Then  to  make  it  trebly  sure,  the  balance  between  paper
and  specie  is  disturbed  in  the  other  scale  as  well,  by
foreign  loans  to  be  paid  in  gold.  In  1793  the  candle  was
left  unsnuffed ;  but  we  have  lighted  it  at  both  ends,  and
put  it  down  to  roast.  Before  the  year  ends  every  sove-
reign in  the  banks  of  this  country  may  be  called  on  to
cash  £30  of  paper,  bank-paper,  share-paper,  foolscap-
paper,  waste-paper.  In  1793  a  small  excess  of  paper
over  specie  had  the  power  to  cause  a  panic,  and  break
some  ninety  banks.  But  our  excess  of  paper  is  far  larger,
and  with  that  fatal  error  we  have  combined  foreign  loans


LOVE  ME  LITTLE,  LOVE  ME  LONG.  219

and  three  hiindred  bubble  companies.  Here,  then,  meet
three  bubbles,  each  of  which  unaided  secures  a  panic.
Events  revolve,  gentlemen,  and  reappear  at  intervals.
