Show AS BAD AS A WAR in nasr years ill the american looked cheerfully and regularly for tile the al monthly anth 13 debt statement to see sec how fa fart t the nation bation was the burden laid upon its energies by the th civil war ile he loved I 1 to 0 contemplate the which showed how much hail had been paid oft during tin the current month how much since the commencement of the fiscal ascal year and how much since the process of oc payment began ile he know knew lie WA waa 9 envied by europeans who burdens of debt if not flat growing were at least I 1 chowing only an infinitesimal decrease it if any arid and the Mirope europeans atin frankly admitted the envy bismarck Els marck r pointed to what we were doing as proof of the financial vils dom as well as the wealth of our country rudget malters makers frankly admitted that they wished they ther had find our surplus to handle and every one expected to have this process go on until the debt was waa finally wiped out as fast as the terms on which it was contracted tr permitted it itt its t payment nothing loss less than the convulsion a great cicat var could have been thought likely to interrupt it the war has not come and Is in not coming no country in iho elio world Is so pate from war as ours Is yet we have on oil our hands the very results war alone was thought likely to bring brine we have the nation driven into tile the money market LS its a borrower asking terms from the usurer of london and frankfort receiving insolent lectures from their organ 0 as 01 1 to the management n of its affairs and obliged to conf confess contessi eSSI its Is inability to make both ends meet t ou out t or 0 its re revenue verrue it has assumed no new llev obligations which constrain it to a own it itself unequal to its burdens burdene it has logt loat no go dource of revenue on will which ch it depended it has discovered no fatal haw flaw in the prosperity of t past years yeara where disclosure has haa changed the situation it has simply imply allowed its collective and private prosperity to be undermined der mined by following theories ru ruinous inous to its well being by a mischievous tariff law it throw threw its industries open to every hazard or of foreign competition by it ft monetary policy still more mischievous it has made the country the dependent upon the gold monopolists men opo lists of europe so tile treasury reports that during the past month there has been an increase of 0 bonded debt instead of a decrease and maille hile this amounts to but ISOO Oooo in itself it means meana that wo we have entered up upon D n a L course va whose hose end la Is a gi mort mortgage g age upon our Nat national lonal wealth to the tha bourses bourdes of the old V world orld philadelphia american |