5. “The country now reaped in honor and repose all it had sown in courage, constancy and wisdom.”
6. “Our prosperity extended to all ranks of men, enhanced by those arts which minister to human comfort, and those inventions by which man seems to have obtained a mastery over Nature through the application of her own powers.”
But one honorable gentleman informed the Commons that “distress had vanished from the land,” * and in addressing the throne acknowledged a novel embarrassment: “Such,” said he, “is the general prosperity of the country, that I feel at a loss how to proceed; whether to give precedence to our agriculture, which is the main support of the country, to our manufactures, which have increased to an unexampled extent, or to our commerce, which distributes them to the ends of the earth, finds daily new outlets for their distribution, and new sources of national wealth and prosperity.”
* “The poor ye shall have always with you.”—Chimerical
Evangelist.
Our old bank did not profit by the golden shower. Mr. Hardie was old, too, and the cautious and steady habits of forty years were not to be shaken readily. He declined shares, refused innumerable discounts, and loans upon scrip and invoices, and, in short, was behind the time. His bank came to be denounced as a clog on commerce. Two new banks were set up in the town to oil the wheels of adventure, on which he was a drag, and Hardie fell out of the game.
He was not so old or cold as to be beyond the reach of mortification, and these things stung him. One day he said fretfully to old Skinner, “It is hardly worth our while to take down the shutters now, for anything we do.”
One afternoon two of his best customers, who were now up to their chins in shares, came and solicited a heavy loan on their joint personal security. Hardie declined. The gentlemen went out. Young Skinner watched them, and told his father they went into the new bank, stayed there a considerable time, and came out looking joyous. Old Skinner told Mr. Hardie. The old gentleman began at last to doubt himself and his system.
“The bank would last my time,” said he, “but I must think of my son. I have seen many a good business die out because the merchant could not keep up with the times; and here they are inviting me to be director in two of their companies—good mercantile names below me. It is very flattering. I'll write to Dick. It is just he should have a voice; but, dear heart! at his age we know beforehand he will be for galloping faster than the rest. Well, his old father is alive to curb him.”
It was always the ambition of Mr. Richard Hardie to be an accomplished financier. For some years past he had studied money at home and abroad—scientifically. His father's connection had gained him a footing in several large establishments abroad, and there he sat and worked en amateur as hard as a clerk. This zeal and diligence in a young man of independent means soon established him in the confidence of the chiefs, who told him many a secret. He was now in a great London bank, pursuing similar studies, practical and theoretical.
He received his father's letters sketching the rapid decline of the bank, and finally a short missive inviting him down to consider an enlarged plan of business. During the four days that preceded the young man's visit, more than one application came to Hardie senior for advances on scrip, cargoes coming from Mexico, and joint personal securities of good merchants that were in the current ventures. Old Hardie now, instead of refusing, detained the proposals for consideration. Meantime, he ordered five journals daily instead of one, sought information from every quarter, and looked into passing events with a favorable eye. The result was that he blamed himself, and called his past caution timidity. Mr. Richard Hardie arrived and was ushered into the bank parlor. After the first affectionate greetings old Skinner was called in, and, in a little pompous, good-hearted speech, invited to make one in a solemn conference. The compliment brought the tears into the old man's eyes. Mr. Hardie senior opened, showed by the books the rapid decline of business, pointed to the rise of two new banks owing to the tight hand he had held unseasonably, then invited the other two to say whether an enlarged system was not necessary to meet the times, and submitted the last, proposals for loans and discounts. “Now, sir, let me have your judgment.”