January 5.
TWELFTH-DAY EVE.
Agricultural Custom.
In the parish of Pauntley, a village on the borders of the county of Gloucester, next Worcestershire, and in the neighbourhood, “a custom, intended to prevent the smut in wheat, in some respect resembling the Scotch Beltein, prevails.” “On the eve of Twelfth-day all the servants of every farmer assemble together in one of the fields that has been sown with wheat. At the end of twelve lands, they make twelve fires in a row with straw; around one of which, made larger than the rest, they drink a cheerful glass of cyder to their master’s health, and success to the future harvest; then, returning home, they feast on cakes made of caraways, &c. soaked in cyder, which they claim as a reward for their past labours in sowing the grain.”[14]
Credulity and Incredulity.
In the beginning of the year 1825, the flimsiest bubbles of the most bungling projectors obtained the public confidence; at the close of the year that confidence was refused to firms and establishments of unquestionable security. Just before Christmas, from sudden demands greatly beyond the amounts which were ready for ordinary supply, bankers in London of known respectability stopped payment; the panic became general throughout the kingdom, and numerous country banks failed, the funds fell, Exchequer bills were at a heavy discount, and public securities of every description suffered material depression. This exigency rendered prudence still more circumspect, and materially retarded the operations of legitimate business, to the injury of all persons engaged in trade. In several manufacturing districts, transactions of every kind were suspended, and manufactories wholly ceased from work.
EXCHEQUER BILLS.
To the Editor of the Every-Day Book.
Sir,