A race which cannot save its earnings, which spends all it makes and goes in debt when it is sick, can never rise in the scale of civilization, no matter under what laws it may chance to be.
Douglass argues that financial prudence and the ability to save are essential for a people's advancement and societal progress.
Share
More from Frederick Douglass
The vote of the colored man, formerly beaten down and stamped out by intimidation, is now revived, sought, and defended by powerful allies, and this from no transient sentiment of the moment, but from the permanent laws controlling the…
The nation or people which shall comply with them will rise, and those which violate them will fall, and perhaps will disappear altogether.
In any fair condition of things the men who till the soil will become proprietors of the soil.