se saw what was impending, and the
foolish thought it impossible. All of this was based on credit. The
banks were irresponsible, for they were without capital: they had
created a credit and loaned it in the shape of bank paper to every one.
Finally, the hour came when all was to be paid for. The banks
failed--like the fame of woman, a whisper destroys it; so a whisper
blew away the banks. They could not redeem their promises to pay. These
were no longer available for currency: they had driven from the country
the coin, and there was no money. The merchants failed, the planters
failed, money appreciated to the gold standard, and property
correspondingly depreciated; and ruin--financial ruin--swept over the
country as a consuming fire.
Nowhere was this destruction so complete as in Mississippi. The people
of the State had been collected from all the States of the West and
South. There was no common bond but interest; a healthy public
sentiment, which must result from a homogeneous population, was
unknown; there was no restraining influence upon the conduct of men,
save only the law, and, for the want of efficient administration, this
was almost powerless. Every one was making haste to be rich;
speculation was wild, and everyday was witnessing transactions of
doubtful morality. Society was a chaos, and _sauve qui peut_, or, take
care of yourself, the rule. Every one who owed money, however
inconsiderable the sum, was ruined. Under such circumstances, Prentiss
determined on removing from Mississippi, and selected New Orleans for
his future home. The civil law, or Roman Code, was the law in
Louisiana, and materially differed from the common or English law,
which was the law of authority in Mississippi. Very few lawyers coming
from the common-law States, have ever been able to succeed in
Louisiana, especially after having practised in other States for any
length of time. They have not only to learn the civil law, but to
unlearn the common. Some, who did not know the extraordinary powers of
Prentiss's mind, feared he, like many others who had made the attempt,
would fail; but, almost from the moment of his advent at the New
Orleans bar, his success was complete. To realize the expectations of
the public, required abilities and attainments of the highest order.
Fame had heralded his name and powers to every one: all had and did
expect from him more than from any other man, and none were
disappointed. From this time forward he
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