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Moreover, the limited resources of a medieval state, and the even more limited control which a medieval ruler had over these resources, were fatal obstacles in the way of too ambitious a policy. Edward had inherited his father's load of debt, and could only accomplish great things by further pledging his credit to foreign financiers, against whom his subjects raised unending complaints.
The Japanese Government and the Chinese Government, seeing that Japanese financiers and the Hanyehping Co. have dose relations with each other at present and desiring that the common interests of the two nations shall be advanced, agree to the following articles: Article 1.
Germany is often thus taken as the example of the State which gives its financiers the most efficient backing abroad; but even in Germany finance is, like everything else, the obedient servant of the military and political authorities. For several years before the present war, the financiers of Berlin were forbidden to engage in moneylending operations abroad.
"The mass of the workmen, artisans and peasants, who are peace-loving by instinct." Such of the great nobles as were intelligent enough to recognize the "disastrous political and social consequences of war." "Numerous manufacturers, merchants, and financiers in a moderate way of business." The non-German elements of the Empire.
Luxury and the craving for pleasure, costly dinners, jewels, and extravagant households were the appanage of a new society composed entirely of stock-jobbers, army contractors, and shady financiers enriched by pillage.
Since the center of business life was the bank, it followed that the directing power in all of the war-time campaigns rested with the bankers, and thus the whole nation was mobilized under the direction of its financiers. The results of these experiences were far-reaching.
"I'm sorry, sir," apologized the man, colouring under his tanned skin. "I ought to be able to control myself better. But this business has shaken me. Three times last night I looked down the barrel of my revolver, and three times I threw it away.... Well, we arranged that I should come to London to interest some financiers in the property.
Few American financiers occupy a more conspicuous place than Thomas F. Ryan, and no great industrial leader has reached the pinnacle of success upon which stands the commanding figure of James J. Hill, both sons of Irishmen.
He's a pretty good fellow, and he's in with James Wing and that crowd of big financiers, and he seems to have taken a shine to me probably because he's heard of that copper deal I put through this spring." Honora thrust back her writing pad, turned in her chair, and faced him. "How 'decent' do you wish me to be?" she inquired. "How decent?" he repeated. "Yes."
At once on the assassination of the Austrian Grown Prince, the Kaiser called in his war lords and financiers and other great men of his coterie. He asked if all were ready for war. The army and navy men said they were ready instantly. The financiers said they could be ready in two weeks. They were told to get ready.
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