The sort of taxation tried in America, that of taxing everything, and seeing what every thing would yield, could not have been tried under a Government delicately and quickly sensitive to public opinion.
Bagehot critiques the American taxation system in relation to public opinion and governance.
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The Parliament, the laws, the press were human institutions; but the Monarchy was a Divine institution.
There is no ELASTIC element, everything is rigid, specified, dated.
But, above all things, they were frightened of 'the world;' the spectacle of nature filled them with awe and dread.
They are above corruption because they are the corruptors.
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