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Essays and addresses

I feel that we have really struck rock bottom.

It has been a trying time for man- ufacturers, merchants, financiers and individuals generally but the situa- tion must be faced courageously, just as good Canadians have faced other adverse conditions with faith and courage.

We cannot start upon an upward grade until we get down to fundamentals and to get there losses must be taken courageously and taken promptly.

New goods produced at lower price levels are bound to force the old higher priced goods off the shelves.

The country and its people are sound and Canada has passed through a trying ordeal perhaps better than any other coun- try.