This sum is equivalent to the total savings of two million farmers for
thirty weary years, supposing each farmer to save $500 per year;—and
sufficient besides to establish eighty agricultural colleges and ninety
teachers’ colleges, _each_ of these one hundred and seventy institutions
provided with four million dollars’ worth of land, buildings and
equipment, each institution also provided with four million dollars as
endowment fund to pay running expenses;—with a balance sufficient to
construct a double-track railway from New York City to San Francisco at
a cost of more than $48,000 per mile; or,
This sum is more than equivalent to the total wheat crop worth $1.00 per
bushel growing on twenty-five million acres of fine land averaging
twenty bushels per acre for over sixty-three years; or,
This sum would pay all the salaries of twenty-five thousand school
teachers at $625 per year from the birth of Christ to the year 1909, and
leave sufficient to establish fifty universities, each institution
provided with ten million dollars’ worth of buildings and equipment and
each institution provided also with a ten-million dollar endowment fund
for running expenses; or,
This sum is equal to the total savings of five million wage-earners,
each saving one dollar per day, three hundred days per year for
twenty-one years.
And we are not yet through with our Civil War expenses and shall not be
for a long time. Professor Albert S. Bolles calls attention to the fact
that we are not even yet through with the expenses of our Revolutionary
War of more than one hundred years ago. Professor Bolles also says of
the Civil War:[39]
“A hundred years are likely to pass before the account books for
suppressing the Rebellion will be closed.”
This is a good place to remind the reader that, of course, as soon as
the soldiers got home from the Civil War they had to go to work to help
create the wealth to pay the principal and the interest on the war bonds
held by the bankers and other leading citizens who were too shrewd to go
to the war themselves. Professor John C. Ridpath wrote thus of the war
bond-leech:[40]
“To him (the capitalist) it is all one whether this world blooms
with gardens, ripens with oranges, smiles with harvest of wheat, or
whether it is trodden into mire and blood under the raging charges
of cavalry and the explosions of horrid shells; that is, it is all
one to him if his coupons are promptly paid and his bond is
extended.”
Public-domain text, read in full here on John Shaqi.
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