The Lessons of the Panic.

A Nytime article from October 8, 1857, Wednesday

There has been many an eye wearied, by seeing the costly and gaudy evidences of thoughtless extravagance,which has brought ruin upon a once happy home. Too many banckruptcies and suspensions which are caused by reckless sepctulation and personal extravagences. It is among the consolitaions to be derived from history financial panics that we shall be the wiser for them after they are over, and less likely to suffer from them again.

Sounds familier ?

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