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Any movement, however irregular, which indicates life, is better than the quiet of death. In the overruling providence of God, the troubling may prepare the way for healing. Some of us may have erred on one hand and some on the other, and this shaking of the balance may adjust it. Originally published as an introduction to a reissue of the work.
Biddle's remark in a letter to a friend in Baltimore, "If the Bank charter were renewed or prolonged, I believe the pecuniary difficulties of the country would be immediately healed," shows his attitude; and by this time the people seem to have come to the conclusion that it was not a war of Jackson upon the Bank so much as a war of the Bank upon the country to compel the reissue of a charter which was about to expire.
You will be informed by the report from the Treasury Department of the measures taken under the act of the last session authorizing the reissue of Treasury notes in lieu of those then outstanding.
While I am far from objecting, under present circumstances, to the recommendation of the Secretary that authority be granted him to reissue Treasury notes as they shall be redeemed, and to other suggestions which he has made on this subject, yet it appears to me to be worthy of grave consideration whether more permanent and certain supplies ought not to be provided.
They advised a reissue of prospectuses and advertisements; which being carried into effect at the cost of a hundred pounds, brought a shoal of fresh applicants, with their entrance-money, and for the moment relieved the pressure upon the exchequer.
This policy meant, of course, a contraction of the volume of currency and consequently met with immediate opposition. In February, 1868, Congress prohibited the further retirement of greenbacks and left to the discretion of the Secretary of the Treasury the reissue of the $44,000,000 which had been retired.
It was as though the very beams of the far-off serenest moon, falling upon his flute and dropping down into its interior through its little round openings, were by his touch shorn of all their lustre, their softness, their celestial energy, and made to reissue as music.
It would seem from the tenor of this remarkable enactment that much of the sudden revulsion of popular feeling had been owing to the assumption of all legislative action by the baronage alone. The same policy was seen in a reissue in the form of a royal Ordinance of some of the most beneficial provisions of the Ordinances which had been formally repealed.
In the editing of this reissue of 'Melville's Works, I have been much indebted to the scholarly aid of Dr. Titus Munson Coan, whose familiarity with the languages of the Pacific has enabled me to harmonise the spelling of foreign words in 'Typee' and 'Omoo, though without changing the phonetic method of printing adopted by Mr. Melville. Dr.
The arbitress of the passions indeed wrote nothing to compare in popularity with "Robinson Crusoe," but before 1740 her "Love in Excess" ran through as many editions as "Moll Flanders" and its abridgments, while "Idalia: or, the Unfortunate Mistress" had been reprinted three times separately and twice with her collected novels before a reissue of Defoe's "Fortunate Mistress" was undertaken.
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