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ive glooms our hearts found rest. Such a step had long been in his mind. From Naples when on the threshold of active life, he had written (February 6, 1832):-- I am becoming more and more anxious to realise a competence speedily, every time I look to the future, and reflect on the true objects of life, and the likeliest means of procuring them. I am desirous to be able to realise the projects I have formed before the age of feeling and acting be past, and before the energy of youth has been evaporated by long repression. Life and talents and desires were not given me to be wasted in a situation where the power of doing good is at best very limited, and where that of acquiring the higher kinds of knowledge and enjoying the best gifts of life is still more confined. The nearer prospect of the world of business and actual contact with it made no change in the perpetual refrain. I wonder [he writes, May 15, 1833] how long philosophy or indecision will induce to continue the dog's life I am leading here. I never open a book, but shun them as if they were poison, rise at half-past five o'clock, go to bed at ten, and toil like a galley slave all day, willy, nilly. Man labours for the meat which perisheth, and the food which satisfieth not. The move to the Lakes, though it enriched his lite with many delicious hours, and gave him leisure for thought and composition, yet seems to have led directly to commercial difficulties. At first he spent alternate weeks at Bury and at Wansfell, and for a little time he even removed to Macclesfield. But business fell by insensible degrees into the second place. Mr. Greg's temperament, moreover, was too sanguine in practical affairs, as Cobden's was; and we might almost gather from his writings that he had not that faculty of sustained attention to details which is the pith and marrow of success in such a business as his. At last the crash came in 1850. Three years before this the health of his brother Samuel had broken down, and William Greg added the management of his affairs to his own. The strain was too great, and a long struggle ended in defeat. Both mills were closed, and the forty thousand pounds of capital with which Mr. Greg had begun business were almost entirely swept away. At the age of forty-one he was called upon to begin life afresh. The elasticity of his mind proved equal to all the demands upon it, and they were severe. The
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