Excerpt from The Dawn of a New Era in Finance
If the question were to be asked: What has been the greatest affliction to the human race? Probably most people would answer "war." The prevalence of this opinion is undoubtedly due to the fact, that wars are preceded by angry debates in the senate and elsewhere, and finally ushered in with the noisy ring of artillery and the loud shouts of advancing armies. But the ravages of war are usually confined to one or two countries and often times to small parts of countries. Then too, it is frequently, if indeed it is not generally the case that people not residing in the immediate vicinity of the contending armies remain prosperous during the whole conflict. As, for example, our own country during the late rebellion, and England in her fierce war with Napoleon.
If we study the subject carefully, we shall discover that there is another destroyer of human happiness, which rarely confines itself to one or two countries but oftener sweeps over the earth, therefore is much more to be dreaded than war. Indeed it sometimes leads to war, always to discontent and bickering. It overtakes us so frequently and tarries so long, that we are seldom free from its contaminating and painful presence.
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