Purchase Quotes (8 quotes)
If the Indians hadn’t spent the $24. In 1626 Peter Minuit, first governor of New Netherland, purchased Manhattan Island from the Indians for about $24. … Assume for simplicity a uniform rate of 7% from 1626 to the present, and suppose that the Indians had put their $24 at [compound] interest at that rate …. What would be the amount now, after 280 years? 24 x (1.07)280 = more than 4,042,000,000.
The latest tax assessment available at the time of writing gives the realty for the borough of Manhattan as $3,820,754,181. This is estimated to be 78% of the actual value, making the actual value a little more than $4,898,400,000.
The amount of the Indians’ money would therefore be more than the present assessed valuation but less than the actual valuation.
The latest tax assessment available at the time of writing gives the realty for the borough of Manhattan as $3,820,754,181. This is estimated to be 78% of the actual value, making the actual value a little more than $4,898,400,000.
The amount of the Indians’ money would therefore be more than the present assessed valuation but less than the actual valuation.
In A Scrap-book of Elementary Mathematics: Notes, Recreations, Essays (1908), 47-48.
As our cities and suburbs relentlessly expand, those priceless open spaces needed for recreation areas accessible to their people are swallowed up—often forever. Unless we preserve these spaces while they are still available, we will have none to preserve. Therefore, I shall propose new financing methods for purchasing open space and parklands now, before they are lost to us.
In State of the Union Address (22 Jan 1970).
Experience is a jewel, and it need be so, for it is often purchased at an infinite rate.
…...
It is not possible for me to purchase intellectual peace at the price of intellectual death.
In 'Address Delivered Before The British Association Assembled at Belfast' (19 Aug 1874), in Fragments of Science for Unscientific People: A Series of Detached Essays, Lectures, and Reviews (1892), Vol. 2, 200.
That the master manufacturer, by dividing the work to be executed into different processes, each requiring different degrees of skill or of force, can purchase precisely the precise quantity of both which is necessary for each process; whereas, if the whole work were executed by one workman, that person must possess sufficient skill to perform the most difficult, and sufficient strength to execute the most laborious, of the operations into which the art is divided.
In 'On the Division of Labour', Economy of Machinery and Manufactures (1st ed., 1832), chap. 18, 127.
The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. In so far as the labor contract is free what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists’ requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.
…...
The rich man, gasping for breath … feels at last the impotence of gold; that death which he dreaded at a distance as an enemy, he now hails when he is near, as a friend; a friend that alone can bring the peace his treasures cannot purchase, and remove the pain his physicians cannot cure.
In Lacon: Or Many Things in Few Words, Addressed to Those who Think (1832), 125. [Part of this quote (after the semicolon) is often seen attributed to Mortimer Collins, who was born in 1827. That date makes it clearly impossible for Collins to be the author of this quote, published in 1832 by Colton.]
We need not join the mad rush to purchase an earthly fallout shelter. God is our eternal fallout shelter.
Quoted in Kim Lim (ed.), 1,001 Pearls of Spiritual Wisdom: Words to Enrich, Inspire, and Guide Your Life (2014), 144
In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion.
(1987) -- 
