Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-05-23
EXTRAGr FRoM rRE REPORr.

EXTRACT FROM THE REPORT.
4 81 fr Directors IF Hs Chambers Of Commerce,
aud Manufactures 90 Manchester, on Fl
( Iscis ~ iHs administration ~ b.. B78t ~
/ England, upag Ils C1na-r-iu aaI ulag-
/ Joc'wtag Ltrss1 Of bs Country
y. h ha, been shown thsl be Bank uosaan.
+ Ct found Itself IN safe position, then It rs-eau-
meuCed, go 1898, system Of expansion, and ,X
ported par' OF a., stock %, gold. Prices Of the
/ great staples beture euumer.Jrd consequently Nd
ytuced during the wear ls3o ana pant Of 1889,
un'l, II "e have seen, the restrictive policy vas
resumed, the motion ut the crew va, reversed, and
/ down to the present moment, ptce- have again
/ fallen from - ip 30 per cent, ihuS ullci,hg upon
the already pfe>rate trading and mauuhctuun-
interests, repetition 81 The sacrifices Of 1897.
/ %. By these forced expansions and couucuous
Of the currency during the lat three years some
/ Of the most putru. ndvelIby Of ou Merchants
and manufactures haze incurred ,hatuuiu which IN
"A more wholesome and natural state Of the ercu.
/ hlion medium, could ht,al only the reckless adj
yeuturtr or gambler. Under such a state of thing,
a. has been described, calculations, based upon
! lho most enlarged experience, afforded 10 Secuut-
J.. s-alH,t loss and failure. The uadcr ienfu~
the i,te Of his undertakings, not IN the market
Of the w,r'd, as Influenced by the law Of supply
and dfmanc, INT To the acts Of 70 irresponsible
individuals, cuuuGcmg JOINT stock banking as
socla'8u ~ the city % London
2L Hal the heavy paCunmy losses, incurred
by oul CAPITALISTS. constitute mlnof erI, when
compared With shr motal ana social INJURIES M
nc'rd upon the aharug cas-e, by the lo'tr"-
ton. m the cuut.av. The board have directed
their best attention o. this part OF '3e sa"lFC'
the effect. produced upon the condition. o. NE
great mass Of The people, 10y the operations OF
The Biuk Of England, having hitherto bcea az
most entirely overlooked.
2j. The late pane, by causing dtmnuhon OF
exports IN 1887, as compared with the previous
year. to the extent ot ten millions, AND by cwu"I-
NJ ptopoulonally The amount OF our h9me trade
was accompanied by corresponding cessation
OF The demand loT labor. In the sprnI anl SUM-
mer Of that year, vast numbers Of the "otNih-
cll,sss, ~ alt the large towns, were suddenly ar
rnVed If employment, aud thrown npon men
own feeble resources for the subsistence o men
lamhes. Their first resort would naturally be {"
their own reserved iuud,; aud N examining 'hr
reports 1f BE various Savings Banks IN the va
nous manufacturing districts, il has been found
IN Manchester LEEDS, Birmingham, Sheffield,
Stockport. IIeddersticlJ, Blackburn, Bolton and
every other place To which the board have dtTcc-
ted their inquiries that, although the aborng clas
| SEES form bat small proportion OF the dcposlors.
ihe amount of money dawn from these insti'u-
tons IN lS37 exceeded considerably tho sum,
lodged with them N that year. The next and
| only resource Of the working classes, when de.
pryed OF employmenl, TT he parocha poor fund.
But in directing inquiries INTO the amount OF par
l>h rrhe. afforded ~ 1881 as compared with the
previous years the board found that the adoption
Of the new poor law act about that lime, and
! the consequent organization 81 parishes III un-
/ IONS prevented them from uNjtu.ng such com.
PARSONS. In the report Of the poor Iaw commits
,Ioucls, dated lib Jolly, 1897, are however, re-
corded some statements ul facts, which OxhIb Is
/ ia a strong HIGHT the nature Of the evil The
! Commissioners, BEGIN by stating that they were
deferred nrom mukiag an ealcr report because
| Of "Nbe sudden change winch took place IN the
manufacturing DISTRICTS" by the cessation of the
Iu,ual employment, which made them de>fous NJ
| presenting such information as they might he
/ abb" To- collect a, ia the working o. The sistem
under the adser,e circumstances TO when It be-
came So >uddruIy exposed.
! 26. The report states, that N "he greater
! part o. the Important manufacturing communities
of Staff rd, Nottingham and Leicester, ce-Sa-
ton in the demand TOR labor took place N 1887
more sudden IA rs approach aud more extensive
IN lis operation than has been known on any pre-
you, occasion In many places owing to the N
efficiency of the woIk-hadSe accumulation,
/ they Here obliged 70 suspend tie order prohibit.
my uui-ot-deor relief 10 he able bodied"
n. tu Nottingham "aller providing for nearly
/ 100 persons N toe Wptk-hou-e . subscription Of
1900 wa, entered INTO by tn principal uhab.
tant, % the town, and the unemployed opera
uyes we're set to work IN constructing road
through some property belonging to The corpora
lions"
2s. The report contains similar accounts Of
the slate the working classes 30 Coventry, Foles.
hull Nuuealion, Mansfield, and other phases; aPpen-
dcd Is report from Dr.. Kay, upon me condition
Of the Splaihrids viewers. Iu which be states that
scout Of 1000 Ioou's one third altogether dl-u,.
I'd and tina, CERTAIN OF the remaining looms are on
" partially empiayed.' And Mr Murgcr-
udae, iha migration agent, IN q -m,Im fepou
from Manchester, dated July 1897, says the en-
ire trade OF The street wa, all al once paral,z,d,
and dl.,rusl suspended for season almost all
commercial operation
The board have Inspected the various report.
or the charitable bodies Of the time, lot further
facts illustrative Of the effects Of the panic upon
The condition Of the working classes. IN BU-
mjnghun. subscriptions were raised To relieve iHe
d,.,re.. Of tbe almost Unprecedented number OF
unemployed work people Sheffield was divided
INTO districts and upwards Of l5,Q'V feF-ont
we're at ore tue supported by Charity lhe
committee Of the distress 'aud - public appeal
stated that "n hundreds al lamHes, ebddrrE
we're CRYING for food 70 parents unable to give "