Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 170-171
Context: Turgot's attempt... showed how the results that had followed Law's issues of paper money must follow all such issues. As regards currency inflation, Turgot saw that the issue of paper money beyond the point where it is convertible into coin is the beginning of disaster—that a standard of value must have value, just as a standard of length must have length, or a standard of capacity, capacity, or a standard of weight, weight. He showed that if a larger amount of the circulating medium is issued than is called for by the business of the country, it will begin to be discredited, and that paper, if its issue be not controlled by its relation to some real standard of value, inevitably depreciates no matter what stamp it bears. Turgot developed his argument [on currency inflation] with a depth, strength, clearness, and breadth, which have amazed every dispassionate reader from that day to this. It still remains one of the best presentations of this subject ever made; and what adds to our wonder is that it was not the result of a study of authorities, but was worked out wholly from his own observation and thought. Up to this time there were no authorities and no received doctrine on the subject; there were simply records of financial practice more or less vicious; it was reserved for this young student, in a letter not intended for publication, to lay down for the first time the great law in which the modern world, after all its puzzling and costly experiences, has found safety.
Andrew Dickson White: Quotes about time
Andrew Dickson White was American politician. Explore interesting quotes on time.
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 59
Context: He [Grotius] avoided another danger as serious as his precocity had been. He steered clear of the quicksands of useless scholarship, which had engulfed so many strong men of his time. The zeal of learned men in that period was largely given to knowing things not worth knowing, to discussing things not worth discussing, to proving things not worth proving. Grotius seemed plunging on, with all sails set, into these quicksands; but again his good sense and sober judgment saved him: he decided to bring himself into the current of active life flowing through his land and time, and with this purpose he gave himself to the broad and thorough study of jurisprudence.
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 55-56
Context: Into the very midst of all this welter of evil, at a point in time to all appearance hopeless, at a point in space apparently defenseless, in a nation of which every man, woman, and child was under sentence of death from its sovereign, was born a man who wrought as no other has ever done for a redemption of civilization from the main cause of all that misery; who thought out for Europe the precepts of right reason in international law; who made them heard; who gave a noble change to the course of human affairs; whose thoughts, reasonings, suggestions, and appeals produced an environment in which came an evolution of humanity that still continues. Huig de Groot, afterward known to the world as Hugo Grotius was born at Delft in Holland on Easter day of 1583. It was at the crisis of the struggle between Spain and the Netherlands. That struggle had already continued for twenty years, and just after the close of his first year, in the very town where he was lying in his cradle, came its most fearful event, that which maddened both sides—the assassination of William of Orange, nominally by Balthazar Gerard, really by Philip II of Spain.
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 61
Footnote - The very remarkable speeches of Mr. Garfield, afterward President of the United States, which had so great an influence on the settlement of the inflation question throughout the Union, were on the main lines laid down in Turgot's letter
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 171
Source: Autobiography of Andrew Dickson White, Vol. 2 (1922), p. 19
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. ix
only three fragments of this treatise remain, per Anne-Robert-Jacques Turgot (baron de l'Aulne), The life and writings of Turgot:Comptroller-General of France, 1774-6 http://books.google.com/books?id=DNHrAAAAMAAJ& W. Walker Stephens, editor, Longman, Green and Co. 1895 p. 7
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 167-168
Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 168-169