"The policy which should be adopted is first to take steps to prevent prices continuing to rise, and then to endeavour to reduce them until the purchasing power of the pound sterling is equal to the purchasing power of the dollar."—Financial Paper.

Judging by the New York exchange good progress has been made in this direction.


THE "HOUSE"-BREAKER.

OVERTHROW OF THE PARLIAMENT OF DEMOCRACY; A DREAM OF THE "COUNCIL OF ACTION."