One hundred years ago
Mr Chamberlain on Thursday made a very encouraging speech at the Carpenters' Hall. He believes that the time of depression is over, for he finds from the latest returns that 'the enormous volume of our trade continues to roll on in ever-increasing and swelling flood.' The railway traffic has increased upon that of the March quarter by £562,000; the Revenue, as compared with ten months of the last year, has risen 21/2 millions, and of that 11/4 million is due to Excise, — that is, to the capacity of the people to buy luxuries. All articles have slightly risen in price, and the number of projects to be laid before Parliament for investing surplus capital are greater than in any year since 1845, the year of the railway mania.
Spectator, 26 November 1881
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