A new danger now beset him [Grotius],—the danger of becoming simply a venal pleader, a creature who grinds out arguments on this or that side, for th… - Andrew Dickson White

Refusing to heed his argument the French people had again to be punished more severely than in John Law's time: the over-issue of assignats and mandats during the Revolution came forty years after his warning; and paper money inflation was again paid for by widespread bankruptcy and ruin.

The theologians who took up the work which the first reformers had laid down soon came to consider intolerance as a main evidence of spiritual life: erelong they were using all their powers in crushing every germ of new thought. Their theory was simply that the world had now reached its climax; that the religion of Luther was the final word of God to man; that everything depended upon keeping it absolutely pure; that men might comment upon it in hundreds of pulpits and lecture rooms and in thousands of volumes;—but change it in the slightest particle—never. And in order that it might never be changed it was petrified into rituals and creeds and catechisms and statements, and, above all, in 1579, into the "Formula of Concord," which, as more than one thoughtful man has since declared, turned out to be a "formula of discord."

Never was there a more perfect demonstration of the truth asserted by Daniel Webster, that, of all contrivances for defrauding the working people of a country, arbitrary issues of paper money are the most effective.