Analytically and philosophically considered, government exists for the general good of all the governed, in which individual rights and privileges can find freedom and justice without conflict.
This passage articulates the purpose of government as serving the general good of all.
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To do so carries no conviction nor prophetic knowledge of what must be next, as a necessary sequence.
Production lies at the basis of all progress.
That kind of money which has elasticity, that will be plenty when business is active, and that can be readily put to other use for profit when business is less demanding, is the kind the prosperity of a country demands.
And this is no more true of the pauper laborers of Europe and the slave laborers of Asia than it is of the free labor of America.