ALL MUST WORK.
AN ECONOMIST’S PREDICTION. Paris, July. 22. Leroy Beaulieu, an eminent economist, has just delivered a lecture upon the conversion of the French 3)4 per cent, debt into 3 per cent, bonds. He showed that the rate of interest is constantly decreasing, and predicted that in the next twenty-five years capital will be glad to get 2 per cent., and that fifty years hence such first-class securities as Government bonds and railway securities will bear I per cent, interest, “ which,” said the lecturer, “ will compel all except the very largest capitalists to work for a living, and the leisure of the class of people now called well-off will be abolished,' 1
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Gisborne Times, Volume VIII, Issue 510, 5 September 1902, Page 2
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113ALL MUST WORK. Gisborne Times, Volume VIII, Issue 510, 5 September 1902, Page 2
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