Charles Mackay Quotes

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.

Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry ’em down;
Divide the empty nothing into shares,
And set the crowd together by the ears. – Defoe

Posterity is grateful if our contemporaries are not.

Mr. Walpole was almost the only statesman in the House who spoke out boldly against it. He warned them, in eloquent and solemn language, of the evils that would ensue. It countenanced, he said, “the dangerous practice of stockjobbing, and would divert the genius of the nation from trade and industry. It would hold out a dangerous lure to decoy the unwary to their ruin, by making them part with the earnings of their labour for a prospect of imaginary wealth. The great principle of the project was an evil of first-rate magnitude; it was to raise artificially the value of the stock, by exciting and keeping up a general infatuation, and by promising dividends out of funds which could never be adequate to the purpose. In a prophetic spirit he added, that if the plan succeeded, the directors would become masters of the government, form a new and absolute aristocracy in the kingdom, and control the resolutions of the legislature.

passed. The chiefs were instantly at the foot of the wall: Phirouz let down a rope; Bohemund attached it to the end of a ladder of hides, which was then raised by the Armenian, and held while the knights mounted. A momentary fear came over the spirits of the adventurers, and every one hesitated. At last Bohemund,8encouraged by Phirouz from above, ascended a few steps on the ladder, and was followed by Godfrey, Count Robert of Flanders, and a number of other knights. As they advanced, others pressed forward, until their weight became too great for the ladder, which, breaking, precipitated about a dozen of them to the ground, where they fell one upon the other, making a great clatter with their heavy coats of mail.

In February 1720 an edict was published, which, instead of restoring the credit of the paper, as was intended, destroyed it irrecoverably, and drove the country to the very brink of revolution...

The English commenced their career of extravagance somewhat later than the French; but as soon as the delirium seized them, they were determined not to be outdone.

A traveller on a dusty road
⁠Strewed acorns on the lea;
And one took root and sprouted up,
⁠And grew into a tree.
Love sought its shade at evening-time,
⁠To breathe its early vows;
And Age was pleased, in heights of noon,
⁠To bask beneath its boughs.
The dormouse loved its dangling twigs,
⁠The birds sweet music bore — It stood a glory in its place,
⁠A blessing evermore.

You have no enemies, you say? Alas, my friend, the boast is poor. He who has mingled in the fray of duty that the brave endure, must have made foes. If you have none, small is the work that you have done. You’ve hit no traitor on the hip. You’ve dashed no cup from perjured lip. You’ve never turned the wrong to right. You’ve been a coward in the fight.

Every age has its peculiar folly; some scheme, project, or phantasy into which it plunges, spurred on either by the love of gain, the necessity of excitement, or the mere force of imitation. Failing in these, it has some madness, to which it is goaded by political of religious causes, or both combined.

Thus did they nurse their folly, as the good wife of Tam O’Shanter did her wrath, “to keep it warm.

the dangerous practice of stock-jobbing, and would divert the genius of the nation from trade and industry. It would hold out a dangerous lure to decoy the unwary to their ruin, by making them part with the earnings of their labour for a prospect of imaginary wealth. The great principle of the project was an evil of first-rate magnitude; it was to raise artificially the value of the stock, by exciting and keeping up a general infatuation, and by promising dividends out of funds which could never be adequate to the purpose.

St. Gregory of Nice relates a story of a nun who forgot to say her benedicite, and make the sign of the cross, before she sat down to supper, and who, in consequence, swallowed a demon concealed among the leaves of a lettuce.

Oh, you tears,
I'm thankful that you run.
Though you trickle in the darkness,
You shall glitter in the sun.
The rainbow could not shine if the rain refused to fall;
And the eyes that cannot weep are the saddest eyes of all.

Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive. As the man looks back to the days of his childhood and his youth, and recalls to his mind the strange notions and false opinions that swayed his actions at the time, that he may wonder at them; so should society, for its edification, look back to the opinions which governed ages that fled.