The Great Round World And What Is Going On In It, Vol. 1, No. 22, April 8, 1897 by Various


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The Project Gutenberg EBook of The Great Round World And What Is Going On
In It, Vol. 1, No. 22, April 8, 1897, by Various

This eBook is for the use of anyone anywhere at no cost and with
almost no restrictions whatsoever. You may copy it, give it away or
re-use it under the terms of the Project Gutenberg License included
with this eBook or online at

Title: The Great Round World And What Is Going On In It, Vol. 1, No. 22, April 8, 1897
A Weekly Magazine for Boys and Girls

Author: Various

Editor: Julia Truitt Bishop

Release Date: March 24, 2005 [EBook #15452]

Language: English

Character set encoding: ISO-8859-1


Produced by Juliet Sutherland, Emmy, and the Online
Distributed Proofreading Team. (

[Illustration: THE GREAT ROUND

VOL. 1 APRIL 8, 1897. NO. 22

* * * * *

The President has sent his first message to Congress. In it he says that
he is very sorry to call an extra session of Congress, but he feels it his
duty to do so, because he finds the money affairs of the country in a very
bad condition, and thinks it is necessary for Congress to take some
immediate steps to find a remedy.

It would seem that since June, 1893, the yearly, and even the monthly,
expenses of the country have been greater than the receipts.

We all know what a statement of that sort means in our own homes and
families. It means that bankruptcy is coming, unless something be done to
prevent it. If a man spends more than he earns, he is obliged to borrow to
make up the difference; and when he can no longer borrow, he has to fail
and turn all he owns over to his creditors.

This means that the people to whom he owes the money--his creditors, as
they are called--will take his home and his furniture, and everything he
possesses away from him, and divide it all up between them, and that he
must begin life again as best he can.

Sometimes when a man has a good business that will enable him in time to
pay everything he owes, the creditors will allow him to keep his business
going taking the greater part of his earnings for his debts until he has
paid them all off. But whichever way his affairs are settled, the man who
owes money is the unhappy slave of his creditors until his last debts are

The affairs of a country are precisely the same as those of an individual,
and President McKinley, understanding well what must happen unless some
change is made, is doing his best to save us from the unhappy position of
a poor debtor.

He is prudently trying to stop the trouble before it gets the mastery of

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