The Fiscal Question

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The Fiscal Question
Andrew Bonar Law
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But every one knows that, taking both the home and export trade into account, the prosperity of Germany and the United States has been infinitely greater than the prosperity with us, and, more than that, that a large part of our expansion is really due to the wonderful prosperity of those countries, which has lessened the severity of their com- petition with us both at home and abroad.
THE FISCAL QUESTION 103 As an illustration of the kind of thing which our opponents have been saying I shall g
...ive you one example, a statement made by Mr. Lloyd- George at the Colonial Conference. He compared the expansion in two particulars of the trade of the United Kingdom with that of the United States. In spite, he said, of the natural gas in America which enables one or two men to do the work of a score, we were beating the Americans out of the field. Now every one knows that natural gas did play an important part in the early industrial life of Pittsburg, but I thought that every one knew — though apparently the head of the Trade Department of the United Kingdom does not know — that for practical purposes that gas is exhausted and no longer counts.

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