"DEAR SIR,

"I should be exceedingly obliged if you would accord me a few minutes' interview on a purely personal matter. I will wait upon you anywhere, according to your convenience.

"Yours faithfully,

"KINGSTON BROOKS."

CHAPTER IX

HENSLOW SPEAKS OUT

The bomb was thrown. Some ten thousand people crowded together in the market-place at Medchester, under what seemed to be one huge canopy of dripping umbrellas, heard for the first time for many years a bold and vigorous attack upon the principles which had come to be considered a part of the commercial ritual of the country. Henslow made the best of a great opportunity. He spoke temperately, but without hesitation, and concluded with a biting and powerful onslaught upon that class of Englishmen who wilfully closed their eyes to the prevailing industrial depression, and endeavoured to lure themselves and others into a sense of false security as to the well-being of the country by means of illusive statistics. In his appreciation of dramatic effect, and the small means by which an audience can be touched, Henslow was a past master. Early in his speech he had waved aside the umbrella which a supporter was holding over him, and regardless of the rain, he stood out in the full glare of the reflected gaslight, a ponderous, powerful figure.

"No one can accuse me," he cried, "of being a pessimist. Throughout my life I have striven personally, and politically, to look upon the brightest side of things. But I count it a crime to shut one's eyes to the cloud in the sky, even though it be no larger than a man's hand. Years ago that cloud was there for those who would to see. To-day it looms over us, a black and threatening peril, and those who, ostrich-like, still hide their heads in the sand, are the men upon whose consciences must rest in the future the responsibility for those evil things which are even now upon us. Theories are evil things, but when theory and fact are at variance, give me fact. Theoretically Free Trade should—I admit it—make us the most prosperous nation in the world. As a matter of fact, never since this country commenced to make history has our commercial supremacy been in so rotten and insecure a position. There isn't a flourishing industry in the country, save those which provide the munitions of war, and their prosperity is a spasmodic, and I might almost add, an undesirable thing. Now, I am dealing with facts to-night, not theories, and I am going to quote certain unassailable truths, and I am going to give you the immediate causes for them. The furniture and joinery trade of England is bad. There are thousands of good hands out of employment. They are out of work because the manufacturer has few or no orders. I want the immediate cause for that, and I go to the manufacturer. I ask him why he has no orders. He tells me, because every steamer from America is bringing huge consignments of ready-made office and general furniture, at such prices or such quality that the English shopkeepers prefer to stock them. Consequently trade is bad with him, and he cannot find employment for his men. I find here in Medchester the boot and shoe trade in which you are concerned bad. There are thousands of you who are willing to work who are out of employment. I go to the manufacturer, and I say to him, 'Why don't you find employment for your hands?' 'For two reasons,' he answers. 'First, because I have lost my Colonial and some of my home trade through American competition, and secondly, because of the universally depressed condition of every kindred trade throughout the country, which keeps people poor and prevents their having money to spend.' Just now I am not considering the question of why the American can send salable boots and shoes into this country, although the reasons are fairly obvious. They have nothing to do with my point, however. We are dealing to-night with immediate causes!

"And now as to that depression throughout the country which keeps people poor, as the boot manufacturer puts it, and prevents their having money to spend. I am going to take several trades one by one, and ascertain the immediate cause of their depression—"

He had hold of his audience, and he made good use of his advantage. He quoted statistics, showing the decrease of exports and relative increase of imports. How could we hope to retain our accumulated wealth under such conditions?—and finally he abandoned theorizing and argument, and boldly declared his position.