Boys -- Juvenile fiction; New England -- Juvenile fiction
There was something singularly agreeable in being an object of so great
interest. Sometimes I had all I could do to preserve my dejected aspect,
it was so pleasant to be miserable. I incline to the opinion that
people who are melancholy without any particular reason, such as poets,
artists, and young musicians with long hair, have rather an enviable
time of it. In a quiet way I never enjoyed myself better in my life than
when I was a Blighted Being.
Chapter Twenty--I Prove Myself To Be the Grandson of My Grandfather
It was not possible for a boy of my temperament to be a blighted being
longer than three consecutive weeks.
I was gradually emerging from my self-imposed cloud when events took
place that greatly assisted in restoring me to a more natural frame of
mind. I awoke from an imaginary trouble to face a real one.
I suppose you don't know what a financial crisis is? I will give you an
illustration.
You are deeply in debt--say to the amount of a quarter of a dollar--to the
little knicknack shop round the corner, where they sell picture-papers,
spruce-gum, needles, and Malaga raisins. A boy owes you a quarter of a
dollar, which he promises to pay at a certain time. You are depending
on this quarter to settle accounts with the small shop-keeper. The
time arrives--and the quarter doesn't. That's a financial crisis, in one
sense--twenty-five senses, if I may say so.
When this same thing happens, on a grander scale, in the mercantile
world, it produces what is called a panic. One man's inability to pay
his debts ruins another man, who, in turn, ruins someone else, and
so on, until failure after failure makes even the richest capitalists
tremble. Public confidence is suspended, and the smaller fry of
merchants are knocked over like tenpins.
These commercial panics occur periodically, after the fashion of comets
and earthquakes and other disagreeable things.
Such a panic took place in New Orleans in the year 18--, and my father's
banking-house went to pieces in the crash.
Of a comparatively large fortune nothing remained after paying his debts
excepting a few thousand dollars, with which he proposed to return North
and embark in some less hazardous enterprise. In the meantime it was
necessary for him to stay in New Orleans to wind up the business.
My grandfather was in some way involved in this failure, and lost, I
fancy, a considerable sum of money; but he never talked much on the
subject. He was an unflinching believer in the spilt-milk proverb.
“It can't be gathered up,” he would say, “and it's no use crying over
it. Pitch into the cow and get some more milk, is my motto.”
Public-domain text, read in full here on John Shaqi.
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