B. net working capital.
C. a current asset.
D. a cash expense.
E. long-term debt.
20. All else held constant, the book value of owners’ equity will decrease when:
A. a new 3-year loan is obtained with the proceeds used to purchase inventory.
B. a credit customer pays his or her bill in full.
C. depreciation increases.
D. a long-term debt is used to finance a fixed asset purchase.
E. a dividend is paid to current shareholders.
A. of accounts receivable is generally higher than the book value of those receivables.
B. of an asset tends to provide a better guide to the actual worth of that asset than does the book
value.
C. of fixed assets will always exceed the book value of those assets.
D. of an asset is reflected in the balance sheet.
E. of an asset is lowered each year by the amount of depreciation expensed for that asset.
26. Which one of the following is included in the market value of a firm but not in the book value?
A. Raw materials
B. Partially built inventory
C. Long-term debt
D. Reputation of the firm
E. Value of a partially depreciated machine
29. Which one of the following statements concerning the balance sheet is correct?
A. reflects the net cash flows of a firm over a stated period of time.
B. reflects the financial position of a firm as of a particular date.
C. distinguishes variable costs from fixed costs.
D. records revenue when payment for a sale is received.
E. records expenses based on the matching principle.
32. Based on the recognition principle, revenue is recorded on the financial statements when the:
A. I and II only
B. I and IV only
C. II and III only
D. II and IV only
E. I and III only
A. costs should be recorded on the income statement whenever those costs can be reliably
determined.
B. costs should be recorded when paid.
C. the costs of producing an item should be recorded when the sale of that item is recorded as
revenue.
D. sales should be recorded when the payment for that sale is received.
E. sales should be recorded when the earnings process is virtually completed and the value of the
sale can be determined.
A. costs should be recorded on the income statement whenever those costs can be reliably
determined.
B. costs should be recorded when paid.
C. the costs of producing an item should be recorded when the sale of that item is recorded as
revenue.
D. sales should be recorded when the payment for that sale is received.
E. sales should be recorded when the earnings process is virtually completed and the value of the
sale can be determined.
A. record income and expenses at the time they affect the firm's cash flows.
B. have no discretion over the timing of recording either revenue or expense items.
C. must record all expenses when incurred.
D. can still manipulate their earnings to some degree.
E. record both income and expenses as soon as the amount for each can be ascertained.
38. The concept of marginal taxation is best exemplified by which one of the following?
A. Kirby's paid $120,000 in taxes while its primary competitor paid only $80,000 in taxes.
B. Johnson's Retreat paid only $45,000 on total revenue of $570,000 last year.
C. Mitchell's Grocer increased its sales by $52,000 last year and had to pay an additional $16,000 in
taxes.
D. Burlington Centre paid no taxes last year due to carryforward losses.
E. The Blue Moon paid $2.20 in taxes for every $10 of revenue last year.
40. Which one of the following will increase the cash flow from assets for a tax-paying firm, all else
constant?
42. If a firm has a negative cash flow from assets every year for several years, the firm:
43. An increase in which one of the following will increase operating cash flow for a profitable, tax-paying
firm?
A. Fixed expenses
B. Marginal tax rate
C. Net capital spending
D. Inventory
E. Depreciation
44. Tressler Industries opted to repurchase 5,000 shares of stock last year in lieu of paying a dividend. The
cash flow statement for last year must have which one of the following assuming that no new shares were
issued?
A. ending net fixed assets minus beginning net fixed assets plus depreciation.
B. beginning net fixed assets minus ending net fixed assets plus depreciation.
C. ending net fixed assets minus beginning net fixed assets minus depreciation.
D. ending total assets minus beginning total assets plus depreciation.
E. ending total assets minus beginning total assets minus depreciation.
A. 38 percent
B. 25 percent
C. 33 percent
D. 39 percent
E. 35 percent
47. Which one of the following changes during a year will increase cash flow from assets but not affect the
operating cash flow?
A. Increase in depreciation
B. Increase in accounts receivable
C. Increase in accounts payable
D. Decrease in cost of goods sold
E. Increase in sales
49. Which one of the following indicates that a firm has generated sufficient internal cash flow to finance its
entire operations for the period?
50. Wes Motors has total assets of $98,300, net working capital of $11,300, owners' equity of $41,600, and
long-term debt of $38,600. What is the value of the current assets?
A. $21,600
B. $18,100
C. $28,900
D. $29,400
E. $6,800
51. ANC Plastics has net working capital of $15,400, current assets of $39,200, equity of $46,600, and
long-term debt of $22,100. What is the amount of the net fixed assets?
A. $50,800
B. $56,900
C. $45,500
D. $48,100
E. $53,300
52. Rooster’s currently has $5,200 in cash. The company owes $31,700 to suppliers for merchandise and
$41,500 to the bank for a long-term loan. Customers owe the company $26,400 for their purchases. The
inventory has a book value of $53,300 and an estimated market value of $56,500. If the store compiled a
balance sheet as of today, what would be the book value of the current assets?
A. $46,800
B. $55,600
C. $64,700
D. $84,900
E. $96,500
53. Donut Delite has total assets of $31,300, long-term debt of $8,600, net fixed assets of $19,300, and
owners' equity of $21,100. What is the value of the net working capital?
