Progress under such conditions will never be more than a dream.
We could find use for all the capital that is now in the country, and
all that has been and is being taken out of it, but we should first
loosen the grip of these legalized despoilers and see how far what we
have got would go before we talk of issuing more, which would soon turn
up missing like the rest.
XIII.
We hear much about what we are losing by the balance of trade being
against us, but not a word about that other floodgate through which our
capital is rushing, namely, our millionaire class making its purchases
abroad, and their other expenses while living among the foreign birds of
a like feather. Their idle money is left here for investment. They do
not look to that quarter for income. The world over there is under the
feet of a few as it is here, and the result is the same - idle money
looking for interest.
No less an authority than the late Ward McAllister has said that up to
last year two hundred and eighty American women had married foreign
titles.
$1,000,000,000 was the war indemnity demanded of France by the Germans,
and so vast is this sum that the civilized world believed the Germans
wanted to retain possession of the conquered country and demanded what
the French could not pay.
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