nostications and ruinous prophe-
cies.
Relative difficulties appear
to him in their fearful aspect of
irremediable crisis; the tempo-
rary loss of markets assumes the
physiognomy of a veritable catas-
trophe.
A fair examination of the
facts, leads to a different inter-
pretation. If there are markets
closed to the sale of our products
as a consequence of the war,
there is, in compensation, a re-
tention of our savings which for-
merly went in exchange for the
articles with which they supplied
us. That which results, in the fi-
nal analysis, is an increase in na-
tional production, with the coun-
try striving to be self-suffi-
cient, at least as long as the
present impediments to foreign
trade exist.
The Government acts not only with the purpose of develop-
ing internal trade, but also of negotiating agreements with cred-
itor nations with the end in view of paying the service of our foreign debts in commodities, reducing these debts on a basis of their exchange values. We are creating industries and pro-
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