Confiscation; an outline by William Greenwood
page 29 of 75 (38%)
page 29 of 75 (38%)
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But we always get the money when the foreigner gets the bonds. That is a lie. Here is some sample evidence of it. When our parasite hears of another large jewel reaching London from the African mines, he says he must have it for madam's tiara, and taking a small matter of $500,000 or so of securities, he goes over, and when we next see him the securities are gone. But has he money in their place? None whatever. Madam's tiara is safe, but this country is not one cent of money the richer by the transaction. And when it is time for a husband for Miss Parasite, the two old birds start over with bulging grip to get a mate for the sweet damsel - for she is sweet, as they all are, bless them, whether they belong to the millionaire's brood or to the laborer's - and it freezes our blood when we think of what is sure to happen if the dread machine gets to work here as it did over the way - to get, we say, a mate for the damsel, and when he is found there must be money down and this money is obtained in exchange for the bonds, and remains in the same country where the bonds and titles are. This has been a losing transaction all round, for, alas, the dear one herself goes over in a few days, and when we next hear of her she will be calling on her big brother to go and thrash the whelp that our money purchased. It does not look like business to make purchases abroad with income producing property. But when they buy, say $50,000,000 of government bonds at a clip, as did the late Wm. H. Vanderbilt, they turn the interest as fast as it comes in into more income producers, and this |
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