Investing · Western classics

Adam Smith:The Wealth of Nations, Book V, Chapter II, Paragraph 1875

Adam Smith《The Wealth of Nations》· Book V, Chapter II · Investing

The post-office is properly a mercantile project. The government advances the expense of establishing the different offices, and of buying or hiring the necessary horses or carriages, and is repaid, with a large profit, by the duties upon what is carried. It is, perhaps, the only mercantile project which has been successfully managed by, I believe, every sort of government. The capital to be advanced is not very considerable. There is no mystery in the business. The returns are not only certain but immediate.

Source: https://www.gutenberg.org/ebooks/3300
Locator:Book V, Chapter II, paragraph 1875 · Verified:2026-10-19 · Verification:Exact match

This is a direct reading: the original and source are kept; commentary will be added later.

Today's question

Does this passage change one judgment about money or risk today?

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