28 DECEMBER 1878, page 9

One Impediment To A Revival Of Prosperity.

O NE thing unexpected comes out in this long depression of Trade. The old economists did not allow enough for the friction which impedes the flow of capital into new channels.......

The Unrest Of The World. T He Note Of The Civilised

world at this Christmas-time is unmistakably unrest. But two great countries may be pronounced fairly happy, and they are both Republics. The people of the United States are......