Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.
More Quotes from William Graham Sumner:
The forgotten man... He works, he votes, generally he prays, but his chief business in life is to pay.William Graham Sumner
One thing must be granted to the rich: they are goodnatured.
William Graham Sumner
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.
William Graham Sumner
Civil liberty is the status of the man who is guaranteed by law and civil institutions the exclusive employment of all his own powers for his own welfare.
William Graham Sumner
In the New Testament it is taught that willing and voluntary service to others is the highest duty and glory in human life.... The men of talent are constantly forced to serve the rest. They make the discoveries and inventions, order the battles, write the books, and produce the works of art. The benefit and enjoyment go to the whole. There are those who joyfully order their own lives so that they may serve the welfare of mankind.
William Graham Sumner
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.
William Graham Sumner
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Based on Topics: Capital QuotesBased on Keywords: joint-stock, overturned
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