A. $9,800
B. $10,400
C. $18,900
D. $21,300
E. $23,200
54. W. S. Movers had $138,600 in net fixed assets at the beginning of the year. During the year, the
company purchased $27,400 in new equipment. It also sold, at a price of $5,300, some old equipment that
had a book value of $2,100. The depreciation expense for the year was $6,700. What is the net fixed asset
balance at the end of the year?
A. $146,900
B. $159,300
C. $163,900
D. $157,200
E. $148,400
55. Plenti-Good Foods has ending net fixed assets of $98,700 and beginning net fixed assets of $84,900.
During the year, the firm sold assets with a total book value of $13,200 and also recorded $9,800 in
depreciation expense. How much did the company spend to buy new fixed assets?
A. -$23,900
B. $9,200
C. $36,800
D. $40,700
E. $37,400
56. The Green Carpet has current liabilities of $72,100 and accounts receivable of $107,800. The firm has
total assets of $443,500 and net fixed assets of $323,700. The owners' equity has a book value of
$191,400. What is the amount of the net working capital?
A. $50,100
B. $47,700
C. $6,500
D. -$18,800
E. -$29,700
57. Dockside Warehouse has net working capital of $42,400, total assets of $519,300, and net fixed assets
of $380,200. What is the value of the current liabilities?
A. $61,700
B. $88,40000
C. $102,900
D. $96,700
E. $111,500
58. Blythe Industries reports the following account balances: inventory of $417,600, equipment of
$2,028,300, accounts payable of $224,700, cash of $51,900, and accounts receivable of $313,900. What is
the amount of the current assets?
A. $46,700
B. $56,000
C. $783,400
D. $975,000
E. $699,700
59. Donner United has total owners' equity of $18,800. The firm has current assets of $23,100, current
liabilities of $12,200, and total assets of $36,400. What is the value of the long-term debt?
A. $5,400
B. $12,500
C. $13,700
D. $29,800
E. $43,000
60. Cornerstone Markets has beginning long-term debt of $64,500, which is the principal balance of a loan
payable to Centre Bank. During the year, the company paid a total of $16,300 to the bank, including $4,100
of interest. The company also borrowed $11,000. What is the value of the ending long-term debt?
A. $45,100
B. $53,300
C. $58,200
D. $63,300
E. $85,900
61. The Toy Store has beginning retained earnings of $318,423. For the year, the company earned net
income of $11,318 and paid dividends of $7,500. The company also issued $25,000 worth of new stock.
What is the value of the retained earnings account at the end of the year?
A. $320,445
B. $322,695
C. $327,375
D. $322,241
E. $335,255
62. Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had
common stock of $55,000, paid-in surplus of $11,200, and retained earnings of $48,420. At the end of the
year, the firm had total equity of $142,430. The firm paid dividends of $32,500. What is the amount of the
net new equity raised during the year?
A. $34,000
B. $42,500
C. $25,000
D. $21,500
E. $0
63. The Embroidery Shoppe had beginning retained earnings of $18,670. During the year, the company
reported sales of $83,490, costs of $68,407, depreciation of $8,200, dividends of $950, and interest paid of
$478. The tax rate is 34 percent. What is the retained earnings balance at the end of the year?
A. $21,947.30
B. $22,193.95
C. $22,233.24
D. $23,783.24
E. $21,883.25
64. Bleu Berri Farms had equity of $58,900 at the beginning of the year. During the year, the company
earned net income of $8,200 and paid $2,500 in dividends. Also during the year, the company repurchased
$3,500 of stock from one of its shareholders. What is the value of the owners' equity at year end?
A. $61,100
B. $67,600
C. $64,900
D. $64,400
E. $68,100
65. Gino's Winery has net working capital of $29,800, net fixed assets of $64,800, current liabilities of
$34,700, and long-term debt of $23,000. What is the value of the owners' equity?
A. $36,900
B. $66,700
C. $71,600
D. $89,400
E. $106,300
66. Pier Imports has cash of $41,100 and accounts receivable of $54,200, all of which is expected to be
collected. The inventory cost $82,300 and can be sold today for $116,500. The fixed assets were
purchased at a total cost of $234,500 of which $118,900 has been depreciated. The fixed assets can be
sold today for $138,000. What is the total book value of the firm's assets?
A. $327,800
B. $293,200
C. $346,800
D. $412,100
E. $415,600
67. Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is
currently valued at $209,000. The firm has other fixed assets that cost $56,000 and are currently valued at
$32,000. To date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently
owns. Current liabilities are $36,600 and net working capital is $18,400. What is the total book value of the
firm's assets?
A. $251,000
B. $241,000
C. $232,600
D. $214,400
E. $379,000
68. Lew’s Auto Repair has cash of $18,600, accounts receivable of $34,500, accounts payable of $28,900,
inventory of $97,800, long-term debt of $142,000, and net fixed assets of $363,800. The firm estimates that
if it wanted to cease operations today it could sell the inventory for $85,000 and the fixed assets for
$349,000. The firm could collect 100 percent of its receivables as they are secured. What is the market
value of the firm’s assets?
A. $332,800
B. $458,200
C. $374,200
D. $495,500
E. $487,100
69. Marcie’s has sales of $179,600,depreciation of $14,900, costs of goods sold of $138,200, and other
costs of $28,400. The tax rate is 35 percent. What is the net income?
A. -$1,235
B. $382
C. $1,204
D. $14,660
E. $13,665
70. AV Sales has net revenue of $513,000 and costs of $406,800. The depreciation expense is
$43,800,interest paid is $11,200, and dividends for the year are $4,500. The tax rate is 33 percent. What is
the addition to retained earnings?
