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Updated: May 7, 2025
During the American Revolution he conceived the project of secretly negotiating with the Revolutionists for the re-transfer of Canada to the French.
But both in making the transfer of the funds which are first necessary to pay the duties and collect the surplus and in making the re-transfer which becomes necessary when the time arrives for the distribution of that surplus there is a considerable period when the funds can not be brought into use, and it is manifest that, besides the loss inevitable from such an operation, its tendency is to produce fluctuations in the business of the country, which are always productive of speculation and detrimental to the interests of regular trade.
Brander might have intended later on to re-transfer the shares to some bogus purchaser, but at any rate, if he knew your father was in bad health he would have wanted to keep the bank from putting up its shutters until after his death. You will remark that he did assist in that way, while your father was alive, and that almost immediately after his death, he declined to support the bank farther.
But both in making the transfer of the funds which are first necessary to pay the duties and collect the surplus and in making the re-transfer which becomes necessary when the time arrives for the distribution of that surplus there is a considerable period when the funds can not be brought into use, and it is manifest that, besides the loss inevitable from such an operation, its tendency is to produce fluctuations in the business of the country, which are always productive of speculation and detrimental to the interests of regular trade.
In truth, we are engaged in a duel which began thirty years ago, gave the Germans such booty as Heligoland, their world-trade, their wealth, their formidable navy, their Baghdad Railway, their various overseas colonies, their European Allies, and the enormous resources with which when this acute phase of the contest is over they will re-transfer the venue to the economic and political domains and carry on the struggle with greater vigour than before.
That is the first transfer of manhood in money. It is going on all the time. It is necessarily so, for so we get our food, and clothing, and home. Then there is the re-transfer of this money into some other form. As we choose to use this money, so we are re-transferring ourselves into what forms we will. The money is the transition state of ourselves.
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