THE POLITICAL OUTLOOK.
lilt- I UUI I u vw . (To tho Editor of the Times). Sii-,—Ji was witli no little satisfaction I read"' Mr Sievwrigbts letter on “Mr I'-hiUoberluin mid pureimsing power -’ in vo,,r columns. l’or lucidity of expression ' ai; ,| strength and weight cf matter, it c ui llt nelly be excelled. Would that the nil public, must of whom aye men and women possessing electoral privileges, would Mvo ear to such words of wisdom as those addrerred to them by our respected fellow .townsman, Among other things he alluded to so thoughtfully whs an injudicious iorin ot patriotism,“ while commending the true a-.-ticle. As an instance of how our nation derives financial benefit from aggressive wars, the following clipping from the New York World of recent date may be considered not inappropriate During the Spanish American war, the Spanish bonus sold below 30. At the same time British bonds reached the maximum of lloi-b, having gained on an average more than a point a year since they were “ converted 1 in ISSSSoon after peace was declared 1 Spain found her credit unexpectedly and ■neatly improved, in the year 1902 Spanish i bonds'rose to Old 4. In tiie meanwhile I Great JMtain was engaged in the Boer ■ war, and her securities swelled in volume [ by the cost of killing. As a result during - the vrar of 1902, Great Britain’s bonds led 1 the Spanish four’s by only two points, and , the British bonds have recently declined • below GO- well beneath the Spanish ' maximum. The World well- says that y « som e victories cost more than some doe feats.”—l am, etc., f Obskkxeii.
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Gisborne Times, Volume IX, Issue 905, 1 June 1903, Page 3
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272THE POLITICAL OUTLOOK. Gisborne Times, Volume IX, Issue 905, 1 June 1903, Page 3
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