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Irving, Washington, 1783-1859

"The Crayon Papers"

Law was but like a poor conjurer
in the hands of a potent spirit that he has evoked, and that obliges him to
go on, desperately and ruinously, with his conjurations. He only thought at
the outset to raise the wind, but the regent compelled him to raise the
whirlwind.
The investigation of the affairs of the company by the council resulted in
nothing beneficial to the public. The princes and nobles who had enriched
themselves by all kinds of juggles and extortions, escaped unpunished, and
retained the greater part of their spoils. Many of the "suddenly rich," who
had risen from obscurity to a giddy height of imaginary prosperity, and had
indulged in all kinds of vulgar and ridiculous excesses, awoke as out of a
dream, in their original poverty, now made more galling and humiliating by
their transient elevation.
The weight of the evil, however, fell on more valuable classes of society;
honest tradesmen and artisans, who had been seduced away from the safe
pursuits of industry, to the specious chances of speculation.


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