Is this well, think you, or likely to elevate the
character of the governors or the governed, among you?'
"The answer is invariably the same: 'There's freedom of opinion
here, you know. Every man thinks for himself, and we are not to be
easily overreached. That's how our people come to be suspicious.'
"Another prominent feature is the love of 'smart' dealing: which
gilds over many a swindle and gross breach of trust; many a
defalcation, public and private; and enables many a knave to hold
his head up with the best, who well deserves a halter: though it
has not been without its retributive operation, for this smartness
has done more in a few years to impair the public credit, and to
cripple the public resources, than dull honesty, however rash, could
have effected in a century. The merits of a broken speculation, or
a bankruptcy, or of a successful scoundrel, are not gauged by its or
his observance of the golden rule, 'Do as you would be done by', but
are considered with reference to their smartness. I recollect, on
both occasions of our passing that ill-fated Cairo on the
Mississippi, remarking on the bad effects such gross deceits must
have when they exploded, in generating a want of confidence abroad,
and discouraging foreign investment: but I was given to understand
that this was a very smart scheme by which a deal of money had been
made: and that its smartest feature was, that they forgot these
things abroad, in a very short time, and speculated again, as freely
as ever.
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