THE GROWTH OF SOCIALISM.

New Zealand Herald, Volume XXIV, Issue 8928, 17 December 1887, Page 2 (Supplement)

THE GROWTH OF SOCIALISM.

Lord Deeby was ontertained at dinner by the Mayor of Liverpool, and, in responing to the toast of his health, said he was sure if the Government would not bring in more Bills than they had the chance of carrying more work would be got through. If the Commons wanted anything done and the public had tho same feeling, they would not hear much of obstruction as a bar to business. The House might make more use of large standing committees than it did. Business was a little better, and agriculture, if possible, worse ; whilst it was satisfactory to note the increase in savings bank deposits. He was not an alarmist, but he saw two things ahead which we could not ignore the growth of the population and the growth of indebtedness. We had lessened the public debt of late years, but it was not satisfactory to see the rate at which local indebtedness was growing, and he did not envy the ratepayers fifty years hence. He had no doubt that the growth of the public debt on the Continent was the principal agent in the promotion of socialism. All the world over it was the same, and other natioua were worse than we are. , There could be only two alternativesrepayment or repudiation.