Mr. Baldw in went on, in a passage which should
be marked by anyone who is doubtful as to the Prime Minister's economic views, to insist that credit alone cannot restore the trade of the world and cannot alone give us that export trade which we need. Export trade, no less than home trade, whatever financial devices may be arranged and secured, comes doWn, he declared, in the end to there being a man in some Country in the world who will buy what we make, and, having bought it, can pay for it. We hope and believe that we are not wrong in saying that this means that Mr. Baldwin has freed his mind . from that dangerous. delusion that it is countries which trade with each other and not individuals. Trade is always, as he says, a matter between man and man—is made up, that is, of millions of individual transactions. From this there is only one step to the great principle that he who buys not neither shall he sell. Every pound or ton of goods that is sent here is an order for goods to be made to be sent out to pay for it.
