"_ [Because it is only paper.]--It is vain to
persuade them to oeconomize what they think a few weeks may render
valueless; and such is the evil of a circulation so totally discredited,
that profusion assumes the merit of precaution, extravagance the plea of
necessity, and those who were not lavish by habit become so through
their eagerness to part with their paper. The buried gold and silver
will again be brought forth, and the merchant and the politician forget
the mischief of the assignats. But what can compensate for the injury
done to the people? What is to restore their ancient frugality, or
banish their acquired wants? It is not to be expected that the return
of specie will diminish the inclination for luxury, or that the human
mind can be regulated by the national finance; on the contrary, it is
rather to be feared, that habits of expence which owe their introduction
to the paper will remain when the paper is annihilated; that, though
money may become more scarce, the propensities of which it supplies the
indulgence will not be less forcible, and that those who have no other
resources for their accustomed gratifications will but too often find
one in the sacrifice of their integrity.--Thus, the corruption of
manners will be succeeded by the corruption of morals, and the
dishonesty of one sex, with the licentiousness of the other, produce
consequences much worse than any imagined by the abstracted calculations
of the politician, or the selfish ones of the merchant.
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