say this in all seriousness, compelled by my respect for the exalted office to which Mr. Bryan aspires. Considering that for years the discussion of these questions has been his only business, and that he has remained so entirely unacquainted with the most rudimentary of economic principles and with the most conspicuous of business experience, we must conclude that he not only does not know, but is unable to learn. Imagine such ignorance coupled with such assurance clothed with great power! Imagine him, as President of the United States, parading such childish absurdities in his messages! It would make us the laughing-stock of the world, and every self-respecting American would hang his head in shame.
But more. Resorting to that cheapest of all hackneyed tricks of demagogy, the excitement of American feeling against England in particular and Europe in general, they tell us that, like a “conquered race,” we are paying “tribute” to the foreigner. What has Europe done to “subjugate” us? Nothing, absolutely nothing, but lend us money. She did not force her money upon us, but lent it when we asked for it and we were glad to receive it. She lent us money when we needed it to maintain the Union and were in dire distress. She lent us money when we wished it to develop the resources of our new country, and now what does Europe ask for? Nothing but what we promised to pay when we took what she lent. Where is the tribute? It is said that Europe largely profited on the loans. On the war bonds, yes, and, having been helped in need, we did not grudge it. But as for the rest, is it not true also that untold millions of European money have been sunk in American enterprises that failed? Tribute indeed! This word can be prompted only by that mean spirit which cajoles the lender as a friend when his money is asked for, and treats him as an enemy and
