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no wan. Ye're th' boy in this imergency, Hinnissy. Th' other mornin' I was readin' th' pa-apers about th' panic in Wall Sthreet an' though I've niver seen annything all me life but wan continyal panic I felt low in me mind ontil I looked up an' see ye go by with ye'er shovel on ye'er shouldher an' me heart leaped up. I wanted to rush to th' tillygraft office and wire me frind J. Pierpont Morgan: 'Don't be downcast. It's all right. I just see Hinnissy go by with his shovel.'

"No, sir, ye can bet it ain't th' people that have no money that causes panics. Panics are th' result iv too manny people havin' money. Th' top iv good times is hard times and th' bottom iv hard times is good times. Whin I see wan man with a shovel on his shouldher dodgin' eight thousand autymobills I begin to think 'tis time to put me money in me boot."

"'Tis hard f'r me to undherstand what's goin' on," said Mr. Hennessy. "What does it all mean?"

"'Tis something ye wudden't be ixpected to know, said Mr. Dooley. 'Tis what is known as credit. I'll explain it to ye. F'r the sake iv argymint well say ye're a shoemaker. Oh, 'tis on'y f'r th' sake iv argymint. Iverywan knows that a burly fellow like you wudden't be at anny employmint as light an' effiminate as makin' shoes. But supposin' fr th' sake iv argymint ye're a shoemaker. Ye get two dollars a day f'r makin' forty dollars' worth iv shoes. Ye take part of ye'er ill-gotten gains an' leave it with me f'r dhrink. Afther awhile, I take th' money over to th' shoe store an' buy wan iv th' pairs iv shoes ye made. Th' fellow at th' shoe store puts th' money in a bank owned be ye'er boss. Ye'er boss sees ye're dhrinkin' a good deal an' be th' look iv things th' distillery business ought to improve. So he lends th' money to a distiller. Wan day th' banker obsarves that ye've taken th' pledge, an' havin' fears f'r th' distilling business, he gets his money back. I owe th' distiller money an' he comes to me. I have paid out me money f'r th' shoes an' th' shoe-store man has put it in th' bank. He goes over to th' bank to get it out an' has his fingers cut off in a window. An' there ye are. That's credit.

"I niver knew befure how little it depinded on. There's Grogan th' banker. He's a great man. Look at his bank. It looks as though an earthquake wudden't flutter it. It's a cross between an armory an' a jail. It frowns down upon th' sthreet. An' Grogan. He looks as solid as though th' columns iv th' building was quarried out iv him. See him with his goold watch chain clankin' again th' pearl buttons iv his vest. He niver give me much more thin a nod out iv th' north-east corner iv his left eyebrow, but he was always very kind an' polite to Mulligan, th' little tailor. Except that I thought he had a feelin' iv respect f'r me an' none at all f'r Mulligan. Th' other mornin' I see him standin' on a corner near th' bank as Mulligan dashed by with a copy iv his fav'rite journal in wan hand an' a pass book in th' other. 'That man is a coward,' says Mulligan. 'Tis th' likes iv him that desthroys public confidence,' says he. 'He must've been brave at wan peeryod iv his life,' says I. 'Whin was that?' says he. 'Whin he put th' money in,' says I. 'It's th' likes iv him that makes panics,' says he. 'It's th' likes iv both iv ye,' says I. 'I niver see such team wurruk,' says I. 'That bank is a perfectly solvint institution,' says he. 'It's as sthrong as th' rock of Gibyraltar. I'm goin' over now to close it up,' says he. An' he wint.

"Well, glory be, 'tis no use botherin' our heads about it. Panics an' circuses, as Father Kelly says, are f'r th' amusement iv th' poor. An' a time iv this kind is fine f'r ivrybody who hasn't too much. A little while ago ye niver r-read in th' pa-aper annything about th' fellow that had his money in th' bank anny more thin ye'd read about th' spectators at a prize fight. 'Twas all what th' joynts iv fi-nance were doin'. 'Who's that man with th' plug hat just comin' out iv th' gamblin' joint?' 'That's th' prisidint iv th' Eighth Rational.' 'An' who's that shakin' dice at th' bar?' 'That's th' head iv our greatest thrust comp'ny.' An' so it wint. To-day I read in th' pa-apers an appeal to th' good sense iv Mulligan, th' tailor. It didn't mintion his name, but it might just as well. 'Twas th' same as sayin': 'Now, look here, Mulligan, me brave fellow. 'Tis up to you to settle this whole matther. It's got beyond us and we rely on ye not to dump us. We lost our heads but a man iv ye'er carackter can't afford to do annything rash or on-thinkin' like a lot iv excitable fi-nanceers. Ye must get undher th' situation at wanst. We appeal to th' good common sense th' pathritism, th' honor, th' manly courage an' th' ca-mness in th' face iv great danger iv Timothy Mulligan to pull us out iv th' hole. Regards to Mrs. Mulligan an' all th' little wans. Don't answer in person (signed) Jawn D. Rockyfellar.'

"An' iv coorse Mulligan'll do it. Mulligan caused th' throuble be havin' money in th' first place an' takin' it out in th' second place. Mulligan will settle it all be carryin' his money back to th' bank where money belongs. Don't get excited about it, Hinnissy, me boy. Cheer up. 'Twill be all right tomorrah, or th' next day, or some time. 'Tis wan good thing about this here wurruld, that nawthin' lasts long enough to hurt. I have been through manny a panic. I cud handle wan as well as Morgan. Panics cause thimsilves an' take care iv thimsilves. Who do I blame for this wan? Grogan blamed Rosenfelt yesterday; to-day he blames Mulligan; to-morrah he won't blame anny wan an' thin th' panic will be over. I blame no wan, an' I blame ivry wan. All I say to ye is, be brave, be ca'm an' go on shovellin'. So long as there's a Hinnissy in th' wurruld, an' he has a shovel, an' there's something f'r him to shovel, we'll be all right, or pretty near all right.