A. $38,804
B. $34,304
C. $28,120
D. $29,804
E. $30,450
71. Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650. The company
had costs of $87,300, dividends of $2,500, and interest paid of $1,620. Given a tax rate of 34 percent, what
was the amount of the depreciation expense?
A. $2,407
B. $1,908
C. $2,503
D. $3,102
E. $3,414
72. Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest
paid of $12,400. The tax rate is 28 percent. How much net income did the firm earn for the period?
A. $7,778
B. $9,324
C. $10,380
D. $8,671
E. $5,886
73. For the year, Movers United has net income of $31,800, net new equity of $7,500, and an addition to
retained earnings of $24,200. What is the amount of the dividends paid?
A. $100
B. $7,500
C. $7,600
D. $15,100
E. $16,700
74. MNM & Co incurred depreciation expenses of $36,810 last year. The sales were $903,480 and the
addition to retained earnings was $11,530. The firm paid interest of $7,711 and dividends of $7,500. The
tax rate was 33 percent. What was the amount of the costs incurred by the company?
A. $822,845
B. $689,407
C. $742,306
D. $830,556
E. $780,400
75. For the year, Uptowne Furniture had sales of $818,790, costs of $748,330, and interest paid of
$24,450. The depreciation expense was $56,100 and the tax rate was 34 percent. At the beginning of the
year, the firm had retained earnings of $172,270 and common stock of $260,000. At the end of the year,
retained earnings was $158,713 and common stock was $280,000. Any tax losses can be used. What is
the amount of the dividends paid for the year?
A. $5,266
B. $6,466
C. $7,566
D. $7,066
E. $6,898
76. Neiger Flours owes $16,929 in taxes on taxable income of $61,509. If the firm earns $100 more in
income, it will owe an additional $48 in taxes. What is the average tax rate on income of $61,609?
A. 28.00 percent
B. 30.33 percent
C. 33.33 percent
D. 35.00 percent
E. 27.56 percent
77. Rusty Antiques has a marginal tax rate of 39percent and an average tax rate of 26.9 percent. If the firm
owes $37,265 in taxes, how much taxable income did it earn?
A. $137,098
B. $136,800
C. $138,532
D. $139,957
E. $137,750
78. Red’s Tractors owes $52,311 in taxes on a taxable income of $608,606. The company has determined
that it will owe $56,211 in tax if its taxable income rises to $620,424. What is the marginal tax rate at this
level of income?
A. 39 percent
B. 38 percent
C. 35 percent
D. 34 percent
E. 33 percent
79. Use the following tax table to answer this question:
BT Trucking has taxable income of $617,429. How much does it owe in taxes?
A. $96,025.86
B. $240,797.31
C. $118,542.79
D. $209,925.86
E. $201,354.82
Comfy Inn earned $218,310 in taxable income for the year. How much tax does the company owe?
A. $86,311.20
B. $85,140.90
C. $68,390.90
D. $69,998.20
E. $65,240.10
81. The Plaza Cafe has an operating cash flow of $83,770, depreciation expense of $43,514, and taxes
paid of $21,590. A partial listing of its balance sheet accounts is as follows:
A. $26,359
B. $47,949
C. $61,487
D. $43,909
E. $35,953
82. National Importers paid $38,600 in dividends and $24,615 in interest over the past year while net
working capital increased from $15,506 to $17,411. The company purchased $38,700 in net new fixed
assets and had depreciation expenses of $14,784. During the year, the firm issued $20,000 in net new
equity and paid off $23,800 in long-term debt. What is the amount of the cash flow from assets?
A. $21,811
B. $41,194
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Dockwrath’s hope of getting the business. On that point Mason is as
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London attorney’s management. Trollope justly prided himself on the
accuracy with which, thanks to the experts he consulted, are presented the
legal details in the trial and in all the business connected with it. The entire
episode is, like the characters that figure in it, a piece of skilfully contrived
realism. The Old Bailey barrister, Chaffanbrass, who rises to his work so
meekly, smiling gently while he fidgets about with his papers as though he
were not at first quite master of the situation; Sir Richard Leatherham, the
Solicitor-General and the leading counsel for the prosecution, are none of
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Nor is there a single member of the group who does not recall, by some
trick of manner, of voice, or by some other distinctive peculiarity, the
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Coleridge, and Ballantine were in the full flush of their forensic fame.
Dickens, in A Tale of Two Cities, notoriously found his model for
Darnay’s counsel, Stryver, in Edwin James. Of James I can recall Trollope’s
remark: “I had scarcely ever seen him, out of court or in it, but I have been
told he had Chaffanbrass’s habit of constantly arranging and re-arranging
his wig, and of sometimes, for effect, dropping his voice so low that it could
scarcely be heard.” The other court scenes form a little series of artistically
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under-plot now introduced shows throughout the true mastery of his art here
reached by Trollope.
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long before he became her advocate in Court. Hence, the one deviation
from exact verisimilitude in this part of the book. The commencement of
the proceedings finds Lady Mason without a solicitor of her own, and
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upon her, she consults her admiring neighbour, the chivalrous Sir Peregrine
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graceful, and comely, Lady Mason retains enough of her original beauty to
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resourcefulness in which the rest of the story abounds. All that concerns
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depressing hue. But among the junior counsel for the defence is a young
barrister, Felix Graham, enamoured of a judge’s daughter, Madeline
Staveley. This young lady is much after the pattern of Trollope’s earlier
heroines; while her lover prefigures a youthful variety of the sort to be met
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character and view than had so far been shown by most of his young men.
