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The portion which had been issued upon the deposit of shares partook of the danger of the shares themselves; but no one thought of that, and the bank-notes still possessed the entire confidence of the public; only they no longer had the same advantage over specie since the latter had been so much sought by the "realizers."

Every corner and nook is built up into some snug, cozy nestling place, some "procreant cradle," not tenanted by meager expectants or whiskered warriors, but by sleek placemen; knowing realizers of present pay and present pudding; who seem placed there not to kill and destroy, but to breed and multiply.

A special commission arbitrarily placed on this list the names of those whom public opinion designated as having enriched themselves by speculation in paper. They were ordered to deposit a certain number of shares at the offices of the company, and to purchase the required number if they had sold their own. The "realizers" were thus brought back by force to the company which they had deserted.

I say democracy is only of use there that it may pass on and come to its flower and fruits in manners, in the highest forms of interaction between men, and their beliefs in religion, literature, colleges, and schools democracy in all public and private life, and in the army and navy. I have intimated that, as a paramount scheme, it has yet few or no full realizers and believers.