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The Times has the following leader on the strike We are sorry to find that once more there is a Strike in the London Building Trade. The letters which have lately appeared in our columns from the Secre- tary of the Master Builders of London and from the Secretary of the London Operative Stonemasons, though they differ in some-important particulars, leave us in no doubt as to this. The facts of the case, as far as they are agreed upon by both sides, are as follows —The London Masons, at the beginning of the present year, gave notice to the Masters that from the 30th of July they would insist upon an advance of wages and a reduction of 2 hours in the week's work. The former demand they justify by the state of the building trade; the latter by an alleged difficulty they find in getting to their work at a sufficiently early hour. The Metro- politan Railways do not, they assert, run trains at a time to suit them. They will begin their work, there- fore, as soon, and as soon only, as the Railways will carry them to it-that is to say, half an hour later than the time at which they have begun hitherto. To the demand for an advance of wages the Masters' Asso- ciation has returned a decided negative. The state of trade does not, in the Masters' opinion, warrant what the men have been asking for and, accordingly, they are not prepared to grant it. To the demand for shorter hours of work the reply has been in the nature of a compromise. If the Masons will continue working half an hour later in the evening, and will induce the brick- layers and carpenters and other trades to do the same, the Masters will open their works half an hour later in the morning. offer the men have refused to lis- ten to, and have stood out for their original terms on both points of disoute. How far, if at all, the Masters have given way, and what number of Masons are at work in London on their own conditions, we are un- able to state precisely. The statement on the one side is that only two firms have made the concessions required of them. The statement on the other side rises the number first to 55 and then to 90. What is certain, on either showing is that there is a Strike, and a TI expei:)sive Strike, in the London building trade, and that it is not likely the Masters and men involved in it will be able to come very speedily to terms. In such cases as this, the first question that will present itself is, which side is in the right ? Our answer must be given partly by an examination of the arguments advanced on both sides, and still more by the opinion we may form of the way in which the dispute is likely to end. Let us take first the demand u men for shorter hours of labour. The reply of the Masters to this seems on the face of it perfectly fair and reasonable. The alleged difficulty of the Masons in getting to their morning's work wiil be felt equally by all the kindred trades. If there are no trains for Masons, there will be none for carpenters or plasterers, and a shifting of hours will, therefore, be an equal convenience for all. The refusal of the railways to run early work- men s trains is another matter. Such trains are every day becoming more necessary than ever. A large and increasing number of the working classes of London live at a distance from their work. and our wish is that they should do so, and should have every facility given them for doing so. They and their families can be better housed away from the crowded streets and alleys of London, and we regret exceed- ingly that any obstacles should be placed in the way of their enjoying advantages of this kind which would otherwise be open to them. But, taking the facts as we find them stated by the men and admitted by the reply of the Masters, we cannot but judge that the compromise offered is a fair one. There is no com- plaint made that the hours of labour are too long, but simply that they are inconveniently timed. The arrangement for altering them by half an hour at both ends of the day is surely one that might easily be agreed upon and carried out. The various trades, we may be quite sure, understand one another well enough, and could act in concert under a pressure which applies equally to all of them. The bare demand for a shorter daj^s work i# equivalent, of course, to a further demand for increased wages. Since the Master's plant could not be suffered to remain idle, there would be more work done overtime, and at a higher rate or pay accordingly. This, then is what the London Masons are really asking for, both directly, and indirectly, and the question arises whether the present state of the building trade is really such as to admit of it. The building trade must, if so, be a singular exception to all other trades. In all parts of England we hear of less demand for labour and more difficulty in obtaining full employment. In the United States, the old refuge of the English working men the change is even more marked. Where it was once easy to obtain full work and high pay it is easy now no longer. Every department is overstocked with hands. If the men strike, there is no difficulty what- ever in filling up the places of the absentees. There are a dozen