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Updated: May 20, 2025
Even before the expected battle had begun, one of those hideous and unaccountable panics which sometimes break out like a moral pestilence to destroy all the virtue of an army, and to sweep away the best-considered schemes of a general, had spread through Ernest's entire force.
I thought panics were hurricanes that swept fortunes away." The elder brother laid an immaculately gloved hand on the coat-sleeve of the younger. "It's a thing I wouldn't confide to any one else, but I trust you even if I don't give a damn for your judgment. As you say, hurricanes mean ruin for the unprepared, but there are also men to whom hurricanes mean salvage."
Palma answered promptly: "Because the Pans who inhabited that region were the first who learned of the disaster, and as they spread the fatal news among the people, all sudden public frights and shocks have been ever since called panics. The carriage is ready. We shall be late at the wedding. Olga, where is your shawl?"
And surely this could not be chance alone, but must rather be the finger of Providence guiding me to that which I desired to find. This consideration somewhat restored my courage, and after several feints to return, advances, stoppings, and panics, I was in the vault again, walking carefully round the stack of barrels, and fearing to see the glimmer of the candle fall upon that beard.
And yet, do you know, with all my blemishes, all my misgivings, all my discouragements, panics, despondent moments, I am, way down inside, serenely and unaccountably certain that I can paint like the devil, and that I am going to do it. That sounds cheeky, doesn't it?" "It sounds all right to me," said Scott. And he walked away thoughtfully, fists dug deep in his pockets.
From instances of popular tumults, seditions, factions, panics, and of all passions, which are shared with a multitude, we may learn the influence of society in exciting and supporting any emotion; while the most ungovernable disorders are raised, we find, by that means, from the slightest and most frivolous occasions.
They had taken the first steamer out, and the combined efforts of all had been necessary to prevail upon MacWilliams to accompany them; and even now the fact that he was to act as Clay's best man and, as Langham assured him cheerfully, was to wear a frock coat and see his name in all the papers, brought on such sudden panics of fear that the fast-fading coast line filled his soul with regret, and a wilful desire to jump overboard and swim back.
There is no class in the community more interested in a safe and sane banking and currency system, one which will prevent panics and automatically furnish in each trade center the currency needed in the carrying on of the business at that center, than the wage earner.
But without inquiring into the origin of the increase at panics, the amount of the bankers' deposits in fact increases very rapidly; an immense amount of unused money is at such moments often poured by them into the Bank of England. And nothing can more surely aggravate the panic than to forbid the Bank of England to lend that money.
It is true that his attacks bared some of the most deeply rooted evils which have always been at the bottom of our panics dishonesty in the administration of great aggregations of capital. Great were the lamentations and doleful the predictions of what would happen should the President not change his policy of enforcing the laws.
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