The year 1814 constituted a crisis, not only in our political history, but also in our commercial, manufacturing, and industrial interests. The treaty of Ghent, which put a period to the war with England, was a blessing to many individuals and classes in America: but, in its consequences, it had no small share of the effects of a curse upon that class of citizens who were engaged in certain branches of manufactures. It was a peculiarity of the crisis, that these persons had been stimulated by double motives, to invest their capital and skill in the perfecting and establishment of the manufactories referred to, by the actual wants of the country and the high prices of the foreign articles. No pains and no cost had been spared, by many of them, to supply this demand; and it was another result of the times, that no sooner had they got well established, and were in the high road of prosperity than the peace came and plunged them headlong from the pinnacle of success. This blow fell heavier upon some branches than others. It was most fatal to those manufacturers who had undertaken to produce fabrics of the highest order, or which belong to an advanced state of the manufacturing prosperity of a nation. Be this as it may, however, it fell with crushing force upon that branch in which I was engaged. As soon as the American ports were opened to these fabrics, the foreign makers who could undersell us, poured in cargo on cargo; and when the first demands had been met, these cargoes were ordered to be sold at auction; the prices immediately fell to the lowest point, and the men who had staked in one enterprise their zeal, skill and money, were ruined at a blow. Every man in such a crisis, must mentally recoil upon himself. Habits of application, reading, and an early desire to be useful, had sustained me at a prior period of life, through the dangers and fascinations of jovial company. There was in this habit or temper of room-seclusion, a pleasing resource of a conservative character, which had filled up the intervals of my busiest hours; and when business itself came to a stand, it had the effect to aid me in balancing and poising my mind, while I prepared to enter a wider field, and indeed, to change my whole plan of life. If it did not foster a spirit of right thought and self-dependence, it, at least, gave a degree of tranquillity to the intervals of a marked pause, and, perhaps, flattered the ability to act.