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I have since been occasionally reminded of this scene, by those calm, sunny
seasons in the commercial world, which are known by the name of "times of
unexampled prosperity." They are the sure weather-breeders of traffic.
Every now and then the world is visited by one of these delusive seasons,
when "the credit system," as it is called, expands to full luxuriance,
everybody trusts everybody; a bad debt is a thing unheard of; the broad way
to certain and sudden wealth lies plain and open; and men are tempted to
dash forward boldly, from the facility of borrowing.
Promissory notes, interchanged between scheming individuals, are liberally
discounted at the banks, which become so many mints to coin words into
cash; and as the supply of words is inexhaustible, it may readily be
supposed what a vast amount of promissory capital is soon in circulation.
Every one now talks in thousands; nothing is heard but gigantic operations
in trade; great purchases and sales of real property, and immense sums made
at every transfer.


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