American - Businessman | October 30, 1840 - April 12, 1910
Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.
William Graham Sumner
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The great hinderance to the development of this continent has lain in the lack of capital.
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The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.
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We are to see the development of the country pushed forward at an unprecedented rate by an aggregation of capital, and a systematic application of it under the direction of competent men.
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There ought to be no laws to guarantee property against the folly of its possessors.
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What we prepare for is what we shall get.
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Civil liberty is the status of the man who is guaranteed by law and civil institutions the exclusive employment of all his own powers for his own welfare.
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It is the tendency of the social burdens to crush out the middle class, and to force society into an organization of only two classes, one at each social extreme.
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Men never cling to their dreams with such tenacity as at the moment when they are losing faith in them, and know it, but do not dare yet to confess it to themselves.
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Before the tribunal of nature, a man has no more right to life than a rattlesnake; he has no more right to liberty than any wild beast; his right to the pursuit of happiness is nothing but a license to maintain the struggle for existence, if he can find within himself the powers with which to do it.
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