On the record
In Beaufort, as at Hilton Head, there are wonderful efforts to create a flame of speculation; but capital is timid, and looks sharply to the guarantees of title deeds.
Said by
Whitelaw Reid
Source
gutenberg.orgWhitelaw Reid: “In Beaufort, as at Hilton Head, there are wonderful efforts to create a flame of speculation; but capital is timid, and…”
Editor's note · Context
Reid notes the cautious nature of capital investment in the post-war economy, highlighting the importance of secure property rights.
Share
More from Whitelaw Reid
But, in the main, they are surprisingly orderly, and cases of serious violence among them are quite rare.
Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that security when they risked their money on it.
These Southern Rebels have their fate in their own keeping, and they are nursing their wrath to keep it warm.
They appeared at times when public men often seemed to be groping in the dark on an unknown road, but it is now evident that the road which has been taken is substantially the road they marked out.