Word: wisdom
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Dates: during 1900-1909
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...qualities. No combination of all of these qualities is so well shown as in the character of Thomas Jefferson, the greatest constructive statesman in history, who, in comparison with Alexander Hamilton, shows the most striking cast of a conscientious politician who realized and had faith in the strength and wisdom of the people. This faith in our people and in our democratic form of government cannot be over estimated, and it is justified by a comparison between our government and that of Russia. The evidence of the righteousness of our democracy is its universal progress...
...should we so completely lose ourselves in admiration of the Fathers, so glorify their wisdom and courage, by confessing that we are weak and foolish, and by demonstrating our timidity? If the Fathers had lacked the moral courage to consider even the question of the practicability and desirability of framing the Constitution, the Articles of Confederation would have been accepted as a frail bond of union. A tithe of the courage and independence required of them ought to suffice for us in the duty of considering whether there should be any amendment...
...practical wisdom of freeing raw materials, essential to subsequent manufactures, from customs-duties when entering the United States...
...remedy is demanded and is needed. Competition can furnish no relief because there is no chance for competition. Regulation has been tried for the past 15 years and has invariably failed. Municipal ownership is the only remaining alternative, and the experience of European municipalities and our own political wisdom argue for it. It will bring about cheaper and better service for the people, because the system will be operated for the public interest. It will be profitable to the city, because the street railway system is a paying investment. It will improve the city government by removing the chief cause...
...only reasonable that municipal ownership should be beneficial. Political wisdom argues for it. Transportation is a public utility, and it is a fundamental principle of political economy that public utilities should be administered for the public benefit...