New York in the Nineteenth Century a Discourse Delivered Before the New York Hi

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New York in the Nineteenth Century a Discourse Delivered Before the New York Hi
Samuel Osgood
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The first loan was hazardous and the work of patriotism, and when our credit was once committed, the wealth of 42 NEW YOEK tlie city was wholly at tlie service of the nation, and the ideas of New England, and the enthusiasm of the West, marched to victory with the mighty concurrence of the money and the men of the Em pire City and State. The State furnished 473, 443 men, or, when reduced to years of service, 1, 148, 604 years' service ; equal to three years' service of 382, - 868 three years' m...en ; and the city alone furnished 116, 382 men, equal to 267, 551 years' service, at a net cost of $14, 577, 214 65. That our moneyed men meant devoted patriotism, it is not safe to say of them all. In some cases, their capital may have been wiser and truer than the capitalist, and fol- lowed the great current of national life. Capital, like water, whose currents it resembles, has its own laws, and he who owns it cannot change its nature, any more than he who owns a water-power can change the power of the water.

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