The clearness and freshness of Felix Graham’s portrait stand out the more
boldly by reason of the complete contrast to him forthcoming in Madeline
Staveley’s other lover, old Sir Peregrine Orme’s grandson. In all moral and
social qualities, he worthily reproduces the old baronet’s character, but
reflects too truly the conventional young country squire to present the union
between intellectual gifts and high principles forthcoming in his rival, the
young barrister.
This is only one among several passages that by expedience, which
might be described as Trollope’s speciality, sustain the novel’s interest to
the end. “None but himself can be his parallel.” And really the dexterity
with which Trollope winds up the characters and incidents of Can You
Forgive Her? suggests a comparison with his equestrian perseverance in the
hunting field. That quality records itself in Phineas Finn’s management of
Lord Chiltern’s Bonebreaker. For a minute or two the horse has got
manifestly out of control; the spectators think it is infallibly heading and
leading its rider to irrecoverable grief, when the Irish Nimrod suddenly, not
less than surely, recovering himself, regains authority over the beast, and
sends him and his rider straight as a die over the brook with those
impracticable sides. When riding among the first flight, side by side with
Sir Evelyn Wood or Mr. E. N. Buxton, after the Essex, or with Mr. H.
Petre’s staghounds, Trollope, we have seen, like others, sometimes found
himself at the bottom of a Roothing ditch, only in a twinkling to pull
himself together, reappear in the open, regain his saddle, and finish in the
field that saw the end of the chase. The adroitness of the horseman, Phineas
Finn, displayed by the novelist of Orley Farm, prevented what in less
skilful hands would have been the evaporation of the story’s interest after
the tragic dénoûment of Peregrine Orme’s courtship. But, by this time, the
bluff, artless sportsman, which was all that many of his country neighbours
and some of his London acquaintances saw in Trollope, had mastered every
portion of the novelist’s technique as thoroughly as he had long since done
all departments of Post Office business. To the spectators, Trollope’s Irish
Nimrod on Lord Chiltern’s Bonebreaker may have seemed doomed to
mishap, but without, thanks to his skill and coolness, having been in actual
peril. So with Trollope in Orley Farm. The apparently inevitable dullness of
reaction from painfully exciting incidents threatened, as many a reader
thought, to spoil a first-rate novel’s close. These had not estimated at its true
value the author’s rare resourcefulness in his art.
Other fortunes than those of Madeline Staveley and her two lovers have
to be advanced a stage. The finishing touches have not, so far, been given to
Lady Mason’s loyal friend of her own sex, Sir Peregrine’s daughter-in-law.
In person, if not altogether in experience, Mrs. Orme presents a picturesque
contrast to her unhappy friend. Lady Mason, tall and stately, makes the
journey every day to the Court in one of The Cleeve carriages. Seated by
her side is Mrs. Orme, small in size, delicate in limb, with soft, blue
wondering eyes and a dimpled cheek. Apart from the present calamity, a
past sorrow has forged a sympathetic link between the two. The châtelaine
of The Cleeve has suffered a blow only less terrible than that which has
crushed her companion. After a year of happy wedlock, her husband, Sir
Peregrine’s only child, the pride of all who knew him, the hope of his
political party in the county, had fallen one day from his horse, and was
brought home to The Cleeve a corpse. The delicacy and strength of genuine
pathos make themselves felt throughout every page describing the
intercourse between these two ladies, after Mrs. Orme knows her friend’s
guilt, before or during the trial itself. Nor, even here, is it all untempered
melancholy. The character sketches thrown off in a few sentences people
the scene with figures all entertainingly appropriate to the judicial drama
like that now begun. The witness, Bridget Bolster, we see preparing for
action, with the perfect understanding of her claim to be well fed when
brought out for work in her country’s service, to have everything she
wanted to eat and drink at places of public entertainment, and then to have
the bills paid behind her back. “Something to your tea” is the promise she
has received from Dockwrath, interpreted by Moulder as a steak, by
Dockwrath himself as ham and eggs, and by Bridget, as an amendment, as
kidneys. Close upon the bold witness, Bridget, comes the timid witness,
Kenneby, whose utmost hope and prayer are that he may leave the box
without swearing to a lie, who replies to Dockwrath’s suggestion of
refreshment: “It is nothing to me; I have no appetite; I think I’ll take a little
brandy and water.” By way of moral sustenance to the nervous Kenneby,
Moulder relates a legal reminiscence of his youth: It was at Nottingham;
there had been some sugars delivered, and the rats had got at it. “I’m
blessed if they didn’t ask me backwards and forwards so often that I forgot
whether they was seconds or thirds, though I had sold the goods myself.
And then the lawyer said he’d have me prosecuted for perjury.” Mr.
Moulder himself fancies something hot, toasted and buttered, to his tea,
openly asserting, while refreshing himself, that Lady Mason has no better
chance of escape than—“than that bit of muffin has,” with which words the
savoury morsel in question disappeared from the fingers of the commercial
traveller into his throat.
