Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY, AUGUST 18, 1884. ENGLISH CAPITAL.
"Strange as it may appear, 11 says the London Engineer , " England is badly off, because she has too much capital. We use the word m its fullest sense, and do not restrict its application to money alone. We are rich not only m money, but m taw materials, tools, machines, factories, plant, and labor. This last is very cheap, abundant, and on the whole, good. But it is difficult to earn a living either by labor or by investment of capital. Hundreds of millions are comparatively unpro-
ductive; and those who posses them anxiously seek for any opening which gives a prospect that more than 2| to 3 per cent, can be had for money. The result is bad trade."" Now would be the time to float our intended fresh loans ?
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Bibliographic details
Manawatu Standard, Volume IV, Issue 223, 18 August 1884, Page 2
Word Count
149Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. MONDAY, AUGUST 18, 1884. ENGLISH CAPITAL. Manawatu Standard, Volume IV, Issue 223, 18 August 1884, Page 2
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