Confiscations; United States -- Social conditions -- 1865-1918
The different governments of Europe, that are not gold producers, have
gold as the basis of their monetary systems, and, what is more, the gold
is there. The United States, that is a gold producer, would also have it
as the basis of its monetary system, but this nation, the one
independent nation that is all extensive and the leading producer of the
metal that the enlightened world approves of as making the best of all
moneys, cannot retain enough of it to give future stability to her own
currency.
This nation, the greatest of to-day, or any day!
This nation, that has given more to the rest of the world than it has
ever received!
This nation - of all others on this earth - must be content with the
money of the enslaved East Indian coolie; must be content with the money
of the decaying Chinaman; must be content with the money of the half
savage republics to the south of us!
This nation, whose chief magistrate is the embodiment of power never
dreamed of by the Caesars and Napoleons in their palmiest days! This
nation, that is impregnable against the combined armies of the world, is
being sapped and mined of its wealth under the very eyes of its
driveling lawmakers, and silver is becoming the badge of its humiliation
and inferiority!
XIV.
The national debt of France is $7,000,000,000. This exceeds the combined
national debts of the United States, England, and Germany.
In territory, France is not as large as California.
Her population is[2] ....................... 37,000,000
The population of the United States is ..... 65,000,000
The population of England is ............... 37,000,000
The population of Germany is ............... 40,000,000
____________
Total .................................. 142,000,000
The French navy is a fairly close second to that of England.
Her army is as large as that of Germany.
France, then, supports an army and navy of the first class, and has only
37,000,000 people to do it with. And this same 37,000,000 people pays
interest on a debt that is greater than that of the 142,000,000 people
in the three countries named. Yet there is no wail of distress, such as
we are familiar with, heard in this France, with its great army and
navy, and its fabulous interest-bearing, debt.
What is the secret of it?
France is the greatest producer of luxeries in the world, and, of
course, has the rich the world over for her customers; and she is a
nation of small owners, her resources, land and all else, being
subdivided among her people to an extent unknown elsewhere. This is only
half the secret.
Public-domain text, read in full here on John Shaqi.
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