Total ruin I know will follow loss, and I am aware that gain is doubtful; but I am quite cheerful. So long as I can be active, so long as I can strive, so long, in short, as my hands are not tied, it is impossible for me to be depressed. One year--nay, but six months--of the reign of the olive, and I am safe; for, as you say, peace will give an impulse to commerce. In this you are right; but as to the restored tranquillity of the neighbourhood, as to the permanent good effect of your charitable fund, I doubt. Eleemosynary relief never yet tranquillized the working-classes--it never made them grateful; it is not in human nature that it should. I suppose, were all things ordered aright, they ought not to be in a position to need that humiliating relief; and this they feel. We should feel it were we so placed. Besides, to whom should they be grateful? To you, to the clergy perhaps, but not to us mill-owners. They hate us worse than ever. 
I am aware that gain is doubtful; but I am quite cheerful. So long as I can be active, it is impossible for me to be depressed. As you say, peace will give an impulse to commerce; but as to the permanent good effect of your charitable fund, I doubt. Relief never yet made the working-classes grateful; it is not in human nature that it should. They ought not to be in a position to need that humiliating relief; and this they feel. They hate us mill-owners worse than ever. 