"
The fiscal crisis that was now impending over Michigan, it was evident
was in the process of advance; but it was not possible to tell when it
would fall, nor with what severity. All had been
over-speculating--over-trading--over-banking, overdoing everything, in
short, that prudence should dictate. But the public were _in_ for it,
and could not, it seems, back out, and every one hoped for the best. My
best friends, the most cautious guides of my youth, had entered into the
speculating mania, and there appeared to be, in fact, nobody of means or
standing, who had been proof against the temptation of getting rich
soon. I "immured" myself far away from the scene of turmoil and strife,
and was happy so long as I kept my eyes on my books and manuscripts.
_Feb. 8th_. The mission recently established by the Presbyterian Board
at Grand Traverse Bay, flourishes as well as it is reasonable to expect.
Mr. Johnston writes: "The chief Kosa, and another Indian, have cut logs
sufficient for their houses.
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