Abstract

Editorials
November 28, 1907 issue

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The article presents information on the political and economic updates of the world, as of November 28, 1907. All experienced financiers admit that the change for the better in the general position of the U.S. banks has now made such progress that resumption of full cash payments by depository institutions is in sight. Conferences between the bankers of New York and Chicago, Illinois, have been in progress, with a view to concerted hitting of the embargo on the movement of currency, and the clearinghouses of other cities are asked to cooperate. Australia, the great political experiment station or the modern world, now purposes to show what can be done with the principle of protection carried to its logical extreme.

See Also:

ECONOMIC development; POLITICAL development; UNITED States -- Economic conditions; CAPITALISTS & financiers; BANKS & banking -- United States; AUSTRALIA -- Politics & government; AUSTRALIA; UNITED States
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