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THE PROPOSED VISIT OF CETYWAYO…

CROP PROSPECTS IN THE UNITED…

,OIL ON BREAKING SEAS.

[No title]

v OUR BRONZE COINAGE.

OPENING OF A PUBLIC PARK FOR…

A MODERN ARCADIA.

THE RELATIONS BETWEEN CAPITALI…

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THE RELATIONS BETWEEN CAPITAL AND LABOUR. There were several thousand pleasure seekers at Wilton Park, near Salisbury, on Monday, the Earl of Pembroke having thrown open the whole of his magni- fioent grounds to the public. His Lordship presided at the annual dinner of the Wilts Friendly Society, at the Pembroke Arms, Wilton, and in proposing Success to the Society," said that indirectly they benefited themselves from these societies, which had not received that amount of notice which perhaps they deserved. As they were aware, all over the civilised world, the relations between capital and labour, between employers and employed, were considerably strained, There was a very natural feeling amongst the working classes all over the Continent and all over the civilised world that they did not share suffi- ciently in the profits of the labours of their hands. This feeling was taking various forms, and was as- suming a dangerous attack upon the capital class of the country. Such a manifestation of feeling was extremely dangerous and mischievous, because if the whole of the capital of the capitalists were confiscated to-morrow the working classes would not be better off, but worse off. It wuuld mean that their savings had been dissipated, that capital had been got rid of—by which capital enterprises were undertaken and employment for labour was found. His Lordship expressed the belief that the arrange- ment which would effectually put an end to this anta- gonism between capital and labour was co-operation, and expressed also a belief that the day would soon come when workmen would, by being mem- bers of the Co-operative Industrial Societies, be their own employers. He instanced the Rochdale Pioneers, who commenced with the small capital of £28, and had increased their business to thousands. Such societies as the Wilts Friendly were, he said, training the working classes for the practical manage- ment of financial business, of which they had hitherto been ignorant, and they met with his very cordial support, l Hon. Sidney Herbert, M.P., presided at a similar gathering in the neighbourhood.

THE DEPRECIATION OF OUR GOLD…

CUTTINGS FROM AMERICAN PAPERS.

[No title]

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