It was not the amount of gold, absolutely, that the country was supposed capable of acquiring that thus entered into consideration, but the ability of the country to produce certain quantities of merchandise, which should, in time, be sufficient, above consumption, to balance these promises to pay.
Woodhull emphasizes that a country's productive capacity, rather than just its gold reserves, determines its financial stability.
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They must and will attain their journey’s end.
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.
To begin a work right, is to have it half accomplished; and most powerfully does this apply in the matter of determining who shall be your representatives.
Steam and water have relieved muscle of nearly all its most laborious occupations and increased the capacity of production a thousand fold.