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THE INDUSTRIAL DEPRESSION.

TO THK EDITOR. Sir, —Your correspondent, Mr. R. D. L. Duff an has broached a question of vital im portance Co this and every other community, and 1 quite agree with him, that no permanent improvement in prices can be expected until some raciioal change takes place in our currency laws. The conolusion is logioal, that all values must continue to shrink lower and lower in precisely the same proportion as gold our standard of valueappreciates from its ever-growing scarcity. The moment the electors realise this stubborn and indisputable fact they will instantly rise like one man from the North Capo to the Bluff, and demand that this subtle and mysterious problem upon which the very life of trade and commerce (and I may add the existence of the people) depends, be sifted to its foundation.—l am, Sc., J. K. McDonald.

Raglan, lot Ootober, 1887.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH18871005.2.9

Bibliographic details

New Zealand Herald, Volume XXIV, Issue 8065, 5 October 1887, Page 3

Word Count
148

THE INDUSTRIAL DEPRESSION. New Zealand Herald, Volume XXIV, Issue 8065, 5 October 1887, Page 3

THE INDUSTRIAL DEPRESSION. New Zealand Herald, Volume XXIV, Issue 8065, 5 October 1887, Page 3