A Spendthrift World

Pacific Press Publishing Company · Oakland, California · Aug 6, 1902

FromSigns of the Times, Vol. 28, No. 32.

A Spendthrift World

"A Spendthrift World" is what a great Eastern paper calls it, in recording some of the budgets of nations. It declares: "Certain it is that the governments of the United States, Great Britain, France, and Germany, which are nearer to the peoples than any others, have been plunging into heavy expenditures for many years past." The idea is conveyed that the people are with the governments in this extravagance. In the matter of naval and military expenditures between the years 1870 and 1901 the expenditures of the United States have increased from $80,000,000 to $175,000,000; Great Britain, during the same period, from $120,000,000 to $615,000,000; Germany, from $56,000,000 to $120,000,000; France, from $117,000,000 to $204,000,000. During this same period, there has been corresponding municipal extravagance. To all this there will come a pay-day; and who can predict the sad results?