Show RICH BUT POOR the present bankrupt condition of 0 spain is an illustration of the effects of bad government of a country rich in natural resources spain has plenty of gold silver copper iron and coal her climate and soil are favorable for the production of enormous quantities of the necessaries and luxuries of life yet everything is undeveloped neglected with the discovery of the new world spain adopted the suicidal policy of drawing her revenues from thu colonies and paying but little attention to the home industries in addition to this the people is burdened with unjust taxation it is believed that with the due encouragement of mining agriculture horticulture leather and silk industries and with a just and equitable system of taxation spain would speedily become one of the most wealthy countries of europe in view of these facts the terrible experience the country to is passing through may prove its ita salvation it may end in the loss of the colonies and the necessity of the people to turn all its attention to its own resources at home it may cause a revolution in the affairs of the country by which the accumulated fortunes of certain institutions will be released tor for the benefit of the nation the weakness of our antagonist tag onist is chiefly due to the antiquated methods of the government not to the absence of the material on which the strength of nations largely depends |