To turn from the doings of Trollope’s personæ to those of Trollope,
himself. Before finishing Orley Farm he had arranged a trip across the
Atlantic, which, as usual, was to combine industry with amusement. The
first thing, therefore, had been to obtain a commission from his publishers,
Chapman and Hall, for a book about his journey and experiences. The
settlement of that business, on his own terms, was effected without a hitch.
The other preliminary, involving a reference to his Post Office superiors,
threatened recrudescence of the immemorial and inveterate feud with
Rowland Hill, now the Post Office Secretary. Nine months leave of absence
formed the application made by the surveyor of the eastern counties to the
Postmaster-General, then Lord Stanley of Alderley, direct instead of
through the active head of the department, his enemy Hill. “Is it,” rejoined
the Minister, with a look of bland cynicism as he eyed Trollope’s
particularly vigorous form and country squire’s face, “on the plea of ill-
health?” “No,” came the answer, “I want a holiday, and to write a book
about it, and I think, my lord, my many years labour in the public service
have earned it for me.” The forms on which the leave was granted were, at
Hill’s instance, that it should be considered a full equivalent for any special
services rendered by the surveyor to the department. To that condition,
suggested, as he knew it had been, by the Post Office Secretary, Trollope
demurred. It was therefore withdrawn at the Postmaster-General’s order.
Anthony Trollope’s first sojourn on the other side of the Atlantic began
in the August of 1861, and lasted to the May of the following year. The
occurrences between these dates included the earlier battles of the American
Civil War, and to some extent decided his route. Travelling for recreation
and rest as well as profit, he purposely avoided the dangers and discomforts
of the seceding states, but, even thus, frequently found himself in the direct
line of fire. For the time he allowed himself, he went too far and too fast.
An atmosphere loaded with the din and smoke of conflicting armies did not
promote the calm and close study of the nation’s social or political life and
institutions. These, however, were surprisingly little interrupted by the
conflict. The comparative regularity with which the routine of peace in the
forum, in the Law Courts, in the State Assemblage, and beneath the private
roof, preserved their continuity practically undisturbed by the shocks and
convulsions of war, may have struck other English travellers at the time. By
Trollope they were brought to bear with a force and freshness that imparted
special interest and value to the book on North America, begun by him after
his accustomed fashion, in the midst of his transatlantic travels, and carried
some way towards completion before he had returned to England.
The work suffers from its author’s laborious attempts to impress the
reader with a sense of its variety and fullness. It is neither a record of travel
nor history; Trollope, had he taken more time about it, would have seen the
mistake of trying to make it both. His impressions of the country are
wanting less in animation and accuracy than in literary methods and logical
arrangement of ideas. Before landing from his outward voyage he had
persuaded himself that the final victory would rest with the North. This
belief had not been shaken by the news of the Confederate success at Bull
Run (July 21, 1861); which had created among all sections of English
society, and elicited from the English Press, much of the exultant
enthusiasm for the Secessionists, of whom Gladstone himself said that
Jefferson Davis had called into existence a new nation. “Nothing,” were
Trollope’s words to the present writer, “impressed me more during this
troublous time than the immensity of the strength in reserve at the Union’s
command. Moreover,” he added, “I was kept well abreast with the latest
political news from Europe.” The Southerners’ only chance, as none knew
better than themselves, or rather, than their leading spirits, had always been
European intervention on their behalf. Napoleon III might have moved in
that direction, had Palmerston given the signal, but no one really doubted
either that France had resolved to follow the English lead or that England,
whatever her irresponsible personal sympathies here and there, would take
no real part in the quarrel. One international incident belonging to the
struggle first became known to Trollope when dining at the White House,
November 1861. The Federal seizure of the Southern agents, Mason and
Slidell, on board the British West Indian mail steamer, had caused the
diplomatic crisis that made their Washington post first acquaint Trollope
and his other guests with the possible necessity of all English subjects at
short notice leaving the States.
Exactly a generation before her third son’s visit to the New World,
Trollope’s mother was thought, by her son, to have wounded the national
susceptibilities in her Domestic Manners of the Americans. As a fact, except
in Ohio, that book did not attract as much attention, even at the time of its
publication (1832), as Anthony Trollope himself believed. It had been quite
forgotten by, or rather had never been known to the generation that had
welcomed her son as its guest. Indeed, by 1861-2 Dickens had long since
received plenary forgiveness for offences in Martin Chuzzlewit and the
American Notes much more serious than those of Mrs. Trollope. Nor did
Anthony Trollope’s on the whole complimentary estimate of his American
hosts, in his own forthcoming book, however pleasantly received at the
moment, live much longer in the popular remembrance than his mother’s
rather thin satire. Already the novels which had won him popularity in
England were favourites in the United States. Then, as to-day, what the
American public valued from him was the qualities which had endeared to
the whole of the Anglo-Saxon race his Barchester books.
Trollope’s subsequent visits to the States may have left some mark on his
writings, and have given him an occasional suggestion for stories like The
American Senator, but had no influence upon the place filled by him in the
New World as in the Old. On both sides of the Atlantic, the amiable motive
of his North America was recognised, but its warmest welcome was not
found in the land that it described. A subsequent chapter will contain
specific facts and figures enabling the reader to form an accurate idea of
Trollope’s progress to popularity with the United States Republic.
Meanwhile we return to the novelist’s new departure in fiction, opened to
some extent in Orley Farm, but beginning more decidedly with Can You
Forgive Her?
