Part 2 — CHAPTER VII.
Reading edition
CHAPTER VII.
THE BOOM DECADE (1880-1890).
A Great Boom Decade.—Causes of Inflation of Values.—Excessive Rating Valuations.—False Basis of Assessing Capital Value.—Prodigality Succeeded by Financial Stringency and Collapse of Boom.—Difficulty in Determining Real Values.—Sir Hugh Nelson's Legislation.—Sound Finance.—Stability of State.—Prospects Good To-day 54-56