Panic (n.) when credit collapses into a cry for hard cash heaps theoretical fright on practical terror, and dealers shudder before the mystery of their own economic relations.
Panic (n.) was the only punishment the men of order received from the victorious workers — the ghosts of their own victims rose before them.
Panic (n.) is when a man no longer cares what he loses on his notes or bills; he makes himself safe and lets the rest of the world do as it pleases.
Panic (n.) is the moment when the man with money in his pocket is the man for Rothschild: 'Avez-vous de l'argent sur vous? — Alors vous êtes mon homme!'
Panic (n.) is a steeplechase for banknotes: no one knows whether the next man can pay, so each hoards all he can, and notes vanish the very day they are most needed.
Panic (n.) is not an absence of money: there is money, but everyone takes good care not to let it become loanable, holding it for his own payments.