CHAPTER XI
D URING the years in which Trollope’s industry and fame both reached
their height, J. E. Millais and Sir Henry James, afterwards Lord James
of Hereford, were among the friends of whom he saw most, and who
knew him best. About the former’s hospitalities something will be said
presently. As regards his connection with the latter, Millais in my hearing
once attributed his rare success as an illustrator of Trollope’s novels to the
writer and the artist both setting about their different work in the same way.
“As it proceeds,” he added, “each creative or inventive stroke is inspired
and stimulated or corrected as the case may be, by mental reference to the
unseen models of memory.” This was Millais’ way of putting it. Trollope’s
own words on the subject were, “A right judgment in selection of personal
traits or physical features will ensure life likeness in representation. Horace,
as Englished by Conington, talks of ‘searching for wreaths the olive’s rifled
bower.’ The art practised by Millais and myself is the effective combination
of the details, which observation has collected for us from every quarter,
and their fusion into an harmonious unity.”
Politics and sport colour and dominate a large proportion of the novels
belonging to the Can You Forgive Her? period. For the personal studies
those works implied, author and artist alike found all they wanted during
their summer visits to Millais’ Highland home, or in the autumn at the Kent
or Wiltshire shooting-box of Henry James. Here they collected
representatives of the polite world in all its aspects of pleasure or business,
from the heir apparent to the latest Junior Lord of the Admiralty and the
most recent importation in the way of popular sportsmen or reigning
beauties from the other side of the Atlantic.
Later on, Trollope occasionally induced Millais to witness the hounds
throw off in those East Anglian pastures where he had placed the Roebury
Club’s headquarters, to which the author of Can You Forgive Her? had
wished personally to introduce his illustrator. The similarity of Millais’ and
Trollope’s methods now considered will be best understood from a concrete
instance. Of the artist’s academy paintings in 1887, one was reproduced as a
coloured supplement to The Illustrated Sporting and Dramatic News by the
name of “Portia.” Without being exactly a portrait, the painting, like the
coloured engraving after it, recalled to every one a well-known man’s pretty
daughter who had then just come out. This young lady, indeed, had never
sat to the artist; but she had given him unconsciously the central idea for his
work, into which, during its progress, he introduced features or touches,
whose suggestion came to him from other faces.
So was it exactly with the creations of Trollope’s pen in their
companionship with those of Millais’ pencil. The literary period which,
actually opening with Orley Farm, produced nothing so significant of
Trollope’s advance in his craft and in his views of feminine character, as
Can You Forgive Her? This was published in 1864. Much of it, however,
had been written some years previously, even so far back as when the
stories that first established him in favour with every class were the great
attraction of The Cornhill. We have already seen how many manor houses
and parsonages disputed with each other in the alleged possession of the
originals from whom the novelist had drawn Lily Dale, Lucy Robarts, and
their belongings. Trollope’s creative power reached its height as he
approached early middle age. His Post Office rounds, throughout the whole
country south of the Trent, had acquainted him first-hand with every phase
of womanhood, from sweet seventeen to full-blown and flirting forty. Were
some readers beginning to talk about a satiety of bread and butter misses?
Orley Farm had at least reminded such critics of its author’s capacity to be
something more than the prose laureate of virginal varieties like those to be
met with in every English village during the sixties beneath the manor or
the parsonage roof. Can You Forgive Her? realised the higher expectations
first raised by Orley Farm as to the literary results that might be produced
by the bolder conceptions of the sex, the broader and deeper outlook upon
the tragi-comedy of daily life that Trollope had begun to exhibit.
The Barchester series had been comedy narrative, pure and simple. The
later stories with which we are now concerned belong more or less to
melodrama. This progress of the novelist’s development possesses an
interest biographical not less than literary. Not only were Trollope’s
intellectual gifts largely inherited from his mother; to her also he was
indebted for the circumstances that supplied them with the material on
which they exercised themselves, as well as the experiences that gave them
colour and discipline. Thus Archdeacon Grantly was his maternal
grandfather, the Rev. William Milton, suave in manner, nice in person,
always doing his duty according to his lights, a former Fellow of New
College, vicar of Heckfield. As his youthful guest, the author of Barchester
Towers had been introduced to clerical life on its social side, and had
observed the personal germs that afterwards grew into the Warden, Mr.
Harding, and Dean Arabin. Much also of his earliest interest in feminine
character he owed to his generally affectionate reminiscences of his mother
—her sustained courage in domestic adversity, her cheery helpfulness to all
around her, and the reserve fund of strength and resourcefulness, which
never failed her for each fresh trial, as it came.
Trollope’s time in Ireland was the making of him, not only as a public
servant and writer, but as a social student. His boyhood in Harrow Weald
had familiarised him with the Orley Farm of his story, and with elements of
his characters in it. But, at the same time that his experiences on the other
side of the St. George’s Channel were shaping themselves in Castle
Richmond, they were preparing him to people with suitable figures the
pages not more of Orley Farm than Can You Forgive Her? Before Trollope
was despatched from St. Martin’s-le-Grand on duty to Ireland, he knew,
naturally enough, very little of men, women, and horses. In the second, at
least, of those subjects, he had acquired proficiency at the date of his final
return to England. His estimate of the sex, based on an extensive and
careful generalisation, used to come out in conversational fragments which
may now be pieced together. Thackeray and Bulwer-Lytton, here for once in
agreement, and both, perhaps unconsciously, under the Byronic influence,
might have professed a doubt whether women as a class could be
considered reasonable creatures, in the same sense as men. Trollope never
went so far as this. He did, however, admit that their ruling passion, a love
of power, habitually neutralised the tact imputed to them as an instinct, and
might obscure their intellectual perceptions, and impair their common
sense. “Hence,” he would add, “the inquisitorial officiousness which makes
my Mrs. Proudie not in the least a caricature, but, stripped of her Episcopal
surroundings, the commonplace of most English households.”
