too-speculative

Updated: August 23, 2026

But as to repudiation, there is not a hint or notion of it in any responsible quarter whatever, any more than with regard to our British Consols, although the colony is, for the time, in the extremity of a depression, ever recurrent in such young, fast-going societies, caused by a continuous subsiding of previous too-speculative values.

William Westgarth - Personal Recollections of Early Melbourne and Victoria