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.
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We are all washed under, and the most of us only live peaceable lives by the sufferance of our Rebel neighbors.
And next, shall we not probably fare best in the end if we try to profit somewhat by the experience others have had in like cases?
I never saw hands more cheerful or contented than some managed on this last plan were.
Suppose it to be merely a war in defense of our own just rights and interests.