Page:John Brown (W. E. B. Du Bois).djvu/58

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JOHN BROWN

fifties, and stimulating irregularly and spasmodically but tremendously the cotton, woolen and iron manufactories; and finally, the three whirlwinds of 1819, 1837–1839, and 1857, marking frightful maladjustments in the mushroom growth of our industrial life.

John Brown, coming to full industrial manhood in the buoyant prosperity of 1825, soon began to sense the new spirit. Alter ten years' work in Pennsylvania, be again removed westward, nearer the projected transportation lines between East and West. He began to invest his surplus in land along the new canal routes, became a director in one of the rapidly multiplying banks and was currently rated to be worth $20,000 in 1835. But his prosperity, like that of his neighbors, and indeed, of the whole country, was partly fictitious, and built on a fast expanding credit which was far outstretching the rapid industrial development. Jackson's blind tinkering with banking precipitated the crisis. The storm broke in 1837. Over six hundred banks failed, ten thousand employees were thrown out of work, money disappeared and juices went down to a specie level. John Brown, his tannery and his land speculations, were sucked into the maelstrom.

The overthrow was no ordinary blow to a man of thirty-seven with eight children, who had already trod the ways of spiritual doubt and unrest. For three or four years he seemed to flounder almost hopelessly, certainly with no settled plan or outlook. He bred race-horses till his conscience troubled