The Past, the Present, And the Future

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She abounds in the raw material of wealth, and she expels the wealth and the labour required to bring it into activity.
Passing further south, as men become more scattered, and cultivate poorer soils, land is less divided, and the facility of investment is diminished : and therewith we find freedom of trade gradually decreasing, and States becoming bankers, with the usual results of great instability, enormous loss to the owner of the bank, and ruin to those who trade with it. Pass- ing west, w
...e find on the outer edge of civilization the least freedom and the worst machinery of exchange. The State of Missouri can have but one bank, and that bank will not fur- nish more than a given quantity of circulation, be the increase of population and trade what it may. It would have been quite as judicious in the framers of the constitution had they determined that but one railroad should ever exist in the state, and that that road should never have more than a cer- tain number ,of engines and cars.

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