These things win me more than Italy's hundred galleries of priceless art
treasures, because I can understand the one and am not competent to
appreciate the other. In the turnpikes, the railways, the depots, and
the new boulevards of uniform houses in Florence and other cities here, I
see the genius of Louis Napoleon, or rather, I see the works of that
statesman imitated. But Louis has taken care that in France there shall
be a foundation for these improvements--money. He has always the
wherewithal to back up his projects; they strengthen France and never
weaken her. Her material prosperity is genuine. But here the case is
different. This country is bankrupt. There is no real foundation for
these great works. The prosperity they would seem to indicate is a
pretence. There is no money in the treasury, and so they enfeeble her
instead of strengthening. Italy has achieved the dearest wish of her
heart and become an independent State--and in so doing she has drawn an
elephant in the political lottery. She has nothing to feed it on.
Inexperienced in government, she plunged into all manner of useless
expenditure, and swamped her treasury almost in a day. She squandered
millions of francs on a navy which she did not need, and the first time
she took her new toy into action she got it knocked higher than
Gilderoy's kite--to use the language of the Pilgrims.

But it is an ill-wind that blows nobody good. A year ago, when Italy saw
utter ruin staring her in the face and her greenbacks hardly worth the
paper they were printed on, her Parliament ventured upon a 'coup de main'
that would have appalled the stoutest of her statesmen under less
desperate circumstances. They, in a manner, confiscated the domains of
the Church! This in priest-ridden Italy! This in a land which has
groped in the midnight of priestly superstition for sixteen hundred
years! It was a rare good fortune for Italy, the stress of weather that