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Updated: May 27, 2025
The second had been named the "Farnum," in honor of the enterprising young shipbuilder who had financed this big undertaking. And now Spruce Beach was awaiting the arrival of the company's third boat, the "Benson," so-called in recognition of the hard and brilliant work done by the young skipper himself.
The association sent $1,590 for the Oversea Hospitals financed by the National Association. The relations of the State with the National Association have been very cordial. It has sent a large delegation to each of the national conventions and paid its quota for the support of national work, about $1,500 in 1919.
I remember, inside the prison at Buffalo, how some of us got magnificently jingled, and how, on the streets of Buffalo after our release, another jingle was financed with pennies begged on the main-drag. I had no call for alcohol, but when I was with those who drank, I drank with them.
And I shall recommend plans for a massive attack to end this adult illiteracy. I shall also recommend bills to improve educational quality, to stimulate the arts, and, at the college level, to provide Federal loans for the construction of academic facilities and Federally financed scholarships.
The largest steel plant in the East, the largest coal areas in the West, the only nickel mines in America, three-quarters of all the copper and gold reduction works of the West are financed by American capital. To be more explicit, when the MacKenzie-Mann interests bought one large coal area in British Columbia, the Hill interests of St. Paul bought the other large coal area.
There was one unit I wished especially to visit; it was a unit consisting entirely of women, sent over and financed by a women's college. When I was in America last October and heard that they were starting, I made up my mind that they were doomed to disappointment.
American business interests are engaged in the work of building an international business structure. American industry, directed from the United States, exploiting foreign resources for American profit, and financed by American institutions, is gaining a footing in Latin America, in Europe and Asia. The business men of Rome built such a structure two thousand years ago.
Ramsay Macdonald is exclusively a parliamentary man; he knows contemporary parliamentary "shop" as a clerk knows his "guv'nor," and he thinks in the terms of his habitual life; he sees representatives only as politicians financed from party headquarters; it is natural that he should fail to see that the quality and condition of the sanely elected Member of Parliament will be quite different from these scheming climbers into positions of trust with whom he deals to-day.
Consequently if Germany is able to obtain anything like the supply of raw material that she requires she will be able to get back to peace business much more quickly than any of her Anglo-Saxon enemies, and this is an advantage on her side which it would be unwise to ignore in considering the bad effects on her after-war activities of the very questionable methods by which she has financed and is financing the war.
As it is, the nation, with all classes embittered owing to suspicions of profiteering on the part of the employers and of unpatriotic strikes on the part of the workers, will have to face a load of debt, the service of which is already roughly equivalent to our total pre-war revenue; while there seems every prospect that the war may continue for many half-years yet, and every half-year, as it is at present financed, leaves us with a load of debt which will require the total yield of the income tax and the super-tax before the war to meet the charge upon it.
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