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Updated: May 7, 2025
About forty years ago the Karoo plains, the Orange Free State, and Transvaal were, so to say, monopolised by milliards of game. Almost all those vast herds have disappeared since, having been killed off by natives and Boers for their hides and for food, or else scared away farther north, where rinderpest extirpated nearly all the rest in 1895-1897.
Thiers also obtained a reduction of a milliard from the impossible sum of six milliards first named for the war indemnity due to Germany; in this matter Jules Favre states that British mediation had been of some avail. If so, it partly accounts for the hatred of England which Bismarck displayed in his later years. The Preliminaries of Peace were signed at Versailles on February 26.
"We also look forward to your telling us exactly whether the future Society of Nations will be a joint stock enterprise for the exploitation of Russia, and in particular as your French allies require for forcing Russia to refund the milliards which their bankers furnished to the Tsarist government, or whether the Society of Nations will be something different...."
I have already said that the real damages to repair do not exceed 40 milliards of gold marks and that all the other figures are pure exaggerations. If it be agreed that Germany accept 20 per cent. of the inter-allied debt, the indemnity may be raised to 60 milliards of francs at par, to be paid in gold marks.
Of late the sense of reality has begun to diffuse itself. The Minister Loucheur himself has laughed at the earlier figures, and has stated that the damages do not exceed eighty milliards. But the French public has been accustomed for some time to take the figures of Klotz seriously, and to discuss indemnities of 150, 200 and 250 milliards.
And Germany, the conquered country, has in her turn a debt which exceeds 320 milliards of marks, and which is rapidly approaching 400 milliards.
Such was the first Church of the twelve, and such ought to be the last Church of the milliards: different in all her parts, but cemented by the Holy Wisdom into one glorious building. Christ, God's Holy Wisdom, includes all of us, why should we exclude each other? He was sent for the salvation of China and Japan and India as well as for that of the Jews and Greeks.
Last but not least, under the heading of the organization comes the financial aspect. Out of the five milliards of francs, the war indemnity paid by France to Germany in 1871, 200,000,000 marks in gold coin, mostly French, were put away as the nucleus of a ready war chest.
Last summer a series of private meetings was held for three days running in Switzerland, at which Germans of high standing took part, for the purpose of dealing with German capital in Italy and safeguarding it during the war. At one of the sittings it was computed that about two milliards of francs belonging to German subjects are buried in Italian undertakings or in house or landed property.
Her paper currency, which at the end of 1918 amounted to twenty-two milliard marks, not excessive as compared with that of other countries, immediately increased with a growing crescendo till it reached, in a very short time, the figure of eighty-eight milliards, thus rendering from the very first the payment of indemnities in gold extremely difficult.
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