Source: 1860s, First State of the Union address (1861)
Context: Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation.
“It is a self-evident truth that in a healthy community there is no place for the vicious, the weak of body, the shiftless, or the improvident. As Professor Sumner, of Yale, asserts in his book. The Forgotten Man, 'Every part of capital which is wasted on the vicious, the idle, and the shiftless, is so much taken from the capital available to reward the independent and productive laborer.”
1920s, Whose Country Is This? (1921)
Help us to complete the source, original and additional information
Calvin Coolidge 412
American politician, 30th president of the United States (i… 1872–1933Related quotes
"The Organization of Labor," http://ebooks.library.cornell.edu/cgi/t/text/pageviewer-idx?c=nora;cc=nora;g=moagrp;xc=1;q1=The%20Organization%20of%20Labor;rgn=full%20text;cite1=Powderly;cite1restrict=author;view=image;seq=0122;idno=nora0135-2;node=nora0135-2%3A2 North American Review, vol. 135, no. 2, whole no. 309 (Aug. 1882), pp. 118–9.
Speech (2 April 1824); reported in Edward Everett, ed., The Works of Daniel Webster (1851), volume iii, page 141
Source: How Europe Underdeveloped Africa (1972), p. 19.
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Three