Atlantic Monthly
Atlantic Monthly
Vol. 1, No. 4, February, 1858
Book Excerpt
annot be ridden; they are so fractious and intractable, that, put
whom you will upon their back, he is thrown, and invent what snaffle or
breaking-bit you may, they will not be held to an equable or moderate
pace. And of this sort, judging by the past attempts, is Paper Money.
All the ingenuity and efforts of the most skillful trainers of the Old
World, and of the most cunning jockeys of the New, have been tasked in
vain to devise an effective discipline and curb for this impatient colt.
Paper Money either refuses to be ridden, and runs rampant away, or, if
any one succeed in mounting him for a time, he performs a journey like
that which Don Quixote took on the back of the famous Cavalino, or
Winged Horse. In imagination he ascended to the enchanted regions,--but
in reality he was only dragged through alternate gusts of fire and of
cold winds, to find the horse himself, in the end, a mere depository of
squibs and crackers.
Paper money has been issued, for the most part, on the one or the other of two condi
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