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shipping and the interest on her foreign investments. But what does cause anxiety, however, is that, relative to the trade development of other countries, her export trade is falling off, without a corresponding diminution of her imports, and that her securities and foreign holdings do not seem able to stand the added strain. These she is being forced to sell in order to pull even. As the London Times gloomily remarks, "We are entering the twentieth century on the down grade, after a prolonged period of business activity, high wages, high profits, and overflowing revenue." In other words, the mighty grasp England held over the resources and capital of the world is being relaxed. The control of its commerce and banking is slipping
