“This country has achieved its commercial and financial supremacy under a regime of private ownership. It conquered the wilderness, built our railroads, our factories, our public utilities, gave us the telegraph, the telephone, the electric light, the automobile, the airplane, the radio and a higher standard of living for all the people than obtains anywhere else in the world. No great invention ever came from a government-owned industry.”
Quote by George B. Cortelyou
Author
George B. Cortelyou
George B. Cortelyou was a former United States Secretary of the Treasury. He was born on July 26, 1862, and passed away on October 23, 1940. Cortelyou had extensive experience in the field of finance and held several important positions in the United States Treasury Department. more
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