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Updated: May 8, 2025
Another is for a few people of means to subsidize a magazine for the exhaustive criticism of contemporary work for a few years. There is so much room for endowments nowadays that where one can get at the purse of the general public one should certainly prefer it to that of the generous but overtaxed donor.
Why push railroads in advance of settlement? Why build railroads when there were no terminals, and terminals when there were no steamships? Why subsidize steamships, when there were no markets? Was it not more natural to trade with neighbors a handshake across the way than with strange nations across the ocean?
I got a letter this morning from some man some poet I guess he is who said that I should leave my money to subsidize struggling poets, who had a great message to give the world, but who had to work so hard making a livin' that they didn't git no chance to give the message. I'm afraid I got kind of mixed up I could think of nothin' but etherize.
However, I was able to subsidize and reason with enough of their leaders to persuade them that their livelihood and very existence rested on a basis of private property and that their great danger came not from each other, but from the advocates of socialism.
Apart from the strange assumption that England would subsidize Prussia and also give up Hanover, the manner in which the armed mediation was to be offered left several loopholes for escape. After the surrender of Ulm, speedy and vigorous action was needed to restore the balance; yet a month's delay was bargained for.
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