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Literally millions were living in abject poverty, slaves to their pay-envelopes; to lose a job meant to lose everything, there being more laborers than jobs, or if not, at least recurrent "panics" and "hard times" when the mills and the mines shut down. And these wage slaves had practically no voice in one of the chief things of their life their work.
In many respects the National Banking Law furnishes sufficient liberty for the proper exercise of the banking function; but there seems to be need of better safeguards against the deranging influence of commercial crises and financial panics. Moreover, the currency of the country should be made responsive to the demands of our domestic trade and commerce.
I cannot make out from anything I have read or you have told me, how he creates those panics and makes all that money." "No one has ever been able to figure it out," I answered. "I understand the stock business, but I cannot for the life of me see how he does it.
Both Swedes and Quakers composed the jury; there were no hysterics; the matter was dispassionately canvassed; impressions and prejudices were not accepted as evidence; and in the end the verdict was that though she was guilty of being called a witch, a witch she nevertheless was not. The distinction was so well taken that no more witch trials or panics occurred.
Panics like the one we have described might bow and sway them like reeds in the wind; but they stood up like the oaks of their own forests beneath the thunder and the hail of actual calamity.
They knew, too, that the famous engineer was at that moment in England. In a moment one of those horrible panics, which spread with such contagious rapidity among large bodies of men, seized upon the Spaniards.
War is the result of the action of the herd instinct in man upon the old instinct of aggression. At least aggressive war is. Men in all their social relations show the play of these instincts; in war it is the old aggressive instinct, the old passion of the pack, that dominates them; and it is the ancestral herd-fears that overcome them in their panics.
There are moments when he is mad with joy, when he cannot keep still, when his impulse is to sing and shout aloud and laugh at nothing, to run and leap and exert himself in some extravagant way. Among the heavier mammalians the feeling is manifested in loud noises, bellowings and screamings, and in lumbering, uncouth motions throwing up of heels, pretended panics, and ponderous mock battles.
Panics like the one we have described might bow and sway them like reeds in the wind; but they stood up like the oaks of their own forests beneath the thunder and the hail of actual calamity.
When the boys had once got over the disgrace of feeling that a girl was tagging after them, and took Elizabeth on her own merits, these three generally got on very amicably. She was often a great nuisance, but on the whole they got as much fun as trouble from her panics over snakes and field-mice, and, when out of sight of The Dale, they voted her as good a fellow as the rest.
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