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Often attributed to Gladstone. During the debate on the budget of 1867, Laing quoted Lord Sydenham's use of the phrase in 1832 to Gladstone, with Gladstone replying: "...when you talk of the "fructification" of money — I accept the term, which is originally due to very high authority — for the public advantage, there is none much more direct and more complete than that which the public derives from money applied to the reduction of debt." The phrase itself occurs earlier, among others: (en) |
