But what has been the effect of this error in this instance? The present prostration of industry, necessarily: and it has come about in this way: The armies were made up from the ranks of industry; the “rank and file” were so many men taken away from producing, and, therefore, from adding to the accumulated wealth; but the maintenance of the army was borrowed at an exorbitant rate of interest from the accumulated wealth, which was wholly in the hands of those who never fired a shot in defence of the country, nor added a dollar to its aggregate wealth by labour. While the war continued, the men who were left in the ranks of industry were called upon to pay this interest; and when it was over, those who had survived the war and returned to productive toil were included with them. And it is expected that the industrial classes will continue to pay this interest until the bonds mature, and then the bonds themselves, as I shall show you that they do hereafter; or what is more to the point, for the $1,800,000,000 that the government borrowed from the money-lenders it would compel the people to return them as bonus, interest and principal, the enormous sum of $5,000,000,000. INDUSTRY OVER-BURDENED. Hence by this error, made possible by the false relations of government and industry, the government has not only compelled industry to furnish the men to fight its battles, win its victories, and maintain its integrity, but it also compels it to pay all the expenses of the war, besides to continue adding to the wealth of the rich. The gentlemen in whose interests it was principally fought, who have sat quietly at home in luxury, and drawn the life-blood from the poor, now go out of all the effects of the war with their fortunes trebled by having merely loaned the government the money it needed to maintain itself in the struggle.