Including Rights and remedies of foreign bondholders by Ernst H. Feilchenfeld.

One day, a princely equipage with liveried coachman and outrider halted at the schoolroom door, a "bloated bondholder" and his wife, arrayed in purple, fine linen, and diamonds, pulled a flashily appareled, humpbacked boy up to me, every lineament of whose face showed depravity and cunning.

Moreover, if they are troubled with any forebodings, the voice of common sense is likely to be hushed by the reflection that they personally will not be the sufferers, but the great body of taxpayers, or in the case of actual default, the deluded bondholders; and that in any case, the trouble caused by over-borrowing and bad spending is not likely to come to a head for some years.