19 JANUARY 1901, Page 3

On Wednesday Lord Rosebery made a speech to the Wolverhampton

Chamber of Commerce which, though sensible enough, contained nothing very striking or original, and was almost without those touches of humour which generally delight his hearers and readers. How was poor John Bull going to defeat his formidable competitors in Germany and America, especially as in America people seemed to like making huge fortunes, not in order to spend them, but in order to be able to roll the snowball still bigger f Yet these vast accumulations of capital in a few hands were a great aid to the development of commerce. There was, of course, the inevitable complaint about the British commercial traveller's want of intelligence, and Lord Rosebery proposed to meet the difficulty by getting Chambers of Commerce to send young men abroad by means of travelling trade scholarships.