Throughout the whole period of his literary activity, Trollope was a
diligent reader of history, finding in its revelations of human character the
best supplements to his own studies from life, as well as the most fruitful
hints for the creation of the leading ladies in his own romance. He never
pursued these historical studies more diligently, or with more definite result,
than while engaged on the preparation of Can You Forgive Her? They had
brought him to the conclusion that in love affairs women are generally
without discrimination. “If,” he said, “of royal rank, they almost invariably
choose their favourites ill. Thus Elizabeth of England, Catherine II of
Russia, Queen Christina of Spain, and her daughter Isabella had the pick of
great, brave, wise, and witty men. So far from turning their opportunities to
profit, they all took dunderheads for their rulers.” How wide, therefore, the
mark was that paradoxical pundit who declared it better for a country to
have a king than a queen as its nominal head, because a king always
became the creature of women, while a queen had to put herself in the
hands of men. To make the same true, we must assume that queens always
chose their lovers well, which, being women, as a fact they seldom do.
The origin and cause of women’s troubles in nine cases out of ten are
their constitutional indisposition to compromise, whose necessity they
ought to have learnt, if not in the experience of life generally, yet from the
special example of the politicians to whom they invariably incline. For
nowadays all women are Conservatives, and Conservatism, as we know it
to-day, having political surrender for its essence, is ever a compromise with
Radicalism. In the seventeenth century they used to be Jacobites. And that,
most properly; for the special foibles of the sex are identical with the
traditional perversities of the Stuarts. “Mankind,” said Lord Palmerston,
“are, for the most part, good fellows enough, but rather conceited.” So the
Duc de Sully thought James II not a bad sort of man, but incurably given to
doing the second thing before the first. And that is the invariable feminine
tendency. We can all sing, or say:
The local quarrels thus satirised by the humorist, much and widely talked
about at the time, long left the clerical atmosphere of the neighbourhood in
a highly electrical state. While local animosities were at their height,
Trollope had been on Post Office duty in the south-west of England. In the
Baslehurst of the story, and in other Exeter suburbs, he describes the points
at which, for the moment, evangelicalism had triumphed. Here, during the
fifties, he had his veritable originals: the severe, imperious Puritan, Mrs.
Prime, and the younger sister Rachel whom she bullies, living with their
mother Mrs. Ray, a sweet-tempered, gentle, loving woman, endowed with a
still attractive person, having much in common with her second born,
Rachel, and, like her, somewhat tyrannised over by the elder of her two
daughters. The husband survived by Mrs. Ray is a good specimen of
Trollope’s terse character-sketching. He managed the property of dean and
chapter, knew the rights and wrongs of prebendaries, minor canons, vicars
choral, and even choristers. He had, however, passed away long before the
story opens, and is only mentioned to point the contrast of the widow’s
earlier orthodox clerical surroundings with the irregular spiritual influences
that now agitate her home.
When we make this lady’s acquaintance, there is in progress, beneath her
roof, a pitiless attempt on the part of the elder sister, Dorothea, by rigorous
evangelical discipline, to crush worldliness out of the younger, her mother’s
favourite, who gives the title to the novel. A long course of Calvinistic
bullying has almost broken Mrs. Ray’s spirit. To that tyranny of soul Miss
Ray has never quite surrendered herself. Its shadows fall, however, heavily
enough over her young life; the iron of its terrors and threats had begun to
penetrate her inmost being, when Luke Rowan’s appearance flashes a ray of
hope upon her overcast life. The new-comer to Baslehurst is the partner in
the brewery, hitherto entirely in the hands of Mr. Tappitt. The Tappitts, at
whose house Miss Ray first meets Rowan, fervently admire the Low
Church clergyman Mr. Prong. This pastor resembles the Barchester Mr.
Slope, not only in being generally objectionable, but in the same mercenary
attachment whether to Mrs. Ray herself or to her widowed daughter, Mrs.
Prime, as Slope conceived to Mrs. Bold.
The incidents of the story naturally grow out of Rachel Ray’s courtship
by the latest addition to the brewery staff, less welcomed by the Tappitt
circle than tolerated as a worldly intruder whose salvation is rather a matter
of prayer than of belief. Doleful indeed are the prognostications of the
results likely to follow their acquaintance called forth by Rowan’s earliest
tête-à-tête with Miss Ray. This, really the opening scene in the action of the
story, gives Trollope scope for the humour that alone redeems from failure a
story as painful as The Kellys and the O’Kellys, without the pathetic power
and witty relief that have made his second novel worthier of republication
than Rachel Ray.
Before passing to another book with which Rachel Ray tempts
comparison, something must be said about the new experiment of which
Linda Tressel formed the second product. Change of scene, of characters,
and of interest, as well as anonymity of authorship, in the year of his
departure from the Post Office, 1867, marked Trollope’s dual venture. Each
owed something to the stimulating and instructive society in which Trollope
found himself as the guest of the famous editor and publisher to whom he
had been introduced years earlier by John Forster, but whom he scarcely
knew well till the Scotch tours that Post Office duties or holiday recreation
called him to make during the nineteenth century’s second half. In the case
of both stories, also, the skill with which the local colour was laid on struck
all critics, not less than the truth to life with which the essentially German
characters, with their social and moral backgrounds, were depicted.
