THE REIGN OF MONEY.
A country In which .capital is i secure, is liable to tain. Aanatole Lei '.hob Beaulioa, the well-known eooriomist, [«nd ttti article on 'The Reign of Monc ket, whiob appears la the Revue des De the Monies, saya:— 'Two of our mi to notable democrats, Jules Gr^vy a rho Viotor Hugo, had so little confidence jnd the stability of the Govornihent, ai lira Were so anXioaa to safeguard their i >ia, tereita, th/it they deposited their fum •eei | afetfiad. The value of President (Jrevj ERi estate in England was orer 860,(K tnd dollars. Viotor Hugo and .GroVy hoJ ;i's had niany imit&tofs, find it is to 1 'be hopoiJ .thai; Hie fiscal legislation of tl njj; Third Bepublic will not cause to beoom ter general the practices of these two gres is- oaints of the Democratic oalendor. Be nd that will be the rosalt, if the Radiot 3., and sooialistic elements are permitted t to regain the upper hand. If strikes con th tintte to be fomented, if the liberty o >w the Working men is more and more en of oroached upon by the labor syndicates Id and if the progressive income tax 01 a, estates or wills and the personal impos io on revenue is voted by Parliament, thei [e the wealthy families of Franco will fal 1 1 moire and more into the practice of sendee j ing their gold to London, Brueaels, oi i, Geneva, and French capitalists will re ; h fuse to embark in French, or Frenchn OoloDial enterprises. A country in d which capital is not secure is liable to k ruin, Europe for a long time has offered • this sseurity, and obtained an immense [. advantage over Asia thereby. It is, in 8 faot, this security of capital whieh made ;, the Christian West superior to the i Mussulman East. But that superiority 1 is now decideely In danger. We are ref turning to the customs e( i barbarous > epoch) when private fortaaft will be no r longer safe. The difference between i our times and the times of insecurity in i the past is that then the capitalist was at . I the meroy of capricious and greedy : princes and their favourites. To-day > \ the danger comes from the people, and i the favorite is the labour syndicate. Under snch circUmstanoea it is altogether unless for Europeana to work, to nave) ■ and to iuveat. We are approaching a state similar to that of the Eastern countries.'
THE REIGN OF MONEY.
Hawke's Bay Herald, Volume XXXI, Issue 10465, 21 November 1896, Page 5
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