The Black Swans 



tive trails that may lead ultimately 

 to national progress. 



The subject of our commercial re- 

 lations with the world at large is one 

 that has always appealed to my imag- 

 ination. My personal activities have 

 dealt mainly with questions relating 

 to the production and marketing of the 

 products of the farm rather than those 

 of the factory, but there is such an 

 intimate and undivorcible relationship 

 between the two, and such a vast 

 field for the exchange of vital inter- 

 national concessions in arranging our 

 affairs with other nations, that not 

 even the delights of Dumbiedykes 

 shall ever bring my interest in that 

 subject entirely to an end. And as 

 the close of the great war comes in 

 sight, who shall deny the fact that 

 the business readjustments between 

 the nations, rendered imperative by 

 the financial and industrial earthquake 

 through which we are passing, shall be 

 a matter demanding the thoughtful 



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