The Junius Tracts, Vol. 1

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Excerpt from The Junius Tracts, Vol. 1: The Test, Or, Parties Tried by Their Acts, March, 1843It was a temptation, an enticement to general extravagance and wild speculation, and the whole country, individuals, corporations, and States, were seduced by the bait. Banks grew up like mushrooms, States launched out in internal improvements, and the whole community was infected with the madness of the time. The in¿ation of credit, produced by this cause, was unnatural, and doomed to burst. Ordinarily, trade, in its natural action, though in con stant vibration, will regulate itself, but this unnatural impulse forced the pendulum to a fearful height, and its backward sweep put the whole machinery out of order.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.