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The Great Round World and What Is Going On In It, Vol. 1, No. 48, October 7, 1897 - A Weekly Magazine for Boys and Girls by Various
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as a nation.

There is a very shameful story behind the Greco-Turkish war. In the
histories that will be written about it, it will be recorded that Greece
was sacrificed by Europe for the sake of Turkish gold.

We have told you before of the money difficulties in Turkey, and that
the Sultan has been called the "Sick Man of Europe" because of the
unfortunate condition of his affairs, which were in such a deplorable
state that it seemed as though the kingdom of Turkey must soon be
swallowed up by the more powerful nations of Europe.

The Turkish nation has been on the verge of bankruptcy for many years.
To help the struggling Government along loans of money have been made at
different times, and all that was of value in the country pledged as
security for the repayment of the loans. Bonds were issued on these
securities, but owing to the impoverished condition of the country they
were of very little value, and at one time the Turkish bonds were the
joke of the stock market. Still, the bonds existed, and their holders
hoped at some time to get their money back.

Few governments are wealthy enough to support themselves without
borrowing money. In Europe most loans are arranged by the wealthy
bankers, who demand security in return. We explained this matter to you
in speaking of the quicksilver mines and the Rothschilds, on page 1023.

Transactions of a similar character to that of the quicksilver mines
have been entered into by almost all of the European countries, and the
consequence is that there is hardly a foreign nation that is not under
obligations to its moneyed men, or financiers, as they are called.
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