I have some words here which I have reserved to the

The cotton very close of my remarks, in order to give more emphasis

industry. to them. They are words which were used by a friend

of my own, Mr. Macara, the president of the Cotton

Employers' Association. He says ; "Broadly it may, I think, be taken

that intelligent ai>d foitcring legislation harnn nious relationship



131

between capital and labour, enterprise to secure a plentiful supply of
raw material, energy, ability, and skill on the part of both employers
and workpeople, and economy in the cost of production — these are the
main factors that will enable us to continue to secure a fair share of
the world's trade in cotton goods. I venture to express the opinion,
at all events, that these conditions form the most secure basis any great
industry could rest upon, which is dependent upon foreign trade for
80 per cent, of its employment." With these words I cease. Let these
words of wisdom, of sane confidence, and of high patriotism — and, I
will add, of pluck and courage — keep ringing in your ears.
1 2



13



i.
Viscount Qoschen

at Passmore Edwards' Hall.
167-^ OCTOBER, 1903.
