The author's judgements seem well balanced, though perhaps he is oversanguine
in believing that the Treaty of Vervins  "ended Spanish meddling" in France (204).
had a high sense of honour, but was venturesome and oversanguine
, and when once his mind was set on anything, he was not to be turned from it, nor was he given to counting consequences." (8) The truth is that James Butler Clough failed in the cotton business at least three times and was driven to formal bankruptcy in 1826, during Clough's formative years.
154) also cites the combination of heavy farm debt and low commodity prices, along with railroad bankruptcies that were "due to oversanguine
estimates of the future and reckless financing of the wildest sort" as contributors to the banking panic.