“After such a crash as Cavendish’s,” replied the widow, “all concerns in the neighbourhood must feel a great difference. But, besides bad debts and much loss of custom, you would hardly believe how Mr. Pye’s business has suffered only from the scarcity of small change. The great country folks come to buy children’s books as they used to do, and they let their bills run up to a large even sum. But the middling and poor people, who do not run bills, have mostly left off sending for their little supply of stationery, and their cheap tracts, and even their almanacks. You may be in the shop the whole morning, and not a customer will come for a penny sheet of paper; which is a thing I should not have believed five years ago. Mr. Pye laughs, poor man, and says that if love-letters are written in Haleham now, it must be on the backs of old letters; for none of the Haleham lovers seem to have any pence to spare.”
“How do the grocers and drapers and butchers get on?” asked Hester. “The same inconvenience must affect them.”
“There is nothing for it but letting bills run, or serving two or three customers together, who pay each other afterwards as they may agree. Some of our shopkeepers excuse a small part of the price in consideration of being paid in change. They are very unwilling to take large notes. A ten will rarely change for any thing but two fives; and five may go round the town for days before any one will take it for a small payment.”
“It is very well,” observed Hester, “that my husband remembered this, and gave me only ones. To be sure he is the person to be aware of such things if any body is, for the Mint has been very busy lately coining bank tokens. But if small change bears a premium, I suppose much that has disappeared will soon come back again.”
The widow wished it might; and that it would bring with it the credit and the plenty of money in which Haleham had formerly rejoiced. Hester observed, that the credit must co-exist with the abundance of money in order to make it of any use; and that credit would be now of some use, she supposed, in compensating for the scarcity of money, if its diminution had not unfortunately been the cause of such scarcity. She was surprised, however, to find her mother, an annuitant, sighing for the days of high prices. She thought she must now find her income go much farther than during the time when Cavendish’s bank was flourishing. This was very true; and Mrs. Parndon’s sighs were for Enoch and not for herself. She brightened when reminded to relate how the little matters of her house-keeping had grown cheaper since her daughter left her. When the list was gone through, Hester remarked that the recollection of this comforted her about the Berkeleys. Edgar had told her that the partners of the D—— bank were living on allowances made by the creditors, while the affairs of the bank were being wound up. It was pleasant to think that such an allowance became worth more as money grew scarcer; and she hoped that what she at first thought a very poor income for Mr. and Mrs. Berkeley, might by this time have been proved enough to make them very comfortable. The young ladies too had salaries; and these were days when salaries were very advantageous.
“You forget, my dear, how far the debts of the family exceed the allowance and the earnings on which they live. The D—— bank incurred these debts when money was cheap, and has to pay them now that money is dear; which adds to the difficulties of the partners in a way that nobody could have foreseen. It is a subject that poor Mr. Berkeley cannot bear. He is forever complaining of the injustice of it, though nobody can help him now.”
“It would be very well, however, if every body complained, mother; for there would be more care in future how money was made too plentiful at one time and too scarce at another. You know you used to lament very much when not only nobody could help you, but very few were inclined, because there was a great appearance of prosperity while Haleham was filled with Cavendish’s notes. But how is Mrs. Berkeley? for I always liked her better than the old gentleman; and the young ladies, whom I love best of all? It will be a sad blank not to see them here.”
“There is somebody who feels the blank more than you, Hester, and will help to fill it up some day. We all look to Mr. Craig to bring Miss Melea among us again, you know. He always gives me pleasant accounts about the young ladies, when I venture to ask him; and I am sure, from what he says, that they are in no wise down-hearted about a way of life that nobody at one time thought of their following.”
“Did they look so when they came in the spring?”
“By no means. Miss Melea has a grave look in her sweet face now; but that would be natural from her prospects, you know. And she laughs as merrily as ever when she is with the children at their play, and sings like an angel. She is fonder of children than ever, which is a very good sign of her being happy, so much more as she has to do with them now.”