On the record
If constructed by private capital the stimulant and the check go together and furnish a salutary restraint against speculative schemes and extravagance.
Source
gutenberg.orgFranklin Pierce: “If constructed by private capital the stimulant and the check go together and furnish a salutary restraint against…”
Editor's note · Context
Pierce argues that private capital can provide both motivation and caution in project execution.
Share
More from Franklin Pierce
The bare statement of the condition in which the United States would be placed, after having surrendered the right to resort to privateers, in the event of war with a belligerent of naval supremacy will show that this Government could…
Though the naval disparity would be less, the greater extent and more exposed condition of our widespread commerce would give any of them a like advantage over us.
Amicable relations between them and reciprocal good will are essential for the promotion of whatever is desirable in their moral, social, and political condition.
The object of that war was to disenthrall the united colonies from foreign rule, which had proved to be oppressive, and to separate them permanently from the mother country.
Other voices in this conversation
