ABSTRACT

Ch<trtist movement took shape in an organised body, &nd from that date onwards for several years turmoil, rioting, and semi-insurrection pervaded the country.

But all thiR, though it might slightly impede, could not greatly check the expansion which had cornmenced a few years before. The year 1836 provided the second of two exceptionally abundant harvests in succession, and, similar causes producing the liko eftects, 1836 witnessed a. recunence of that mania of speculation and therewith an astounding el!:pansion of confidence and credit which had ended in the crash of 1825. It is unnecessary to enlarge upon the folly of speculators and investors at such periods, unless new features of mania present themselves for analysis and consideration. The memory of investors and men of business is always shor t, and modern conditions of finance and commerce tend to limit their foresight. Thus each successive generation of ten years produces its fresh crop of needy adventurers and credulous premium-hunters. T here is really no necessity to invent new methods : the financial three-card trick and the commercial confidence dodge never fail to attract a new set of victims, and those who perpetrate them successfully, instead of undergoing imprisonment, attain to the highest positions in the city, society, and politics.