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In the calm cabinet of the Escorial, Philip and his comendador mayor are laying their heads together, preparing the invasion of England; making arrangements for King Alexander's coronation in that island, and like sensible, farsighted persons as they are even settling the succession to the throne after Alexander's death, instead of carelessly leaving such distant details to chance, or subsequent consideration.
I believe that the more farsighted corporations are themselves coming to recognize the unwisdom of the violent hostility they have displayed during the last few years to regulation and control by the National Government of combinations engaged in interstate business.
Gallop fell to trot, and trot to jog, and jog to walk; and hour by hour, without whip or spur or word, the breaker of desert mustangs drove the wild stallion. If there were cruelty it was in his implacable slow patience, his farsighted purpose.
Which seemed to force him toward certain comparatively newcomers among the wealthy financiers of the metropolis brilliant, masterful, restless men from the West, whose friendship in the beginning he had sought, deeming himself farsighted.
Indeed, it is arguable whether inflation was subdued in America as elsewhere by the farsighted policies of central bankers. A better explanation might be overcapacity both domestic and global wrought by decades of inflation which distorted investment decisions.
In the calm cabinet of the Escorial, Philip and his comendador mayor are laying their heads together, preparing the invasion of England; making arrangements for King Alexander's coronation in that island, and like sensible, farsighted persons as they are even settling the succession to the throne after Alexander's death, instead of carelessly leaving such distant details to chance, or subsequent consideration.
The syllogism, All great statesmen are farsighted, Daniel Webster was a great statesman, Therefore Daniel Webster was farsighted, sounds simple; but two generations have disagreed on the question whether Webster was a great statesman; and both great statesman and farsighted are such vague and inclusive terms that one would either accept a general principle of which they are terms as a harmless truism, or else balk at being asked to grant a proposition which might have unexpected meanings thrust into it.
I believe that the more farsighted corporations are themselves coming to recognize the unwisdom of the violent hostility they have displayed during the last few years to regulation and control by the National Government of combinations engaged in interstate business.
In this connection it should not be forgotten that when France, of her own accord, resolved, for considerations of the most farsighted sagacity, to cede Louisiana to the United States, and that accession was accepted by the United States, the latter expressly engaged that "the inhabitants of the ceded territory shall be incorporated in the Union of the United States and admitted as soon as possible, according to the principles of the Federal Constitution, to the enjoyment of all the rights, advantages, and immunities of citizens of the United States; and in the meantime they shall be maintained and protected in the free enjoyment of their liberty, property, and the religion which they profess;" that is to say, while it remains in a Territorial condition its inhabitants are maintained and protected in the free enjoyment of their liberty and property, with a right then to pass into the condition of States on a footing of perfect equality with the original States.
James J. Hill had for many years been quietly developing the Great Northern Railway. This great system he had financed in an extremely conservative manner; he had extended it through territory where construction costs were low; and he had secured control of branches and feeders which might have come under the sway of the Northern Pacific had that company been more farsighted.
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