Excerpt from Phases of Panics: A Brief Historical Review

The flattering reception which friends and the public have been kind enough to accord to the production of the matter contained in my paper, originally delivered as a lecture, and intended only for publication in this publication in this popular form of presentment, and the continuously-sustained interest and demand on the part of many whom I had not heretofore had the privilege of numbering amongst my friends or acquaintances, all of whom are good enough to express a wish for an extended publication in a more enduring form, for purposes of reference, has led me to yield to their earnest solicitations, and to allow it to appear in its present form.

In consenting to this course, I do so with varying sensations of diffidence and deference. The diffidence arises from the fact, that the material in uncollected form has appeared before the public, from time to time, through the instrumentality of that all-powerful factor, "The Press" - whilst deference is due to the opinions and feelings of those more intimately associated and more closely in touch with the particular incidents and features, which, from sheer necessity for compression. I have been able here only passingly to dilate upon.

It may, perhaps, suffice for the purpose of this work to state, that I have endeavoured to keep strictly within the region of fact and correctness as regards figures quoted, it being no function of the historian to import colourable views of merely personal creation.

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