The death of the Emperor Alexander has made a great change in the state of Europe. It has happily deprived the Holy Alliance of its leader, but, on the other hand, we must expect hostile preparations and a serious interruption of that general tranquillity which has prevailed for the last ten years.
The last failures of town and country banks, the melancholy effect of over-trading and speculation, and of a bad banking system, form a strange exception to our general prosperity. I hope you have not suffered from this calamity, the effect of which has been so widely extended.
