Read it through once

These things win me more than Italy's hundred galleries of priceless art treasures, because I can understand the one and am not competent to appreciate the other. In the turnpikes, the railways, the depots, and the new boulevards of uniform houses in Florence and other cities here, I see the genius of Louis Napoleon, or rather, I see the works of that statesman imitated. But Louis has taken care that in France there shall be a foundation for these improvements--money. He has always the wherewithal to back up his projects; they strengthen France and never weaken her. Her material prosperity is genuine. But here the case is different. This country is bankrupt. There is no real foundation for these great works. The prosperity they would seem to indicate is a pretence. There is no money in the treasury, and so they enfeeble her instead of strengthening. Italy has achieved the dearest wish of her heart and become an independent State--and in so doing she has drawn an elephant in the political lottery. She has nothing to feed it on. Inexperienced in government, she plunged into all manner of useless expenditure, and swamped her treasury almost in a day. She squandered millions of francs on a navy which she did not need, and the first time she took her new toy into action she got it knocked higher than Gilderoy's kite--to use the language of the Pilgrims.