With a clear majority won at the recent elections, with a slight improvement in the situation at Barcelona and a less expensive policy in Morocco, and with Senor Gasset, champion of irrigation, in the Cabinet it might be expected that the Liberal Government would devote all its energies to balancing the Budget and initiating the public works about which so much has been said and written. Unfortunately the main question with which the Government will be concerned is retrospective. Public opinion i demands that certain politicians should bet impeached for the T"Morocco disaster; the politicians contend that the' Army alone is sponsible, and would drag General Bevenguer from the Senate to be court-martialled. The truth is the whole nation was responsible for the neglect of hich has since been nobly re-grieved.
Meanwhile, it must not be ined that Spain's progress is at a standstill. {ts agriculture is improving, its great cities are constantly being developed, the abundance er electric here is a source of nations. The he total pre-war revenue, it " is large, approach-and the balance of trade after being very favourable for four or five years has swung round against Spain, the imports exceeding the exports by 1,291 million pesetas in 1921 and 1,583 million in 1922. But the country is immensely rich; the private fortunes made since 1913 are large and numerous, while the peasant has never before had so much ready money in his pocket,
Text read from the printed page and cleaned; old type leaves the occasional error.