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" "It was the defection of the English Crown, the immense booty rapidly obtained by a few adventurers, like the Cecils and Russells, and a still smaller number of old families, like the Howards, which put England, with all its profound traditions and with all its organic inheritance of the great European thing, upon the side of the Northern Germanies. It was inevitable, therefore, that in England the fruits should first appear, for here only was there deep soil. That fruit upon which our modern observation has been most fixed was Capitalism. Capitalism proceeded from England and from the English Reformation; but it was not fully alive until the early eighteenth century. In the nineteenth it matured.
Joseph Hilaire Pierre René Belloc (27 July 1870 – 16 July 1953) was a Franco-English writer and poet, known chiefly for his essays and children's books; he was sometimes referred to by the nickname "Old Thunder". Belloc was also an orator, poet, sailor, satirist, writer of letters, soldier, and political activist.
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"Very well," continued the old man, merrily, "this attitude of mind being common to the whole community, and all having come to regard these pieces of paper as so much money, I had but to receive them in payment of my debts and then to buy with them into the gold of others. Thus all the gold entered my possession. Eh? On my departure the outstanding notes were presented to the firm, I hear, and there was then no gold to meet them with. A sad state of affairs! Many clamoured and all sorts of trouble arose. But by that time I was far away."
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