they are already showing signs of deep interest in a matter which concerns the very means of their livelihood. They are in advance of Parliament and Ministries on this subject. Mr. Froude is well within bounds in asserting that 'those among us who have disbelieved all along that a great nation can venture its whole fortunes safely on the power of underselling its neighbours in calicoes and iron-work, no longer address a public opinion entirely cold.' What, perhaps, has tended as much as anything else to open our eyes is the discovery, that other nations begin to be able to undersell us, not only in foreign markets, but even in our own--here in England, at Sheffield, Birmingham, and Manchester. Carlyle usually defined the Free Trade theory as the system of 'cheap and nasty.' As we have never had Free Trade, and therefore as it has never been properly tested, it is impossible to say what effects it was capable of producing, properly worked out. The great fact which confronts us to-day is that no other nation in the world, and not even our own colonists, will have anything whatever to do with it on any terms. This fact, at least, the English workingmen are beginning to see and to understand, and results will flow from it at present not anticipated by 'statesmen,' who know little or nothing about the hard matter-of-fact conditions under which trade is carried on, and who are assiduously primed by underlings with statistics which they repeat by rote, and as to the real value or signification of which they are completely and hopelessly in the dark.