Directly after the alliance with Germany, moreover, the military and naval estimates began to devour millions to no purpose.

And the ever growing financial requirements were simply met by the issue of paper, by a fresh loan each succeeding year.
In Rome alone, too, the building of the Ministry of War cost ten millions, that of the Ministry of Finances fifteen, whilst a hundred was spent on the yet unfinished quays, and two hundred and fifty were sunk on works of defence around the city.

And all this was a flare of the old hereditary pride, springing from that soil whose sap can only blossom in extravagant projects; the determination to dazzle and conquer the world which comes as soon as one has climbed to the Capitol, even though one's feet rest amidst the accumulated dust of all the forms of human power which have there crumbled one above the other.
"And, my dear friend," continued Narcisse, "if I could go into all the stories that are current, that are whispered here and there, you would be stupefied at the insanity which overcame the whole city amidst the terrible fever to which the gambling passion gave rise.

Folks of small account, and fools and ignorant people were not the only ones to be ruined; nearly all the Roman nobles lost their ancient fortunes, their gold and their palaces and their galleries of masterpieces, which they owed to the munificence of the popes.

The colossal wealth which it had taken centuries of nepotism to pile up in the hands of a few melted away like wax, in less than ten years, in the levelling fire of modern speculation." Then, forgetting that he was speaking to a priest, he went on to relate one of the whispered stories to which he had alluded: "There's our good friend Dario, Prince Boccanera, the last of the name, reduced to live on the crumbs which fall to him from his uncle the Cardinal, who has little beyond his stipend left him.