On the record
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.
Said by
Whitelaw Reid
Source
gutenberg.orgWhitelaw Reid: “Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that…”
Editor's note · Context
Reid critiques Spain's failure to uphold its financial commitments while acknowledging the risks lenders took.
Share
More from Whitelaw Reid
It is my firm conviction, that suffrage is not only the best security for freedom, but the most potent agent of amelioration and civilization.
May it not prove, moreover, in that work of reorganization, which now engages the thoughts of all patriotic men, that universal suffrage is the best reconciler of the most comprehensive lenity with the most perfect public security and the…
He who has that right will usually respect himself more, be more respected, perform more, and more productive work, and do more to increase the wealth and welfare of the community, than he who has it not.
They should persist in this claim respectfully, but firmly, taking care to bring no discredit upon it by their own action.