The prospect of extricating the country from these embarrassments was by no means flattering.

Whilst every thing else fluctuated, some of the causes which produced this calamitous state of things were permanent.

The hope and fear still remained, that the debtor party would obtain the victory at the elections; and instead of making the painful effort to obtain relief by industry and economy, many rested all their hopes on legislative interference.

The mass of national labour, and of national wealth, was consequently diminished.
In every quarter were found those who asserted it to be impossible for the people to pay their public or private debts; and in some instances, threats were uttered of suspending the administration of justice by violence.
By the enlightened friends of republican government, this gloomy state of things was viewed with deep chagrin.

Many became apprehensive that those plans from which so much happiness to the human race had been anticipated, would produce only real misery; and would maintain but a short and a turbulent existence.