capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.

The assertion of failure coming from such persons does not mean that Mr. Mill failed to promote the practical success of those objects the advocacy of which forms the chief feature of his political writings.

A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.

Courage calls to courage everywhere, and its voice cannot be denied.

If, however, the success of a politician is to be measured by the degree in which he is able personally to influence the course of politics, and attach to himself a school of political thought, then Mr. Mill, in the best meaning of the words, has succeeded.

I can honestly say that if I was told at this moment that I was dying, not my first, not my second, but certainly my third thought would be that I should never see Italy again.

There are many excuses for the person who made the mistake of confounding money and wealth. Like many others they mistook the sign for the thing signified.