The advocate., 1895-11-27
THE BUSINESS DEPRESSION IS EVERY.
WHERE PREVALENT.

/ WAAA1AsI AAHN EA1AA~fAe
There Is the same depression in ag.
riculture and in business generally in
Europe as in America, and it is eYi-
IDENTIFY everywhere owing to like causes.
Wherever the gold standard prevails
it is sure to do its deadly work. Wher-
ever it is found you will find the mort
gage and an overwhelming burthen of
every form Of nterest-besring debt.
You will find wealth concentrated in
few hands. You will find the re-
sources of nature and the instrument
tslities of production and of commerce
monopollzed. Labor-ssVing machinery,
which should contribute to the benefit
of the lsboring classes, is owned and
employed by capitalists to displsCe
men and to add constantly to the mul-
titude of enforced ldlers and to the
sum of destitutiou and human misery.
The problem Of debt payment and of
the employment of idle labor is every
where pressing for solution. Partisan
prejudice is likely to retard the solu'
tion in this country until others lead
the way. Old England may yet fur
nish America an example by the sdop-
tion Of rational system of relief for
her people. True the plan she proposes
has many advocates in this country,
but they labor under the disadvantage
that they are neither good Republicans
nor good Democrats, and therefore the
plan has little prospect of adoption
here until the people know enough to
consult their own interests in prefer
ence to the interests Of corporations
and coupon clippers. From London
dispatch of November 16 we clip the
following proposed measures of relief
to the farmers and the Workingmen:
LONDON, November 16-Mr. A. J. Balfour
made five speeches I'm Glasgow, on Thursday,
but he contrived to avoid making the slight.
est reference to the governments program at
the coming session. Sir Michael HIcks-Beach,
Chancellor Of the Exchequer, speaking at
Bristol, vaguely promised the earliest possible
consideration OF measures for the relief Of the
agricultural depression.
Sir Robert Peel in speech at Tamworth de-
clared that the government intended to con-
solidate and take over all mortgages on land
by lending money to landlords at 8 per cent,
thus enabling them to save 2 per cent, as
most landlords have been obliged to raise
loans at 5 per cent. The scheme, according to
Sir Robert, has the support of several Of the
Ministers.
The Westminster Gazette describes the meas
ure as a landlord Cabinets bill. Such bill
would certainly be the salvation Of many
landlords whose properties are heavily mort
gagged, but 1T would require the governments
full majority OF $50 to pull It through the
House of Commons.
Sir Matthew White Ridley, the Home Secre-
tary, promised deputation Of trade unlonists
few days ago that the government would in
troduce an employers liability bill, giving
workmen compensation for every accident
that befell them in the course Of their labors,
with the Tory's iavorite nullifying clause en-.
abling workmen to contract themselves out OF
every right under the bill
These measures, with an Irish land bill, now
form the fixtures for the session. The Ministers
desire to postpone for another year the de-
nominational education trouble.