Tuesday, March 3, 2015

An important chapter............................

     Henry Wriston had an opinion about, and an interest in, every issue, from morals to monetary policy.  He was a tight-money man who was aware of the evils of inflation even when there was none.  He decried government hostility to business, but called on businessmen to be business statesmen.  Henry Wriston believed that the "railroad financier [Cornelius Vanderbilt] who many years ago said 'the public be damned' wrote an important chapter in the history of human stupidity."

-Phillip L. Zweig,  Wriston:  Walter Wriston, Citibank, and the Rise and Fall of American Financial Supremacy

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