The Answer is Thomas Hood (1799-1845), the quote being "A moment's thinking is an hour in words."
to encode, firstly substitute each letter of the alphabet for a number, then take the first letter of the words in this number and you have your code:
A 1 O
B 2 T
C 3 T
D 4 F
E 5 F
F 6 S
G 7 S
H 8 E
I 9 N
J 10 T
K 11 E
L 12 T
M 13 T
N 14 F
O 15 F
P 16 S
Q 17 S
R 18 E
S 19 N
T 20 T
U 21 TO
V 22 TT
W 23 TT
X 24 TF
Y 25 TF
Z 26 TS
The difficulty then is that some letters could actually decode back into a number of different letters; eg, T could be B,C,J,L,M or T.
So, it is a case of re-arranging the letters into a phrase that makes sense. Only then can you name the author.
Here's how the puzzle decodes:
O T F T F F T ' N T E N F E N F S N N O F E F TO E N F TT F E F N
A M O M E N T ' S T H I N K I N G I S A N H O U R I N W O R D S
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