Thursday, March 28, 2024 Text is available under the CC BY-SA 3.0 licence.

David L. Webster

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A patent is a legal analog of sticky fly paper: it attracts some of the lowest forms of life.
--
in his autobiography, as quoted by Peter Louis Galison, Bruce William Hevly (1992). Big science: the growth of large-scale research. Stanford University Press. p. 55. ISBN 0804718792. 

 
David L. Webster

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To the existence of banks of discount for cash... there can be no objection, because there can be no danger of abuse, and they are a convenience both to merchants and individuals. I think they should even be encouraged, by allowing them a larger than legal interest on short discounts, and tapering thence, in proportion as the term of discount is lengthened, down to legal interest on those of a year or more. Even banks of deposit, where cash should be lodged, and a paper acknowledgment taken out as its representative, entitled to a return of the cash on demand, would be convenient for remittances, travelling persons, etc. But, liable as its cash would be to be pilfered and robbed, and its paper to be fraudulently re-issued, or issued without deposit, it would require skilful and strict regulation.

 
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