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On New Year's Day, 1943, G. H. Bondy, head of the great Metallo-Electrical Company, was sitting as usual reading his paper. He skipped the news from the theatre of war rather disrespectfully, avoided the Cabinet crisis, then crowded on sail (for the People's Journal, which had grown long ago to five times its ancient size, now afforded enough canvas for an ocean voyage) for the Finance and Commerce section. Here he cruised about for quite a while, then furled his sails, and abandoned himself to his thoughts.
"The Coal Crisis! " he said to himself. "Mines getting worked out; the Ostrava basin suspending work for years. Heavens above, it's a sheer disaster! We'll have to import Upper Silesian coal. Just work out what that will add to the cost of our manufactures, and then talk about competition. We're in a pretty fix. And if Germany raises her tariff, we may as well shut up shop. And the Industrial Banks going down, too! What a wretched state of affairs! What a hopeless, stupid, stifling state of affairs! Oh, damn the crisis!"