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Venice: A New History QUOTES

Venice: A New History QUOTES

1 " Without deposit banking modern economies would be impossible. Banks are not only a means of safeguarding money, but also a method of maintaining a constant and energetic flow of capital within a complex economy. Without deposit banking money that is saved is hidden away and removed from the economy—it does nothing except preserve its original worth. Deposit banking, however, allows saved money to be loaned and invested, thereby producing more wealth. "

― Thomas F. Madden , Venice: A New History

2 " Once did She hold the gorgeous East in fee; And was the safeguard of the West: the worth Of Venice did not fall below her birth, Venice, the eldest Child of Liberty. She was a maiden City, bright and free; No guile seduced, no force could violate; And, when She took unto herself a Mate, She must espouse the everlasting Sea. "

― Thomas F. Madden , Venice: A New History