When the Republic was organized, Political Economy as understood in the modern sense was in its elementary stage, and indeed could hardly be called a science.
Editor's note · Context
Blaine discusses the early understanding of Political Economy at the formation of the Republic.
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I am in no boastful mood: I shall not do more than I can, but I shall do all I can to save the Government, which is my sworn duty as well as my personal inclination.
It is to the eminent credit of the Republican members of Congress that they stood in a crisis of this magnitude true to principle, firm against all the power and all the patronage of the Administration.
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The wisdom of maintaining that institution was abundantly vindicated by the results of the war.





