The Holly chieftain., 1900-06-15


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Germany frlza YFza.e w4z eTsY ssksf
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D'@l. m, paiy N the eynnasretai aBs
Industrial pTDED0rItT. Dtgt ~ tEs D2-
tFiGtie zs-al n tas Frsncb.
TTlf det n Eyssia Ia mDstiy the
result NJ the giant military establish
mint NJ NbLa the iron Empire T.
mai 'I'aiEei IN ~ integrity. During
ne pas, FEN years considerable add.
tlgnz ~ the Russian dsih have been
caBssf ny the extension Of the etn-
pfs's railroad sYsusws along the
sp1'beTH ana WestrTn frontiers. but
mrrs especially IN siberia the rail-
roaf deb, Df Russia, however, IL but
a uins compared with the army debt,
and when - II remembered thz. the
i,Bssian army m DGaes fcotiHg num-
bsfs oYrr SGO11O men. no surprise
need be felt a. the statement that the
Russian drbt * og"f three and half
billions,
While France, Russia and Great
Britain hays the heaviest burdens N
dob, and taxation, there are other ma
tons arilctsd Yith obligations not 10
when compared with the national
ability 10 pay. The debt Of italy, for
Instance. IL i2.324B2G, ,529, and that oi
Austria .2.sGg 2s3J25. but In each case
tho resources of the country are more
severely taxed 10 meet this smaller
obligation than are those Of the three
larger states which have much
heavier debt. and In each case tho
obligation was incurred either by war
or by preparations for warllke con
tingencina that might arise. Leaving
out Of the calculation the second rate
powers. ths people ~ the leading
states of Europe are now paying in
terozt on the HtupcndOus sum Of 122.-
$1,000 900. the grndtrr portion o!
which was expended either In war or
on armies hnd nayics.
Wo ourselves have had nm expert.
encs OF tho cos, Of war. Our debt al
present is n little more than two
billions, "A mere trIne when compared
with the wealth and resources OF this
great country. bat tbs debt itself, llk.
that Of every other nation. ts In thu
main, tho heritage Of war. Our ma.
tiouai obligations were heavy !mme,
dlatsly after the close OF the reyoln,
tiOn. but were rapidly undergoing
liquidation when the second war with
Great Britain came on, The variouS
Indian wars. the war with Mexico
the oiyll war. ana tho recent conflict
with Spain are all accurately noted
in tho movement OF the public debt.