The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1894-05-03
SENSIBLE WORDS
Timely Spoken From q
NOn-POlitical Source.
DEBTS OF THE NATIONS COMPARED,
We Have More to Give Us COntentment
and Peace Than Any Nation
in the World.

Since 1865 the debts of the gov
ernments Of Europe have increased
from about s8,600,000,000, to about
SIS, 600,000,000. Only two Euro
peqn powers, Great Britain and
Denmark, have reduced their in
debtedness during the period mem
! toned, and they have reduced their
com ined debts by about S510,000,-
600 only. But the United States
have reduced their public debt from
s2,756, 431, ST. to 1915, 962,112. We
could pay our debts in one year if
it were required.
Germany, Italy and Russia have
increased their debt threshold,
while France and Austria Hungary
have about doubled theirs This
statement explains the whole case.
The countries belonging to the
triple-alliance. Germany, Austria
Hungary ana Italy, have increased
their debts to keep up their peace
ornaments. Russia and France,
both OF whom are threatened by the
triple.alliance, have been forced TO
increase. there ornaments (and their
debts 10 protect themselves. For
the same reason Turkey and little
Greece have been compelled to bur.
den themselves with heavier debts
1t Thus appears that the mainten.
ance ofthe peace of Europe is a
most expensive task. It is only Less
expensive than continental war.
The alternative of Continental Eu
rope are the most terrific war the
world ever saw, disarmiHg or uni>
vtrsal bankruptcy. AL the powers
seem TO shrink with horror from
war. European craftsmanship ap-
pears incapable Of rising to the sub
lime height OF national disarming.
So the budget makers take to in
creasing national debts. postponing
as long as they can the inevitable
disaster which Away stares them in
the face. But it cannot be adjourn
ed much longer. The tax payers of
Europe cannot stand larger burdens
than those they now impatiently en-
dure. Multitudes will rebel or emf
CRATE. This they are doing now.
Internal disorders threaten every
government Europe with the torches
or nihilism, socialism or communism.
Meanwhile a stream of emigrants
pours into the United States. No
such migrations has been known to
history. The chief effect of it will
be felt on our country, not On Eu>
rope. What will that effect be
Except we strengthen the moral
and religious forces among US, the
effect of such migration must lie
evil.
Thousands come to our shores
resentful towards all governments
because they have suffered under
the governments from which they
have fed. They transfer their
hatred OF the institutions which they
have left to our government whose
protection they seek. They bring
with them thereby an injection of
anarchy and disorder. They scatter
the germs Of revolution wherever
they lie down.
1t behooves US therefore to foster
the spirit of contentment and good
will. This is no time to be preach>
ing gospel of distrust and revolu-
ton to any of our people.
We apprehend grave danger at
this point during the present year.
The biennial election for congress
men is to be held. The issues
promise to be economic issues, such
as the currency and the tariff. Such
themes furnish demagogues the m ost
;nfiammable subjects for public dis
cussion, and we need not be sur
prised if many infammatory appeals
are made to the people during the