"There has been a general belief that a machine-made watch is not to be compared to one that is hand-made, and that on this account the English watch must always hold its own against the American. This belief will have to be given up, if it is not given up already. It has now been established that machinery can be used for the purposes of watchmaking with quite as much success as for those of agriculture. The Americans are showing that they can make better watches than the Swiss or the English, but, what is of equal importance, they are showing that they can make them for less money. The boast of the Yankees is that they can turn out work cheaper and better than anybody else, and that for that reason the world must take their products. It would be difficult to prove that in some departments the boast is wholly without foundation. The American mechanic is paid better than the English mechanic, and yet the work which he turns out can, as a rule, be sold for less. The reason is, not only that he works harder, but that the assistance of machinery enables him to produce the largest result by the smallest amount of labor. "Mr. Brassey, who believes that the workmen of his own country are equal if not superior to any in the world, maintains that an English mechanic can do more work than an American mechanic. The American really does more, because the inducements to industry are greater, and because he has better machinery. The success of the Waltham Company has furnished a striking instance of this. This company has now not only well-nigh driven foreign watchmaking companies out of America, but it has shown that it can more than compete with them on their own ground. This arises partly from the fact that it can turn out the best work on a large scale, but also from the fact that the principle on which it operates enables it to do all this economically. The Waltham Company claims to have arrived at simplicity, uniformity, and precision in the manufacture of watches, and the report of our judges shows that its claim is well founded. One of its discoveries was that a simple instrument, where simplicity is possible, will cost less and be worth more than a complicated one. Another was that the making of all instruments of the same grade exactly alike, so that the part which belongs to one belongs to the whole, will not only facilitate manufacture, but will greatly economize it. A third was, that these properties of simplicity and interchangeability are the best guarantees of perfect exactitude. The success which the Americans have reached in this as well as in other branches of industry, ought to excite the gratitude rather than the jealousy of the world. Any company or nation that shows how a maximum of efficiency can be reached by a minimum of labor confers a benefit on mankind. This our American cousins have done in other spheres besides that of watchmaking. There are branches of the prosperity of the Americans