"All legislative experiments in the way of making forcible distribution of the wealth produced in any country have failed"

This quote by Leland Stanford is describing the concept of wealth redistribution, which is the practice of taking money from the rich and giving it to the poor. Stanford is stating that any attempts to do this through legislation have actually stopped working. He is implying that the government must not attempt to forcibly take cash from the wealthy and rearrange it, as it has actually not achieved success in the past.

Stanford is most likely describing the concept of socialism, which is a financial system in which the government owns and manages the methods of production and distribution of goods and services. This system has been tried in numerous nations, but has actually not succeeded in developing a more equitable circulation of wealth.

Stanford's quote is a suggestion that the government should not attempt to by force rearrange wealth, as it has not been successful in the past. Instead, he recommends that the government should focus on developing policies that promote financial development and job development, which will assist to develop a more fair distribution of wealth.