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naval supremacy will follow, unless held on sufferance by our successful rivals."
And the Edinburgh Evening News says, with editorial gloom: "The iron and steel trades have gone from us. When the fictitious prosperity caused by the expenditure of our own Government and that of European nations on armaments ceases, half of the men employed in these industries will be turned into the streets. The outlook is appalling. What suffering will have to be endured before the workers realize that there is nothing left for them but emigration!"
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That there must be a limit to the accumulation of capital is obvious. The downward course of the rate of interest,
