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There is every indication that we are to see new developments of the power of aggregated capital to serve civilization, and that the new developments will be made right here in America.
William Graham Sumner
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Then, again, the ability to organize and conduct industrial, commercial, or financial enterprises is rare; the great captains of industry are as rare as great generals.
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The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.
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The great hinderance to the development of this continent has lain in the lack of capital.
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The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which we live.
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The aggregation of large fortunes is not at all a thing to be regretted.
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One thing must be granted to the rich: they are goodnatured.
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Moreover, there is an unearned increment on capital and on labor, due to the presence, around the capitalist and the laborer, of a great, industrious, and prosperous society.
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Men of routine or men who can do what they are told are not hard to find; but men who can think and plan and tell the routine men what to do are very rare.
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Men never cling to their dreams with such tenacity as at the moment when they are losing faith in them, and know it, but do not dare yet to confess it to themselves.
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