Studies in securities

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Monograph

Identifikator:: 1757542078

URN:: urn:nbn:de:zbw-retromon-134903

Document type:: Monograph

Title:: Studies in securities

Edition:: Revised

Place of publication:: New York

Publisher:: Jas. J. Oliphant & Co.

Year of publication:: 1927

Scope:: 81 S.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Southern Ry.

Collection:: Economics Books

60 Benjamin Franklin [1760 for causes, some of which are in our case impossible, and others it is impious to suppose possible. The Romans well understood that policy, which teaches the security arising to the chief government from separate States among the governed, when they restored the liberties of the States of Greece (op- pressed but united under Macedon) by an edict that every State should live under its own laws.* They did not even name a governor. Independence of each other and separate interests (though among a people united by common manners, language, and I may say religion; inferior neither in wisdom, brav- ery, nor their love of liberty to the Romans them- selves) were all the security the sovereigns wished for their sovereignty. It is true, they did not call themselves sovereigns: they set no value on the title; they were contented with possessing the thing. And possess it they did, even without a standing army. What can be a stronger proof of the security of their possession? And yet, by a policy similar to this throughout, was the Roman world subdued and held, a world com- posed of above a hundred languages and sets of man- ners, different from those of their masters.” Yet 1 “Omnes Graecorum civitates, que in Europd, quaque in Asia essent, libertatem ac suas leges haberent,” etc.—Liv., lib. xxzxiii., cap. 30. 2 When the Romans had subdued Macedon and Illyricum, they were both formed into republics by a decree of the Senate, and Macedon was thought safe from the danger of a revolution, by being divided into a division common among the Romans, as we learn from the tetrarchs in Scripture. ‘Omnium primum liberos esse placebat Macedonas atque Illyrios; ut omnibus gentibus appareret, arma populi Romani non liberis servitutem, sed contra servientibus libertatem afferre; ut

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