A certain man travelled from afar to witness the funeral obsequies of Confucius. He stayed at the house of Tzu-hsia, who observed, " A sage conducting a funeral is one thing : a sage's funeral is another thing. What did you expect to see? Do you not remember that our Master once said, ' Some persons pile up earth into square, others into long-shaped tumuli. Some build spacious mausolea, others content themselves with small axe-shaped heaps. I prefer the heaps.' He meant what we call horse-neck heaps. So we have given him only a few handfuls of earth, and he is buried. Is not this as he would have wished it himself? "
There is only one spelling for panic ; the verb is inflected 'panic, panics, panicked, and panicking’. The form panick is used for progressive tense, past tense and past participle. We don't write panick today, though English speakers from a few hundred years ago might have (in the same way they might have written musick). When the alternate spelling “panick” is used for the past participle: "I panicked last night at the disco." When it’s use for progressive tense: “Invariably, when markets are panicking, they sell the stocks quickly.” It's the rule for root words ending in "c" is that you have to add “k”, so the spelling is related with the pronunciation. If we don't add the <k>, it looks as if the <c> has to be pronounced /s/. If the "k" was not there, “panicing” would look like the word which is supposed to be pronounced as if it is ended in "sing," while “paniced” would be pronounced like “panised”. The same