annual increase, in peace time, is 9 or 10 per thousand, so that it may be some time before an equilibrium is reached. But if our predictions are sound, a positive decrease, and probably a rapid one, is likely to follow. For our ability to exchange our manufactures for food will grow steadily less, as the self-indulgent and 'work-shy' labourer succeeds in gaining his wishes. If the coal begins to give out, the retreat will become a rout. We are witnessing the decline and fall of the social order which began with the industrial revolution 160 years ago. The cancer of industrialism has begun to mortify, and the end is in sight. Within 200 years, it may be--for we must allow for backwashes and cross-currents which will retard the flow of the stream--the hideous new towns which disfigure our landscape may have disappeared, and their sites may have been reclaimed for the plough. Humanitarian legislation, so far from arresting this movement, is more likely to accelerate it, and the same may be said of the insatiate greed of our new masters. It is indeed instructive to observe how cupidity and sentiment, which (with pugnacity) are the only passions which the practical politician needs to consider, usually defeat their own ends. The working man is sawing at the branch on which he is seated. He may benefit for a time a minority of his own class, but only by sealing the doom of the rest. A densely populated country, which is unable to feed itself, can never be a working-man's paradise, a land of short hours and high wages. And the sentimentalist, kind only to be cruel, unwittingly promotes precisely the results which he most deprecates, though they are often much more beneficial than his own aims. The evil that he would he does not; and the good that he would not, that he sometimes does.