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Denman's exchanges, as in those of little Agnes, the same peculiarity was to be remarked, an undue preponderance of that despicably common stamp, the French twenty-five centimes.

Gambling contracts may be forbidden only in specified places, such as stock exchanges; and the buying of futures may be specially permitted to favored persons, such as actual manufacturers intending to use the goods; and both such statutes will be held constitutional and not an undue interference with the liberty of contract.

There is a vast commerce of ideas; there are marts and exchanges for intellectual discoveries, and a wonderful fellowship of those individual intelligences which make up the mind and opinion of the age.

None of them wished to call in arbitrators or executors; why go to that expense? So, the bickering and wrangling, the insults and tears and sneers went on from day to day. At last they settled the whole matter by lot and by a series of easily arranged exchanges where the results of the drawings were unsatisfactory. Peace was restored, but not liking.

The French had the better in these exchanges, receiving able-bodied men, and returning, with the exception of Davis, only women and children. The heretics were gone, and Quebec breathed freely again. The number of regular troops in Canada by the roll of 1689 was 1,418. Nothing had since occurred to greatly diminish the number.

No effort will be spared to enlarge its advantages by seeking the removal of needless impediments and by arrangements for increased commercial exchanges. The year's events in Central America deserve more than passing mention.

In his hands have fallen many stragglers, who, it is true, were of very little use to us, but who would count as well as true men in the Rebel lists of exchanges of prisoners.

A fourth office for lending money upon land securities at 4 per cent. interest, by which the cruelty and injustice of mortgagees would be wholly restrained, and a register of mortgages might be very well kept, to prevent frauds. A fifth office for exchanges and foreign correspondences. A sixth for inland exchanges, where a very large field of business lies before them.

But it may be said, "Your plans include other expenditure besides the Navy and Old-age Pensions. What about Insurance, Labour Exchanges, and economic development?" Those objects, at least, it may be urged are not inevitable or indispensable.

By this principle, the man who takes possession of a field, and says, "This field is mine," will not be unjust so long as every one else has an equal right of possession; nor will he be unjust, if, wishing to change his location, he exchanges this field for an equivalent.