"When we consider that all these manufacturing establishments which one sees in Greece are the work of a few years, we shall learn with interest what progress has been made in so short a space of time, and so much the more so since all this is due to individual enterprise, to the association of capital, and to competition, that universal condition of the progress of nations as of individuals. The various manufactories in which steam-power is employed, distributed among the different towns in the kingdom, have been founded since 1863; their saleable value is over £1,000,000 sterling. They spend £1,600,000 in raw material, about £100,000 in fuel, and turn out products of the value of nearly £2,000,000. Seven thousand three hundred and forty-two operatives, male and female, are employed in these establishments, which, under the impulse of the national industry, are multiplying and developing themselves daily with considerable rapidity. Again, it is a Greek, an Epirote, Evangeli Lappa, at whose cost have been instituted, under the name of [Greek: Olympia], exhibitions of agriculture, and manufactures every four years, in which, conformably with the fundamental statutes, all the products of Hellenic industry are to be represented, and particularly its manufactures, its agriculture, and cattle-breeding. A magnificent palace, erected expressly for it at the cost of the generous founders, is destined to receive, when finished, the fourth exhibition of the [Greek: Olympia]." In common with agriculture and manufactures, trade is likewise making considerable progress. It is to the commercial spirit of the Greeks, of which traces are everywhere seen, that we owe the considerable extension which commerce has undergone in Greece since her national regeneration. Her general trade shows the following figures:-- Year. Imports. Exports. 1865 £3,196,403 £1,775,775 1874 4,261,870 2,663,662 The spirit of association, under every aspect, is the secret of human progress and development in modern times. In Greece this idea, essentially human, of association has not yet realized the grand results in the way of progress which we admire in the rest of Europe. The poverty of the country, recently delivered from general destruction, is, doubtless, one of the chief causes of this. However, since the year 1868, a great impetus has been given to our national life in respect of association. The first company was formed in 1836. From that time to the present 144 joint-stock companies have been created at different dates. Of all these companies there remain at this day fifty, witnesses to the vitality of the country, and to the constant progress of Greece. This fact is still more clearly affirmed by the operations of the National Bank of Greece.