May 05, 2009
Making crime pay c. 1909

The May 5, 1909 NYT reports:

BATON ROUGE - Elmore Williams...was sentenced in De Soto parish yesterday to one hour in prison for involuntary manslaughter and was taken to the State Penitentiary immediately to serve his term.

Williams made more money in serving his sentence than he had ever made in the days of his life. On his discharge he got the customary $5 in cash, a new suit of clothes, and a pair of shoes.

Posted by Craig Depken at 02:13 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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