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borrowing State, should be paternal or even grand-motherly, as compared
with the purely business-like attitude of a banker to a local borrower
There is yet another reason why the attitude of an issuing house, to a
borrowing State, should be paternal or even grand-motherly, as compared
with the purely business-like attitude of a banker to a local borrower.
If the […]

an annual income of about 800 a year, living on 600 of it and saving
200
Let us consider the case of a doctor in a provincial town who is making
an annual income of about 800 a year, living on 600 of it and saving
200. Instead of spending this quarter of his income on immediate
enjoyments, such as […]

Mr Kitson”s answer is much easier. According to him, instead of
working better, organising better, and putting more of our output into
plant and equipment and less into self-indulgence and vulgarity all
that we have to do to work the necessary reform is to provide more
money and credit. Since, he says, under the industrial era–

It is untrue to say that we were unprepared for the war. We were
more than prepared to do all that we promised to do. What we were
unprepared for was finding ourselves required to turn ourselves
into, not only the greatest naval Power in the world, but one of the
greatest military Powers also. This demand was sprang […]