People's Pilot, Volume 5, Number 23, Rensselaer, Jasper County, 5 December 1895 — A Warning to the United States. [ARTICLE]

A Warning to the United States.

Recently the United States consul at Cairo made a report to the State Department showing the deplorable condition of the Egyptian government. From that report, the Topeka Capital selects the following facts: Egypt’s bonded debt reaches the enormous total of 509 million dollars. The population being only seven millions, this is a debt of about $72 per capita, or the equivalent of a national debt in the United States of five billion dollars. At present the productive area of Egypt is only five and one-quarter million acres, the product of this land must be gathered a revenue of eighteen million dollars a year to pay the interest on the public debt, which amounts to an average tax of $4.56 per acre. The consul’s report does not dilate upon the most important fact connected with this sad story, which is: Egypt depended on foreign capital to carry on her government and her public enterprises. English capitalists were always on hand ready and willing to advance gold and take bond” bearing high Interest. The Egyptian sia f esmen were either too ignorant or too e- shonest to issue their own money befo-- it was too late. They were sound mr»ney statesmen. Now their people arc .educed to such a state of degradation ctu the fiat of their government woa>- jf of little value. The Egyptians are slaves. The United States should take warning.—Topeka Advocate.