So long as free land exists, the opportunity for a competency exists, and economic power secures political power. But the democracy born of free land, strong in selfishness and individualism, intolerant of administrative experience and education, and pressing individual liberty beyond its proper bounds, has its dangers as well as its benefits. Individualism in America has allowed a laxity in regard to governmental affairs which has rendered possible the spoils system and all the manifest evils that follow from the lack of a highly developed civic spirit. In this connection may be noted also the influence of frontier conditions in permitting lax business honor, inflated paper currency and wild-cat banking. The colonial and revolutionary frontier was the region whence emanated many of the worst forms of an evil currency.[32:1] The West in the War of 1812 repeated the phenomenon on the frontier of that day, while the speculation and wild-cat banking of the period of the crisis of 1837 occurred on the new frontier belt of the next tier of States. Thus each one of the periods of lax financial integrity coincides with periods when a new set of frontier communities had arisen, and coincides in area with these successive frontiers, for the most part. The recent Populist agitation is a case in point. Many a State that now declines any connection with the tenets of the Populists, itself adhered to such ideas in an earlier stage of the development of the State. A primitive society can hardly be expected to show the intelligent appreciation of the complexity of business interests in a developed society. The continual recurrence of these areas of paper-money agitation is another evidence that the frontier can be isolated and studied as a factor in American history of the highest importance.[32:2] The East has always feared the result of an unregulated advance of the frontier, and has tried to check and guide it. The English authorities would have checked settlement at the headwaters of the Atlantic tributaries and allowed the "savages to enjoy their deserts in quiet lest the peltry trade should decrease." This called out Burke's splendid protest: