"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