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It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Adam Smith
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The transfer of three shillings and sixpence a day to every labourer would not increase the quantity of meat in the country. There is not at present enough for all to have a decent share. What would then be the consequence?
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Our country - whether bounded by the St. John's and the Sabine, or however otherwise bounded or described, and be the measurements more or less; - still our country, to be cherished in all our hearts, and to be defended by all our hands.
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As to war, I am and always was a great enemy, at the same time a warrior the greater part of my life and were I young again, should still be a warrior while ever this country should be invaded and I lived.
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Some of us claim that New York City is the capital of the country, indeed the capital of the world. Now, that may be a bit much for those who don't come from New York, but clearly we are an important city for reasons of our cultural advantages.
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