individuals. They also can be forced to submit to any kind of terms when
their necessities are driving them, and when their necessities are
supplied they too must stop and let development go, for they cannot
stand the terms. In other words, the capacity of people, singly or
collectively, is limited, and if they are compelled to exhaust that
capacity in supporting millionaire parasites at home, and paying for
their extravagance abroad, they cannot improve themselves or develop
their country.

Complicity, then, and negligence on the part of our law makers has made
a few men the absolute owners of the financial or money branch of our
economics, and the people find it impossible to move except when these
masters find it to their interests to let them.

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