Show OF titer there 0 is no lie doubt judging by the reports t that hat are coming in from all parts parta of the worl dand especially englan England d but that there ii 1 a general stagnation in fix trade and that tile the people aro are suffering from an industrious depression novel in I 1 its is kind A dispatch dated the horn from manchester in england Un gland says bays that tile alio tone of the cotton market is flatland hat fla and tAnd such auch Is ia the general report from other oilier manufacturing nations overproduction over production seems to lo prevail all 11 over england ln gland with generations of skill in mechanical employment wit wim the first to establish the factory getem system and institute a new industrial order of it i ings in which the division of labor became more end and more an important fact factor or she controlled control leil also the exchange of tle tl 0 world in her insular position sho aho was aa alia able to make the world A orld pity pay to her by compelling tile the produce of the world to pina pass through her lianda hands either cither in kind or in settlement battlement of balances balanc LS with these immense advantages and having the control too of raw materials in abundance it was natural a I 1 that eng land should seek beek to supply tile world manufactured products this sit she S was able to todo do with wil litho the aid of her ter ski skill 11 of her science of 0 rapid transports transportation I 1 n which she did much to develop del elop a and nd of the vast capital she posse post possessed essed 13 sed enable enabling ing lier her to carry on great enterprises so her ambition was natural and legitimate and her great prosperity pro came to her without regard to any commercial system which site might have established ltd in spite of liei her commercial systems the trade became to her ter a necessity bof sold bold to tile world berhanu her manufactured ac products and the world had few manufactured products to sell to her with tile the constant increase of equipment tocarra out her industrial polity policy elig land at last found herself fraeli li on oil account of the course of other na tiona with a plant altogether too largo large for the demands demand made upon lier her and with a capacity clentho dent to supply not only at al jerown her 0 n homo home and colonial in a treat great share of the other markets of the world tile the united states after the war of the revolution iti tion found that political freedom only had born been secured as to result of tile the war lilily this country was under ithe the control of great britain it became essential to establish a commercial system which it was thought would enable our industries to become gradually free from the industrial control of england this policy lias has with low few interruptions boon been pursued to the ha present time foreign producers of manufactured goods have gradually lost the american market and the ho american producers have gradually found themselves I 1 iu 1 I tion to supply the tha home demand S stimulated limu in this direction the united states has haa gone on oil perfecting machinery duplicating plant crowding the market with products until today to day this country Is ia in the exact position of Eil england gland wi with th productive captivity capacity far in excess of 0 the demand upon it and her industries as those of great britain stagnated tile the wages of labor reduced prices lowered and the manu manufacturers fact aaers and the merchants trying to secure an outset for surplus goods title this condition has been reached under a s system the reverse of that which has prea pre lied in england and while stimulation has bee leon 11 enhanced by the system pre prevailing v ailing here the condition hasteen has been V reach each oil ad in ol of it 1 ranee e ni at first drawing her skilled workmen from england and tardy in the establishment 0 of f the factory system at lost last concluded sho she ought to supply lier her onn on markets at least and so began war on british industry wih a natural ambition to su supply aply her own markets she alie has carried the stimulation so far that she lina nut not only ly secured the capacity to supply herself but has a vastly enhanced capacity all and d Is seeking to supply others today to day france finds herself her through lier her policy in precisely the same industrial situation that attends ci reat ecat britain and america germany has followed the example of 0 F trance rance and the united states and with precisely the same ro results but it if the old adago adage can be relied on that there is always a calm before a a form we trust a change bill take place that the calm calin on the ocean ma may y give place to a of trade that will give employment to v lie ho are now idle and give ivo it renewed im pettis to tile development of soine 8 a almost dormant industries |