Andrew Dickson White: Timing

Andrew Dickson White was American politician. Explore interesting quotes on timing.

Andrew Dickson White: 74 quotes0 likes

“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

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.

“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.”

Andrew Dickson White

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.

“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.”

Andrew Dickson White

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.

“Against all these assertions Grotius published to the world a demonstration that no such rights could exist. His whole argument was mainly a development of two postulates. The first of these was that the right of nations to communicate with one another had been universally recognized; that it was based on a fundamental law of humanity; that the liberty of the sea being necessary to enable nations to communicate with one another, it could not be taken away by any power whatever. The second was that every attempt to make an ocean highway a monopoly of any single nation is forbidden by the immensity of the sea, its lack of stability, its want of fixed limits. This argument in places seemed thin. The book [Mare Liberum], after the custom of the time, was filled with an array—far more than sufficient—of learned citations; but its most significant feature—that which went to make it the herald of a new epoch—was that it took its stand upon the inalienable rights of mankind,—that it mainly deduced these rights neither from revelation nor from national enactments, but from natural law as ascertained by human reason.”

Andrew Dickson White

Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 61

Andrew Dickson White

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

“The British representative was an ambassador, and had a spacious, suitable, and well-furnished house in which he could entertain fitly and largely, and to which the highest Russian officials thought it an honor to be invited. The American representatives were simply ministers; from time immemorial had never had such a house; had generally no adequate place for entertaining; had to live in apartments such as they might happen to find vacant in various parts of the town—sometimes in very poor quarters, sometimes in better; were obliged to furnish them at their own expense; had, therefore, never been able to obtain a tithe of that social influence, so powerful in Russia, which was exercised by the British Embassy.”

Andrew Dickson White

Source: Autobiography of Andrew Dickson White, Vol. 2 (1922), p. 19

“My purpose in writing these essays has been to acquaint men who are interested in the bearings of modern history on public life with sundry statesmen whose time was devoted not to seeking office or to winning a brief popular fame by chicanery or pettifoggery, but to serving the great interests of modern states and, indeed, of universal humanity. I would present these statesmen and their work as especially worthy to be studied by those who aspire to serve their country in any way.”

Andrew Dickson White

Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. ix

“His [Turgot's] first important literary and scholastic effort was a treatise On the Existence of God. Few fragments of it remain, but we are helped to understand him when we learn that he asserted, and to the end of his life maintained, his belief in an Almighty Creator and Upholder of the Universe. It did, indeed, at a later period suit the purposes of his enemies, exasperated by his tolerant spirit and his reforming plans, to proclaim him an atheist; but that sort of charge has been the commonest of missiles against troublesome thinkers in all times.”

Andrew Dickson White

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 <br class="br">Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 167-168

“He [Turgot] now, in 1749, at the age of twenty two, wrote… a letter which has been an object of wonder among political thinkers ever since. Its subject was paper money. Discussing the ideas of John Law, and especially the essay of Terrasson which had supported them, he dissected them mercilessly, but in a way useful not only in those times but in these. …Terrasson's arguments in behalf of unlimited issues of paper had been put forth in 1720. …and he declared that the material used for bearing the sign of value is indifferent …and that if a sovereign issues enough of paper promises, he will be able to loan or even to give money in unlimited amounts to his needy subjects. …without danger of depreciation. …Terrasson also made the distinction between the note of a business man and notes issued by a government, that the former comes back and must be paid, but that the latter need not come back and can be kept afloat forever by simple governmental command, thus becoming that blessed thing—worshiped widely, not many years since, in our own country—"fiat money."”

Andrew Dickson White

Source: Seven Great Statesmen in the Warfare of Humanity with Unreason (1915), p. 168-169