Quote#Time
Suppose that a cask of new wine, which cost £50, is put into a…
Quote byJohn Ramsay McCulloch · 1789–1864
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: The principles of political economy, 1825, p. 313; About the question to consider profit or interest.
English (original)
Suppose that a cask of new wine, which cost £50, is put into a cellar, and that, at the end of twelve months, it is worth £55, the question is: Should the £5 of additional value, given to the wine, be considered as a compensation for the time the £50 worth of capital has been locked up, or should it be considered as the value of additional labour actually laid out in the wine?
— John Ramsay McCulloch
You may also like
Smuggling is a crime, which occupies so prominent a place in the criminal legislation of all modem states, is wholly the result of vicious commercial and financial legislation
The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher.
I look'd far back into the past, and lo! in bright array, I saw, as in a dream, the forms of ages pass'd away. It was a stately convent, with its old and lofty walls, And gardens with their broad green walks, where soft the footstep falls.
On the morning of January 11th, 1860, I passed, for the eighth time, through the Golden Gate... As the shores of California faded in the distance, and the summits of the Coast Range sank under the blue horizon, I bade farewell — yes, I do …
Tho’ sickness yet a while forbears, Yet time destroys what sickness spares; Now Helen lives alone in fame And Cleopatra's but a name; Time must indent that heav'nly brow, And thou must be what they are now.
Your most beautiful bride who with garlands is crown'd And kills with each glance as she treads on the ground... Though now she be pleasant and sweet to the sense, Will be damnable mouldy a hundred years hence.