| Show FINANCIAL pana IMMINENT IN EUROPE industrial depression labor troubles bles and financial irregularities are increasing in england in the preston cotton district the manufactures and their operatives are at war the former owing to stagnation of the cotton industry are trying to pull down wages while the latter are in favor of maintaining the present wa WR erate but advocate curtailment in production the workingmen knowing that depression really exists would abber at her work halftime balf time and live in hi of improvement than submit to a uc tion which would be maintained a business reaction occur no doubt the in the business affairs of the birkbeck Birk beok bank is attributable to the hard times among the working classes the building societies of england and the financial et establishments connected with them are the outgrowth of the work of the famous dr birkbeck of yorkshire who took a prominent part in the advancement van cement of the wa garners wage earners of england these associations were admirably conducted and until this recent crash were looked upon as aa behag b e ing as ai safe a as the bank of england the thrifty abid economical members working men and small traders were almost exclusively the patron patrom for the past two years yeara the manufacturing interests inte reato of england have been going down curtailment in production mont strikes strike and falling wages wage have reduced the incomes income of wage earners this depression enlon acted on the small email storekeeper and trader trade men who were dependent on OB the wage workers wor kera stocks stock in in building lecig tiona eions could not be retained and the result la is the collapse which come came a week ago and strewed the large towns and cities of the country with the ruins ruina of once flourishing flouri ehing building and loan societies Bocie ties of course this dimter Is IB preliminary to still greater calamities liea whatever affects the worker soon overtakes the capitalist En glanda exports are falling off while her imports importe are increasing for seven even months montha of this year her inome in grata grain alone was over the corresponding period of 1891 1691 the wheat bill for july last laet was in live animals anima lR meat butter aiese cheese and eggs the imports for the current year in england show large over those of last year |
