DAY BY DAY.

Waikato Times, Volume 110, Issue 18378, 11 July 1931, Page 6

DAY BY DAY.

“Resolved: That the continuous and Increasing depression

History Repeats Itself.

of the manufacturing, commercial, and agi'icuitura.l interests of this country, and the wide-

spread distress of the working classes, are most alarming—manufacturers without a market, shipping without freight, capital without investment, trade without profit, and farmers struggling under a system of high rents, with prices falling as the means of consumption by the people fall; a working population rapidly increasing, and a daily decreasing demand for its labour; union houses overflowing as workshops are deserted: corn laws to restrain importation, and inducing a starving people to regard the laws of their country with a deep sense of injustice.” The above is an extract from the minute hook of the Common Council of London in 18-12, not in 15)81, as it, well might he. But the “ hungry 'forties” were outlived, to he followed by periods of unparalleled prosperity.