Crisis in Future All

1 mentions.

1846

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1846

one mention

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They were greatly deceived if they supposed that by putting down the gambling mania for the present, they extirpated it; for it had its root in the bad passions of human nature, and would continue to visit, haunt, distract, and half ruin this country, as it had done in 1825 and 1826; as it had done in a lesser way in 1807, in the Buenos Ayres gambling mania; as it had done in "the Orders in Council" mania, which led to the smuggling transactions of 1809, 1810, 1811, and 1812; and as it had done, worst of all, in 1825, producing a panic, almost a convulsion, in the money market, which was very nearly being repeated within a few months or a few weeks past; but which, owing to the good and firm conduct of those at the head of affairs, and owing to the admirable conduct of the Bank of England, had happily passed over without seriously injuring us, and only left us to hope and pray that such a wise improvement of the system might take place as should render the recurrence of any such frightful Crisis in Future All but impossible.


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