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very fortunate in having done so, as he would have been declared an emigrant, he replied, laughing, _"Moi emigre qui n'ai pas un sol:"_ ["I am emigrant, who am not worth a halfpenny!"]--No, no; they don't make emigrants of those who are worth nothing. And this was not said with any intended irreverence to the Convention, but with the simplicity which really conceived the wealth of the emigrants to be the cause of the severity exercised against them. The commercial and political evils attending a vast circulation of assignats have been often discussed, but I have never yet known the matter considered in what is, perhaps, its most serious point of view--I mean its influence on the habits and morals of the people. Wherever I go, especially in large towns like this, the mischief is evident, and, I fear, irremediable. That oeconomy, which was one of the most valuable characteristics of the French, is now comparatively disregarded. The people who receive what they earn in a currency they hold in contempt, are more anxious to spend than to save; and those who formerly hoarded six liards or twelve sols pieces with great care, would think it folly to hoard an assignat, whatever its nominal value. Hence the lower class of females dissipate their wages on useless finery; men frequent public-houses, and game for larger sums than before; little shopkeepers, instead of amassing their profits, become more luxurious in their table: public places are always full; and those who used, in a dress becoming their station, to occupy the "parquet" or "parterre," now, decorated with paste, pins, gauze, and galloon, fill the boxes:--and all this destructive prodigality is excused to others and themselves _"par ce que ce n'est que du papier."_ [Because it is only paper.]--It is vain to persuade them to oeconomize what they think a few weeks may render valueless; and such is the evil of a circulation so totally discredited, that profusion assumes the merit of precaution, extravagance the plea of necessity, and those who were not lavish by habit become so through their eagerness to part with their paper. The buried gold and silver will again be brought forth, and the merchant and the politician forget the mischief of the assignats. But what can compensate for the injury done to the people? What is to restore their ancient frugality, or banish their acquired wants? It is not to be expected that the return of specie will diminish the inclina
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