Trade and Panics [pp. 159-164]

Debow's review, Agricultural, commercial, industrial progress and resources. / Volume 27, Issue 2

TRADE AND PANICS. erable paupers, numbered by the million, are lorded over by a few vulgar parvenu millionaires, like the "Troise gaza rari nantes in gargite"-is a pandemonium! Such is England. Such is our North with their starving operatives, their frequent panics and their paupers; and such would be the South, too, but for negro slavery, which checks trade and gives more fixedness and stability to property and to society. But not enough; there is too much of trade and speculation, even with us. It is painful to see how rarely lands remain for four generations in the same blood. Painful to reflect on the misfortunes, the extravagan ces, the misplaced credits and confidence, and various other causes, that have driven forth the former inmnates of our old mansions to seek their fortunes in distant lands. Our gratu lations with the present occupants, who have risen in the world by luck or labor, by merit or demerit, for " some rise by sin and some by virtue fall," do not compensate and balance our sympathies for the outcasts. Independent of our congratulations with the new possessors, and our sympathies with the former ones, we are oppressed with an overwhelming sense of instability and insecurity, like one standing for the first time on the illusory shores of the Mississippi. The great object in most men's lives is to rear up a respectable family, and to leavo to them a respectable and long-continued maintenance. Every living man longs for a home where his bones shall rest, and where his children, to the third and fourth generation, shall revere his memory and guard his burial-place. The Romans consecrated the family mansion, or home, and offered daily sacrifices to their ancestry, the Lares and Manes, who were supposed to invisibly hover about it, as guardian genii. It was a beautiful superstition, and must have ennobled and purified those who believed and practised it. Who would not be a better and a happier being, if he thought the disembodied spirits of his father and his sainted mother, were tenderly watching over his conduct, and guarding him from harm. In modern society, Trade, the god Mammon of our day, has expelled the Manes and Penates, and the new possessor, with no fear of being haunted by the spirits of the dead, drives the ruthless ploughshare through their re.iting-places. In such society there can be little of happiness or contentment, no attachment to home, to the soil and to country, no feelings of conservatism; and no stability in men's fortunes, faith, or opinions; and hence no stability in government, nor in governmental, religious, or other institutions. Our moral, social, religious, and political world, is like the Mississippi valley, 161

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Trade and Panics [pp. 159-164]
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Fitzhugh, Geo.
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Debow's review, Agricultural, commercial, industrial progress and resources. / Volume 27, Issue 2

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"Trade and Panics [pp. 159-164]." In the digital collection Making of America Journal Articles. https://name.umdl.umich.edu/acg1336.1-27.002. University of Michigan Library Digital Collections. Accessed June 22, 2025.
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