"Don't ye think Rosenfelt has shaken public confidence?" asked Mr. Hennessy.

"Shaken it," said Mr. Dooley; "I think he give it a good kick just as it jumped off th' roof."

OCEAN TRAVEL

"I see this here new steamboat has broke all records. It come acrost th' Atlantic Ocean in four days. Passengers that got aboord at Liverpool on Saturday were in New York Friday afthernoon."

"But that's more thin four days."

"Not be nautical time, said Mr. Dooley. Ye mustn't figure it out th' way ye do on land. On land ye niver read that 'Th' Thunderbolt limited has broken all records be thravellin' fr'm New York (Harrisburg) to Chicago (Fort Wayne) in eight hours.' But with a steamboat 'tis different. Ye saw a lot iv time off ayether end an' what's left is th' v'yage. 'Th' Conyard line's gr-reat ocean greyhound or levithin iv th' seas has broken all records iv transatlantic passages except thim made be th' Germans. She has thravelled fr'm Liverpool (a rock so far off th' coast iv Ireland that I niver see it) to New York (Sandy Hook lightship) in four or five days. Brittanya again rules th' waves.' So if ye've anny frinds inclined to boast about makin' a record ask thim did they swim aboord at Daunt's Rock an' swim off at th' lightship. If they didn't, refuse to take off ye'er hat to thim. To tell how long it takes to cross th' Atlantic compute th' elapsed time fr'm boordin' house to boordin' house. It's fr'm a week to ten days depindin on th' time ye go to bed whin ye come home. Manny a man that come over on a five-day boat has had th' divvle iv a time explainin' to his wife what he did with th' other two days. No record iv thransatlantic thravel takes into account th' longest, roughest an' most dangerous part iv th' passage, which is through th' New York custom house.

"But 'tis wondherful annyhow. 'Tis wondherful that a man shud cross th' Atlantic ocean annyhow an' 'tis enough to make ye dizzy to think iv him crossin' it in an iron boat that looks like a row iv office buildings. Th' grand times they must've had. Time was whin a man got on a boat an' was lost f'r a week or ten days. Now, be hivens, through th' wondhers iv modhern science he's hardly settled down to a cigar an' a game iv pinochle with another fugitive that he's just met, whin a messenger boy comes down th' deck on his bicycle an' hands him a tillygram with glad tidings fr'm home. Th' house is burned, th' sheriff has levied on his furniture or th' fam'ly are down with th' whoopin' cough. On th' other hand we know all about what they are doin' on boord th' levithin. Just as ye'er wife is thinkin' iv ye bein' wrecked on a desert island or floatin' on a raft an' signallin' with an undershirt she picks up th' pa-aper an' reads: 'Th' life iv th' ship is Malachi Hinnissy, a wealthy bachelor fr'm Pittsburg. His attintions to a widow from Omaha are most marked. They make a handsome couple.'

"Well, sir, they must 've had th' gloryus time on boord this new boat. In th' old days all ye knew about a ship was that she left Liverpool and landed in New York afther a most disthressin' v'yage. Now ye r-read iv th' gay life aboord her fr'm day to day: 'Th' tie in th' billyard tournymint was played off last night. Th' resthrants are crowded nightly an' great throngs are seen in Main Sthreet undher th' brilliant illuminations. Th' public gardens are in full bloom an' are much frequented be childher rollin' hoops and sailin' boats in th' artificial lake. Th' autymobill speedway gives gr-reat satisfaction. Th' opening day iv th' steeplechase races was a success. Th' ilivator in th' left annex fell thirteen stories Thursday, but no wan was injured. Th' brokerage house iv Conem an' Comp'ny wint into th' hands iv a receiver to-day. Th' failure was due to th' refusal iv th' banks to lend anny more money on hat pools. Th' steeple iv th' Swedenborjan Church is undher repair. Th' _Daily Fog Horn_ has put in three new color presses an' will begin printin' a colored supplement Sunday next.' An' so it goes. It ain't a boat at all. It's a city.

"At laste I thought it was but Hannigan that come over in it says it's a boat. 'Ye must've had a grand time,' says I, 'in this floatin' palace, atin' ye'er fill iv sumchuse food an' gazin' at th' beautifully jooled ladies,' says I. 'Ah,' says I, 'th' wondhers iv science that cud put together a conthrivance th' like iv that,' says I. 'It's a boat,' says he. 'That's th' best I can say about it,' says he. 'Did ye not glide noiselessly through th' wather?' says I? 'I did not,' says he. 'Divvle th' glide. We bumped along pretty fast an' th' injines made noises like injines an' th' ship creaked like anny ship.' 'An' wasn't th' food fine?' 'It depinded on th' weather. There was plenty iv it on good days, an' too much iv it on other days.' 'An' th' beautifully jooled ladies?' 'No wan knew whether th' ladies were beautifully jooled except th' lady that searched thim at th' custom house.

"'Don't ye make a mistake, Dooley,' says he. 'A boat's a boat. That's all it is. Annything ye can get at sea ye can get betther on land. A millyonaire is made as comfortable on an ocean liner as a longshoreman on earth an' ye can play that comparison all th' way down to th' steerage. Whin I read about this here floatin' palace I says to mesilf: I'll add a little money and go acrost in oryental luxury. Whin I got aboord th' decks were crowded with happy people worryin' about their baggage an' wondherin' already whether th' inspector in New York wud get onto th' false bottom iv th' thrunks. I give th' old an' enfeebled English gintleman that carried me satchel a piece iv silver. He touched his cap to me an' says Cue. Cue is th' English f'r I thank ye

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