Show american extravagance A balance of trade of at least will be in favor of europe and against the united states thle thib year this we have to pay in gold or stocks as good as gold besides this thia we shall esha have to pay at least in Inter interest eatto to foreign bond holders this must be made up in taxes the whole balance must be dug out of our mines or be dragged from the hid bid hidden bidden d receptacles of years for eign immigration is usually counted on as good for we the average average of per hond hoad in specie we shall probably this yeargain year sear gain foreign immigrants who will bring into the country 36 but to chaet tb that gai gat gain we shall bend send about rich pleasure seekers to europe during the spring and summer bummer months who will average an expenditure of 1500 1 1500 each makine mahine an aggregate of 45 or more than the foreign immigrants will bring from europe to the united states it thus appears that we shall probably have to pay the old world this year nearly in gold or in stocks as good as goi got gold d in return we take their fine woolens silks cottons shoddier sh oddies and soe boe see e e their hights eights ts from italy to st elt petersburg pa paying ying as much us as would pay half the interest on our public debt for the privilege our mines have never yielded so much of the precious metal mela has kas they do now but we shall need more than thau they produce to meet the liabilities created by the national extravagance jn in the event of a foreign war we should sunner bunner frightfully from the sudden depreciation of our stocks which are wro becoming in great part a means of 0 meeting these heavy annual balances against us the chief cause of the great annual rush of americans to europe is the extortionate charges of our own hotels and railways it really costs less now cow to a resident of the at bantle states to cross the ocean visit england france eranee the alps the rhine the pd pa and the leading ditlea of italy than it does to spend the summer at saratoga long branch brauch cape may or newport abad much less than to come tor to california and to visit yosemite lake tahoe santa cruz los angeles and the big tree trees hoddy shoddy ri abnormal wages of labor high taxes conscienceless railway corporations and plundering hotel keepers are conspired together to drive all prudent pleasure seekers to europe where prices are moderate at the hotels and railways are riot not allowed to rob their passengers here for example we are charged 20 from this city to lake ta hoe and back for passage alone while the modest american amerlean traveler can buy a ticket from london to paris and naples and back again for as much his hotel charges paid by the company for a day in paris paria and a day in naples our universal greed is telling against the country i and especially espee lilly against those most t addicted to it travel for pleasure Is 19 falling off everywhere in the united State sand if It prices be kept up for a few years more it will cease entirely sacramento union |