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" "Whenever any nation entrusts to its legislators the issue of a currency not based on the idea of redemption in standard coin recognized in the commerce of civilized nations, it entrusts to them the power to raise or depress the value of every article in the possession of every citizen.
Andrew Dickson White (November 7, 1832 – November 4, 1918) was an American diplomat, author, and educator who was the co-founder and first president of Cornell University.
Biography information from Wikiquote
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Persons who clamor for governmental control of American railways should visit Germany, and above all Russia, to see how such control results. In Germany its defects are evident enough; people are made to travel in carriages which our main lines would not think of using, and with a lack of conveniences which with us would provoke a revolt; but the most amazing thing about this administration in Russia is to see how, after all this vast expenditure, the whole atmosphere of the country seems to paralyze energy.
There was strong warrant for pretensions... As far back as 1493, Pope Alexander VI had settled disputes between Spain and Portugal arising out of their rivalry in the Orient and the Occident by drawing a line from pole to pole one hundred leagues west of the Azores, giving all west of it to the Spanish, all east of it to the Portuguese. Both these nations attempted more or less persistently to exercise the sway thus given over the oceans as well as over the continent. The Portuguese forbade under heavy penalties any person, whether native or alien, to pass through the waters off the African and Brazilian coasts without special permission; the Spanish were hardly less severe toward those who without leave approached their dependencies. But, though the realization of the earth's rotundity renewed the old difficulty, and Spain and Portugal discovered that the Papal decision was futile, since all their new dominions could be approached both from the east and the west, both nations continued to maintain, as best they could, their sovereignty over the vast oceans. Other nations followed these examples.
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I was... told by a person who had known him [future Emperor Nicholas II] intimately from his childhood, that, though courteous, his main characteristic was an absolute indifference to most persons and things about him, and that he never showed a spark of ambition of any sort. This was confirmed by what I afterward saw of him at court. He seemed to stand about listlessly, speaking in a good-natured way to this or that person when it was easier than not to do so; but on the whole, indifferent to all which went on about him. After his accession to the throne, one of the best judges in Europe, who had many opportunities to observe him closely, said to me, "He knows nothing of his empire or of his people; he never goes out of his house, if he can help it." This explains in some degree the insufficiency of his program for the Peace Conference at The Hague and for the Japanese War, which, as I revise these lines, is bringing fearful disaster and disgrace upon Russia.