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Updated: June 10, 2025


We are continuing to do so, and we may do so to the end, though there are now growing signs of an impatience both among the property-owning classes and others of the system by which we are financing the war by piling up debt and manufacturing banking credits.

Then again, it must not be forgotten that the first opponents of Cecil Rhodes were black men, of whom the European always has the conception that they are not his equals. It is likely that if, instead of Lobengula, he had found before him a European chief or monarch, Rhodes would have acted differently than history credits him to have done toward the dusky sovereign.

The settler on the land who increases its value by his labor merits more than a gift. He is entitled to credit. The prospective bank could therefore begin by extending the needed credits to the colonists; later it would expand into the instrument for the bringing in of Jews and would supply credits for transportation, agriculture, commerce and construction." The seat of the bank was to be London.

While the world's embittered travail did not leave us devastated lands nor desolated cities, left no gaping wounds, no breast with hate, it did involve us in the delirium of expenditure, in expanded currency and credits, in unbalanced industry, in unspeakable waste, and disturbed relationships.

Industry, commerce, shipping, and banking concentrated in the narrow area of less than 200,000 square miles, earned yearly returns equal as a rule to the total of the capital invested. Money changed hands rapidly, credits did the work of capital, and the rapid growth of population added large unearned increments to the fortunes of those who owned land or had established themselves in trade.

In France the mercantile credits have been considerably reduced the increase reduced nearly a half because the men are at the front and business is not calling for the credits formerly in use. The Bank of France also promptly advanced 8,000,000,000 francs or $400,000,000 to the government.

As a matter of fact Hoover was no college grind. He studied hard enough at what he liked or thought important for his fitting to be a mining engineer, but he did not dodge getting a few credits from well-known "snap" courses, and he got through other required, but, to his mind, superfluous ones without doing much more work on them than necessary.

You know who made eighty thousand pounds, without having to wipe his pigtail dirty things, I am glad they are gone out but my business is to pay other people's debts, and receive all my credits in the shape of cannon-balls. This is always so, and I should let it pass as usual, except for a blacker trick than I have ever known before.

So far, again, from regarding the abstract intellect as a vast Juggernaut machine which absorbs and crushes the individual thinker, it treats him individually as having his own constitution, raison d'être, and intrinsic interest, and credits him with a power to make new truths and to enrich the resources of thought.

A campaign for personal and general service was launched, but in spite of the king's support it met with little success. A certain number of volunteers were added to the normal effectives in 1902, and in 1908, after the sensational journey of William II to Tangiers, new credits were voted for the development of the Antwerp defences.

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