Into the markets of the world went the British Treasury and in a few days the government was in command of an eighteen months' supply of sugar for the whole of Great Britain.

Down went the price of sugar in Germany, and now the government is taking measures to restore prosperity to her sugar interests by a reduction in beet-sugar plantings.

The English government is selling sugar in England at a loss, as a war measure, and will not permit sugar purchases in any country where Germany sells her sugar.
Nothing but the strain of war could have induced the Bank of England to count a hundred million dollars in gold sent from New York into Canada as a part of the Bank's metal reserve.
There is now no reason why this relation should not continue.

Why should fifty or a hundred million in gold be sent across the ocean in the spring, to be returned in the fall?
The world is going to be still more a unit in finance hereafter.

It has taken a generation to educate the world to the right of the individual in the common fund of money, so far as money is needed to effect transfer of credits.