Nina Balatka came first of the two in 1867. Its scene is laid in Prague,
the old Bohemian capital. Here there exists a large Jewish colony. Among
its members, the distinction between Hebrew and Gentile is marked with
such depth and bitterness that an intermarriage between the two races is
considered degrading to each. The girl who gives her name to the story, a
broken-down tradesman’s daughter, and the niece of a rich merchant
Zamenoy, has given her heart to an Israelite engaged in commerce, Anton
Trendellsohn. This suitor, in his many dealings with old Balatka, Nina’s
father, has shown himself a considerate creditor. The roof beneath which
Nina lives is legally due to him for her father’s debts. Trendellsohn,
however, has not even pressed for the title deeds. These would establish his
right to the property, but are now in other Jewish hands, those of Zamenoy.
The lover’s generosity and self-sacrificing devotion to Nina are
accompanied by all the suspicion of his race and by a characteristic
resentment of the overreaching practised, as he considers, on him. The
Zamenoys, representing the evil genius of the story, are only bent on
breaking off the engagement of the two lovers. As the first step to that end
they contrive to secrete the title deeds, now wanted by Trendellsohn, in his
sweetheart’s desk. Next they tell Trendellsohn that the girl he loves has
appropriated them. A search is made, the documents are found in the place
described by the Zamenoys, and Trendellsohn believes that he has been
fooled. The lovers part. About the same time old Balatka dies. Deserted
alike by the man to whom she has given her heart and by her rich relations,
who have gone over to the Zamenoys, Nina resolves on suicide. With
Trendellsohn at length, love proves a stronger motive than greed. A
messenger from him arrives bidding Nina return to her place in his heart.
Thus, happily, in marriage, ends the story, really remarkable for clever
analysis of motive in the conflict with the essentially Hebraic Trendellsohn
between the passion for a woman and for real estate.
The situation had the undoubted merit of originality as well as of being
artistically presented in a singularly suitable environment immemorially
associated with congenial traditions. The story’s success in magazine shape
was afterwards heightened by its anonymity, and by the extent to which the
studied air of secrecy enveloping the composition and all to do with it
piqued curiosity. In London, at any rate, the first to solve the mystery was
R. H. Hutton of The Spectator, not only the subtlest literary critic of his
time, but an omnivorous reader of novels, with an instinct for discovering in
their most commonplace occurrences and least likely characters a new
revelation of their author’s personality and mental habit. He had already
watched and commented on Trollope’s evolution from the domestic to the
cosmopolitan stage. He knew Trollope’s turns of expression and leading
ideas about the human combat of interest with feeling from his social
conversation as well as his books. Dining at a table near Laurence
Oliphant’s at the Athenæum, with no other companion than the last chapter
of Nina Balatka, he received and soon afterwards uttered, the inspiration:
“The ‘great unknown’ of the Blackwood story is Anthony Trollope.”
Intimate with the Blackwoods though he was, Oliphant was not fully
assured of the facts; “I believe,” he said oracularly, “they are satisfied with
its reception.” Such proved to be the case. Although, as John Blackwood
put it, not selling, it was telling. Blackwood’s London manager, one of
Trollope’s Garrick intimates, received orders from Edinburgh to encourage
Trollope, with “the author of Nina Balatka” for his pen name, to let the
Magazine have another novel from his pen.
This second book, by the title of Linda Tressel, began its course some
five years after the publication of Rachel Ray, and introduced its readers to
an interest, personal or spiritual, of much the same sort. The locality had
changed from Exeter to Nuremberg. Here, at The Red House, lived the
eponymous heroine in charge of her aunt. This relative, Frau Staubach,
however well-meaning or conscientious, lacked the gentleness, the grace,
and the feminine charm generally, of her English prototype, the mother with
whom Rachel Ray passed her time. Yet, though in a less degree than the
Devonshire widow, who sat under Mr. Prong, the petticoated pietist of
Nuremberg is a kindly woman at heart. Only the iron creed, which makes
her whole being so grievous a burden to herself and to those about her,
constrains her to see wickedness in joy; in every form of pleasure a species
of profligacy; in all love for children a pernicious indulgence endangering
their eternal welfare; and, in every woman, Satan’s easy prey, until guarded
by a middle-aged, respectable, unlovable and austere husband. Such a one
she has found for her niece in her lodger, Peter Steinmarc. He has the
recommendation of being small-minded, selfish, ugly, and so just the man
destined to make unhappy for life a bright, handsome, high-spirited girl,
such as her own young ward. In the English story, the destined victim, after
a comparatively short captivity, escapes her doom, though not before her
whole nature has suffered from the ordeal. The spirit of Rachel Ray’s
Bavarian sister of misfortune is not easily worn out; but, eventually, her
spirit is broken, and she is proclaimed the bride-elect of the odious consort
selected by her aunt. At the psychological moment, however, Death, the
deliverer, steps in; poor Linda dies before being called to put on her
wedding dress. Her remorseless aunt watches her slow departure from life
without pity or tears, but in a spirit of half-vindictive satisfaction with the
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