candidates to be found for each vacancy, ready and willing to accept work on such reduced terms as may be offered them. The late Railway Strike in Pennsylvania and elsewhere is proof of this. The violence with which it was conducted and the outrages which attended it were simply the last despairing efforts of men who were unwilling to confess themselves beaten. The consequence of all this is that the tide of emigration has even begun to turn, and that working men are coming back to England over the great Atlantic high road, which a few years ago they so hopefully traversed in the other direction. In the face of facts of this kind the policy of the London Masons must appear singularly inopportune. They have made their demand for increased wages at a time when in most other departments of trade the men aie submitting to worse terms than before. They can scarcely hope for an exemption from the common lot. When there is a general need felt for cutting down expenses and saving money there will be less money ex- pended on houses as well as on other things. There will be a shift made to put up with worse house accommoda- tion. Families will pack more closely, or will indulge themselves less in the luxury of more house room than wiey require. The effect of this sort ot contraction has not been felt quite as soon in the- building trade as in some others, but there are already signs of which it is impossible to mistake the meaning. Mr. Goolden points to unlet property in the City of London to the value of half a million sterling, and to whole streets of unoccupied houses in the suburbs. Where, he asks, isthe briskness of demand which the men ought to be able to show before they can expect their claims to be conceded? Mr. Nisbet, it is true, speaks confidently, on the other hand, of the prosperous state of the building trade, and asserts that prior to the Strike more Masons were employed in London than for some years previously, and that many Masters could not obtain as many men as they required. This assertion Mr. Goolden partly traverses and partly explains away. If there was full work for all hands in London, it was only, he alleges, because the supply of hands was purposely re- duced by the Trade Societies, or because many of the best hands had withdrawn from London in order to escape the impending struggle. Time will prove which iiintheright. We can only say, meanwhile, that the facts to which Mr. Goolden appeals are the more obvious and palpable, and that they agree better with what we know of the state of trade generally in this country and elsewhere. If the state of the building trade is really such as the men allege it to be, and such as their policy implies that they believe it to be, the advantages they are con- tending for might be obtained more peaceably. If there is employment ready and waiting for more Masons than can be found in London, the wages of Masons' work will rise necessarily, and they can take the benefit in amy form they may prefer. It is clear, at the same time, that the Masters do not accept this view of the situation, and they have at least as large an interest at stake and as good means of arriving at a correct judgment. Strike or no strike, the old law of supply and demand will assert itself with unfailing force. If more men are needed than can be found. the men will be able for the time to sell their labour on their own terms. If the labour market is overstocked, the men must compete against one another for such terms as the masters can be in- duced to offer. The prospect of higher or lower profits, and of higher or lower wages. will attract or drive away capital and labour from the business, until an equilibrium has been at length found and an average rate arrived at. It is the public, after all, which is the chief sufferer from these, incessant trade diputes. The masters, we may be sure, will neither suffer their capital to remain idle if they ean use it to advan- tage nor will they keep it in a business in which they can employ it only on terms too unfavourable to them. It is on the occupiers of houses—that is to say, on the community generally-that the real pressure comes. It is they who have to bear the consequences of trade conflicts. It is a very grave responsibility the men are taking in deserting their post and refusing their services. We will not say that such conduct could in no case be justified, but we maintain still that either a Strike or a Lock-out needs a very, special defence, and that it is far too lightly resorted to and too readily assumed to be a legitimate trade weapon. If the present state of the building trade is such as the advocate of the men asserts it to be, the refusal of the Masters to make concessions is Eimply insensate and inexplicable. But if the Masters, after all, are in the right, by what fitting terms are we to describe the policy of the men ? 0:>

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DISASTER ON LAKE MICHIGAN.

LICENSED PRIVATEERING.

MR. GLADSTONE ON GENERAL POLITICS.

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DEATH OF DR. CONNEAU.

EPITOME OF NEWS.

THE MARKETSJ --

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THE STRIKE IN THE LONDON BUILDING…