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Updated: May 4, 2025
Where public education has been so neglected as to render possible such a niggardly, penny-wise and pound-foolish policy, there is manifestly signal need of every means of enlightenment. We now come to the various State libraries founded at the public charge, and designed primarily for the use of the respective legislatures of the States.
Enlightened, far-seeing, all-benefiting selfishness will then take the place of short-sighted, suicidal, penny-wise pound-foolish cunning; and that barricade of hypocrisy, duty, that most fallible of all guides, conscience, and ‘virtue’ and ‘vice,’ those most unscientific and mischievous expressions that have ever crept into the vocabulary of human folly, will be obsolete.”
Experience has given the world the knowledge needed to build bridges of iron which shall in all possible contingencies be safe, and there is no excuse for a penny-wise and pound-foolish policy when it leads to disaster. The crystal peaks of the Andes were behind our explorers: before, were their eastward-stretching spurs and their eastward-falling rivers.
Certainly they did their best to annex themselves to England, and to become loyal subjects of England's Elizabeth. But the Queen, besides other objections to the course proposed by the Provinces, thought that she could do a better thing in the way of mortgages. In this, perhaps, there was something of the penny-wise policy, which sprang from one great defect in her character.
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