over the management of their funds: it is their own fault if they join a commandite company where they are not allowed to inspect the books, and check rashness or extravagance. It seems to be frequently the case, that a set of able workmen, in the kind of artistic manufactures for which France is celebrated, become the _gerants_ of such companies. This, we believe, is a form in which whatever element of good may happen to lie in the co-operative theories of a recent school of Socialists will be found. The commercial witnesses before the select committee, spoke of ribbons and other ornamental manufactures, which were only produced in perfection in establishments where the energies of the designers were roused by the possession of a share in the business, and in its management, as _gerants_. Coinciding with these practical witnesses, the theorists on political economy who were consulted on the occasion--such as Mr Babbage and Mr J.S. Mill--held that many inventions that might be patented and used, and many ingenious discoveries made by men of the operative class, were lost to the world by the defective state of the law. They would often get those who, richer than themselves, have reliance on their judgment, to aid them in carrying out their inventions or improvements, were it not for the law of unlimited responsibility. We can even anticipate, from anything that will facilitate fruitful investment by the working-classes, a still wider--we might say, a political effect. The chief defect in our otherwise sound social system, is the want of fusion between the class of employers and employed. As some other countries are subject to the more serious evil of being without a middle-class between the aristocracy and the common people, so we want a sub-grade, as it were, between the middle and the working classes. It is too much the practice to consider them as separated from each other by interests, tastes, and feelings. It is, on the contrary, the real truth that their interests are indissolubly united; but if there were a less broad line separating them from each other, this would be more apparent. The true way to fill up the gap happily for all parties, is not for the middle-class to descend, but the working-class to rise. Nothing could better accomplish this, than imparting to them facilities for entering into business on a small scale on their own account. The hopelessness with which the workman looks at the position of the employer, as that of a great capitalist, would then be turned into hope and endeavour.