On the record
This begot a spirit of speculation involving an extravagance and luxury not required for the happiness or prosperity of a people, and involving, both directly and indirectly, foreign indebtedness.
Source
gutenberg.orgEditor's note · Context
Grant warns that speculation and luxury can lead to unnecessary foreign indebtedness.
Share
More from Ulysses S. Grant
The hospital arrangements and medical attendance were so perfect, however, that the loss of life was much less than might have been expected.
Texas and the territory brought into the Union in consequence of annexation, were purchased with both blood and treasure; and Texas, with a domain greater than that of any European state except Russia, was permitted to retain as state…
This implies a return to a specie basis, and no substitute for it can be devised.
There is no class of Government employees who are harder worked than the Army--officers and men; none who perform their tasks more cheerfully and efficiently and under circumstances of greater privations and hardships.
Other voices in this conversation
