A surer ground for optimism than the increased production of
gold mentioned by the Chancellor of the Exchequer was the great development taking place in the Argentine and South America generally, and also Canada, India, Australia,
and South Africa. Every firm has a right to feel optimistic when its best customers are doing well, and these are our best customers. Again, the Chancellor of the Exchequer made a good point in declaring that we are now about to gather in the harvest from the capital sown in recent years in various parts of the world. He looks to the development due to this use of our capital to reduce the cost of the necessaries of life. If this view is well founded, and the rise in prices due to the depreciation of gold is corrected in the matter of necessaries, the prospect is certainly one in which we may rejoice.
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