Fifty Years of Progress; And, the New Fiscal Policy ...

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The year 1902 showed a depression and a diminution of profits even more marked than in 1901.
In his speech at the Queen's Hall meeting, Lord Unem- Goschen referred to the large numbers out of work in Germany.
Germany at the present time. ' In Berlin and the district the metal workers amounted to about 72,000, of whom the greater part worked short time. Compared with October 1900, from 18,000 to 19,000 fewer were employed. In Magdeburg, of 15,000 metal workers the larger number were on short tim
...e. Discharges were continually reported, and in January the number of unemployed amounted to 2,000. Town after town is represented in this way. In Barmen and Elberfeld 1,800 out of 4,000 work reduced hours. Altogether 400 to 500 were without employment.' In its practical results cheap Uving is hardly less Cost of important than the scale of wages. Our working people under a free-trade policy have a conspicuous advantage.
In the last quarter of the last century, the cost of living was reduced in the United Kingdom by 45 per cent., in Germany by 18 per cent.


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