itself and all the best British financial writers held that restriction was a fatal mistake, and that the best treatment of a debased currency was to let it alone, as the Bank had in fact done. Time and patience were the remedies.

The shock of this discovery to his financial principles was serious; much more serious than the shock of the Terebratula and Pteraspis to his principles of geology. A mistake about Evolution was not fatal; a mistake about specie payments would destroy forever the last hope of employment in State Street. Six months of patient labor would be thrown away if he did not publish, and with it his whole scheme of making himself a position as a practical man-of-business. If he did publish, how could he tell virtuous bankers in State Street that moral and absolute principles of abstract truth, such as theirs, had nothing to do with the matter, and that they had better let it alone? Geologists, naturally a humble and helpless class, might not revenge impertinences offered to their science; but capitalists never forgot or forgave.

With labor and caution he made one long article on British Finance in 1816, and another on the Bank Restriction of 1797⁠–⁠1821, and, doing both up in one package, he sent it to the North American for choice. He knew that two heavy, technical, financial studies thus thrown at an editor’s head, would probably return to crush the author; but the audacity of youth is more sympathetic⁠—when successful⁠—than his ignorance. The editor accepted both.

When the post brought his letter, Adams looked at it as though he were a debtor who had begged for an extension. He read it with as much relief as the debtor, if it had brought him the loan. The letter gave the new writer literary rank. Henceforward he had the freedom of the press. These articles, following those on Pocahontas and Lyell, enrolled him on the permanent staff of the North American Review. Precisely what this rank was worth, no one could say; but, for fifty years the North American Review had been the stagecoach which carried literary Bostonians to such distinction as they had achieved. Few writers had ideas which warranted thirty pages of development, but for such as thought they had, the Review alone offered space. An article was a small volume which required at least three months’ work, and was paid, at best, five dollars a page. Not many men even in England or France could write a good thirty-page article, and practically no one in America read them; but a few score of people, mostly in search of items to steal, ran over the pages to extract an idea or a fact, which was a sort of wild game⁠—a bluefish or a teal⁠—worth anywhere from fifty cents to five dollars. Newspaper writers had their eye on quarterly pickings. The circulation of the Review had never exceeded three or four hundred copies, and the Review had never paid its reasonable expenses. Yet it stood at the head of American literary periodicals; it was a source of suggestion to cheaper workers; it reached far into societies that never knew its existence; it was an organ worth playing on; and, in the fancy of Henry Adams, it led, in some indistinct future, to playing on a New York daily newspaper.

With the editor’s letter under his eyes, Adams asked himself what better he could have done. On the whole, considering his helplessness, he thought he had done as well as his neighbors. No one could yet guess which of his contemporaries was most likely to play a part in the great world. A shrewd prophet in Wall Street might perhaps have set a mark on Pierpont Morgan, but hardly on the Rockefellers or William C. Whitney or Whitelaw Reid. No one would have picked out William McKinley or John Hay or Mark Hanna for great statesmen. Boston was ignorant of the careers in store for Alexander Agassiz and Henry Higginson. Phillips Brooks was unknown; Henry James was unheard; Howells was new; Richardson and LaFarge were struggling for a start. Out of any score of names and reputations that should reach beyond the century, the thirty-years-old who were starting in the year 1867 could show none that was so far in advance as to warrant odds in its favor. The army men had for the most part fallen to the ranks. Had Adams foreseen the future exactly as it came, he would have been no wiser, and could have chosen no better path.

Thus it turned out that the last year in England was the pleasantest. He was already old in society, and belonged to the Silurian horizon. The Prince of Wales had come. Mr. Disraeli, Lord Stanley, and the future Lord Salisbury had thrown into the background the memories of Palmerston and Russell. Europe was moving rapidly, and the conduct of England during the American Civil War was the last thing that London liked to recall. The revolution since 1861 was nearly complete, and, for the first time in history, the American felt himself almost as strong as an Englishman. He had thirty years to wait before he should feel himself stronger. Meanwhile even a private secretary could afford to be happy. His old education was finished; his new one was not begun; he still loitered a year, feeling himself near the end of a very long, anxious, tempestuous, successful voyage, with another to follow, and a summer sea between.

He made what use he could of it. In February, 1868, he was back in Rome with his friend Milnes Gaskell. For another season he wandered on horseback over the campagna or on foot through the Rome of the middle ages, and sat once more on the steps of Ara Coeli, as had become with him almost a superstition, like the waters of the fountain of Trevi. Rome was still tragic and solemn as ever, with its medieval

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