In the modern system of war, nations the most wealthy are obliged to have recourse to large loans.
The loans it might be able to procure would be as limited in their extent as burdensome in their conditions.
Four great Liberty Loans were floated, all the agencies of modern publicity being employed to enlist popular interest.
In a purely civil matter, the infallible Church from its inception had displayed a marked hostility to loans at interest.
In the Middle Ages the renting contract was the dominant form, but it has been progressively displaced by loans in the money form, and its importance is still declining.
The father of Charles Gould, for a long time one of the most wealthy merchants of Costaguana, had already lost a considerable part of his fortune in forced loans to the successive Governments.
Under the system of competition which is killing us, and whose necessary expression is a plundering and tyrannical government, the farmer will need always capital in order to repair his losses, and will be forced to contract loans.