We can now understand the origin of that intense selfishness in the American character, which has never yet been cast aside, and which, in fact, is perpetuated by a republican form of government. The high and nice sense of honour, the chivalrous generosity, the frank acknowledgment of superiority, and the ready devotion of self to the interests of others at the call of duty, constituted the brightest ornaments of the feudal system, and still glitter (though with feebler lustre) among the fragments of that system throughout civilized Europe. The Spirit of Trade, which has shattered feudalism, has impaired the brightness of that principle which was the soul of feudalism. Nor has religion yet succeeded in supplying the loss. Religion, which is the bond between Man and his God, has less influence in regulating his dealings with his fellows than Honour, which is the bond between man and man.* [footnote] *In making this observation, I refer to the general conduct of the World; and am far from intending to say, that honour ought to have more influence with mankind than religion. The truly religious, a small but sacred band, "do justly, love mercy, and walk humbly with God." And when the principle of honour loses its purity, you may be sure that the principle of religion is already decayed or dead. Now the principle of honour being (so to speak) of human origin, depends greatly for existence upon the opinions of men; and when we are emancipated from all great regard for those opinions, it almost inevitably follows that our sense of honour becomes much impaired; and having no longer any fear of censure, we no longer have any feeling of shame. In a colony, then, is most apparent the accursed Spirit of Trade -- that insidious spirit which undermines the truth of the heart, which destroys its most generous impulses, and sneers at every manifestation of disinterestedness. The first object of a colonist is that of a petty shopkeeper, -- to grasp at every thing which is likely to benefit himself, without regard to justice, religion, or honour. His own interest is the only guide of his actions, and becomes the very soul of his existence. He came out to make a fortune, if possible, and he thinks himself justified in using every means to this end. Do not suppose that he is a downright villain who would commit highway robbery. He would be greatly shocked at such an imputation, for his conscience is still too timid for so flagrant a crime. He merely follows the golden maxim of 'caveat emptor', and, like the petty shopkeeper, thinks he is justified in cheating those who are too stupid to look after their own interests, and too ignorant or too feeble to enforce their just dues. When that nice sense of honour which rules the conduct of the high-minded gentleman, and makes him scorn to take advantage of the ignorance or the necessities of another, ceases to influence, the accursed spirit becomes dominant, and men look with suspicion on all around them.