shows an output of 110,000 tons of superphosphates, from no fewer than six establishments--Chauny, Aubervilliers, Marennes, Saint-Fons near Lyon, L'Oseraie, and Montlucon. Besides these it possesses salt-works at Art-sur-Meurthe, its iron pyrites works at Sain-Bel, and some important deposits of phosphates at Beauval. These give employment to no fewer than 3,300 workmen, independently of those employed by the company at its various glassworks in the glass manufacture. At Chauny alone the chemical works employ 1,350 of these workmen. For these, as for its glassworkers, the company has established a system of savings institutions and of pensions. Medical advice and medicines are given gratuitously to the workmen and their families. The co-operative association founded by M. Cochin at St.-Gobain has not, I believe, been extended to the chemical works; but the company maintains establishments which supply the chief wants of the workpeople at cost price, and the dwellings provided for them, either gratuitously or at very low rents, now number more than seven hundred, independently of the dormitories for unmarried workmen. Retiring pensions, varying from one-fifth to one-fourth of the wages of the workmen, are granted to all after a certain number of years of service, and to workmen disabled by disease or by accidents. At the pyrites-mine of Sain-Bel, in the South, near Tarare, where more than 400 workmen are employed--300 as miners and the rest in the works above named, the former earning on an average 1,309 fr. 25 c., and the latter on an average 1,114 fr. 90 c. a year--a system exists under which any workman who chooses to put aside his savings in a _caisse de la vieillesse_ receives from the company, when he has completed twenty-five years of service, or has attained the age of fifty-five years, an annual pension more than equal to the amount at that time of his savings in the _caisse_. As I have said, the manufacture of chemical products is not so pleasant or so picturesque in itself as the manufacture of plate-glass and mirrors. Within the last decade the output of sulphuric acid alone from the company's works has more than doubled, and now amounts to more than 200,000 tons a year. The gases disengaged in the manufacture of chemical fertilisers, such as carbonic acid, sulphuretted hydrogen, fluorine of silicium, and so on, it was found at Chauny, destroyed entirely in a very short time the polish of the glass in the window-panes of the houses opposite to the works, and certainly did not improve either the respiratory organs or the general health of the workmen. The company therefore spent a good deal of time and of money in working out a system for the complete condensation of these gases. I am told that it has proved completely successful, and is now established in all the chemical works of the company, to the great advantage not only of the workmen, but of the company also.