Let us seo what the financiers of the world say further. 'They blame the politicians, in short. They say that railway states, dictated by political considerations, have made transit and freight' difficult and costly. Nothing is nearer the truth than this statement. The result that prices have risen, artificial ldenrness has been created, and production as a whole has been diminished. In addition to which leredit has contracted and currencies thave depreciated.
In setting out to advocate the absolute freedom of trade, the document from which I quote declares that there can be no recovery in Europe "until politicians in all territories, old and new, realize that trade is not war but a process of exchange, that in time of peace our, neighbours are our customers that their prosperity is a cond Jof our own well-being." If, it is declared, we check their dealings just debis power to pur-ichaso our goods is reduced—it is a natural Jaw. Tt is almost unnecessary to point out that restricted im. ports involve restricted exports, ard no ration can afford to lose its export trade. The fact is a simple Jone, but often overlooked. America, [Great Britain, any other large manufacturing country cannot sell to China, to India or any of the less inldustrialized countries of Asia, for example, without India or China
Text read from the printed page and cleaned; old type leaves the occasional error.