“Another prominent feature is the love of ‘smart’ dealing: which gilds over many a swindle and gross breach of trust; many a defalcation, public and private; and enables many a knave to hold his head up with the best, who well deserves a halter: though it has not been without its retributive operation, for this smartness has done more in a few years to impair the public credit, and to cripple the public resources, than dull honesty, however rash, could have effected in a century. The merits of a broken speculation, or a bankruptcy, or of a successful scoundrel, are not gauged by its or his observance of the golden rule, ‘Do as you would be done by’, but are considered with reference to their smartness. I recollect, on both occasions of our passing that ill-fated Cairo on the Mississippi, remarking on the bad effects such gross deceits must have when they exploded, in generating a want of confidence abroad, and discouraging foreign investment: but I was given to understand that this was a very smart scheme by which a deal of money had been made: and that its smartest feature was, that they forgot these things abroad, in a very short time, and speculated again, as freely as ever. The following dialogue I have held a hundred times: ‘Is it not a very disgraceful circumstance that such a man as So-and-so should be acquiring a large property by the most infamous and odious means, and notwithstanding all the crimes of which he has been guilty, should be tolerated and abetted by your citizens? He is a public nuisance, is he not?’ ‘Yes, sir.’ ‘A convicted liar?’ ‘Yes, sir.’ ‘He has been kicked, and cuffed, and caned?’ ‘Yes, sir.’ ‘And he is utterly dishonourable, debased, and profligate?’ ‘Yes, sir.’ ‘In the name of wonder, then, what is his merit?’ ‘Well, sir, he is a smart man.’ “But the foul growth of America has a more tangled root than this; and it strikes its fibres, deep in its licentious Press. “Schools may he erected, East, West, North, and South; pupils be taught, and masters reared, by scores upon scores of thousands; colleges may thrive, churches may be crammed, temperance may be diffused, and advancing knowledge in all other forms walk through the land with giant strides; but while the newspaper press of America is in, or near, its present abject state, high moral improvement in that country is hopeless. Year by year, it must and will go back; year by year, the tone of public opinion must sink lower down; year by year, the Congress and the Senate must become of less account before all decent men; and year by year, the memory of the Great Fathers of the Revolution must be outraged more and more, in the bad life of their degenerate child.