Our Countrys Troubles No Ii

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Men have bought and sold, and reduplicated on town lots existing only on paper, and farm lands under water. Trade has overbid production, until the sinews of progress are weakened, and the ratio of produce to population declines amidst inflation of paper fortunes. Inordinate, impatient, self-defeating haste to be rich, is now the marked feature of our people.
With this has naturally gone a second trait — profuse and reckless extravagance. "Light come, light go, " is the old proverb. Spendthrift
... wasting follows toilless gain. Vanity and ambition keep up their vulgar rivalry. Desperate commercial gamblers build splen- did palaces to swell an inflated credit; and envious wives and daughters, with the cry of the horse-leech, 17 goad harassed husbands to more reckless ventures. All classes rush into debt, spend before they make, mort- gage crops unsown, and stimulate the excessive imports which stop the waterwheels of forge and loom, and send abroad the money which should feed the workmen.

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