[The Promise Of American Life by Herbert David Croly]@TWC D-Link book
The Promise Of American Life

CHAPTER II
48/56

Their political salvation was secure.

They had placed it, as it were, in a good sound bank.

It would be sure to draw interest provided the bank were conservatively managed--that is, provided it were managed by loyal Republicans.

There was no room or need for any increase in the fund, because it already satisfied every reasonable purpose.

But it must not be diminished; and it must not be exposed to any risk of diminution by hazardous speculative investments.
During the next fifty years, the American democracy accepted almost literally this Jeffersonian tradition.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books