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Under the spreading deficit,
The Fitzroy Smithy stands;
The smith, a spendthrift man is he,
With too much on his hands;
But the muscles of his brawny jaw
Are strong as iron bands.

Pay out, pay put, from morn till night,
You can hear the sovereigns go;
Or you'll hear him singing "Old Folks at Home",
In a deep bass voice and slow,
Like a bullfrog down in the village well
When the evening sun is low.

The Australian going "home" for loans
Looks in at the open door;
He loves to see the imported plant,
And to hear the furnace roar,
And to watch the private firms smash up
Like chaff on the threshing-floor.

Toiling, rejoicing, borrowing,
Onward through life he goes;
Each morning sees some scheme begun
That never sees its close.
Something unpaid for, someone done,
Has earned a night's repose.

This work is in the public domain in Australia because it was created in Australia and the term of copyright has expired.

See Australian Copyright Council - Duration of Copyright (August 2014).


This work is also in the public domain in the United States because it was in the public domain in Australia in 1996, and no copyright was registered in the U.S. (This is the combined effect of Australia having joining the Berne Convention in 1928, and of 17 USC 104A with its critical date of January 1, 1996.)