28 JULY 1923, Page 2

Mr. Baldwin ended this • speech, which • was none

the less memorable because the note of rhetoric and flam- boyance was rigidly excluded, by insisting that we must still tread the road of economy, of debt reduction, of sound, prudent and careful finance, and, above all, the maintenance of credit. That is perfectly. true. If we added the corollary that credit largely depends upon political and social 'stability at home, and that stability at home means getting rid of unemployment, we feel sure that such a corollary would have the approval or the -Prime .Minister. As a whole, the speech shows the wisdom of those who have; backed Mr. Baldwin. They have -backed a winner, as weTbelieve—a straight runner, as we know. * * * *