people came from across the Atlantic to the United States,
and the natural increase certainly is a million and a half
more. What is to become of these people? They are to be
driven fairly into the factories and workshops and no place
else.

They can leave our country and go to the Canadian Northwest,
as many have gone. But that country will be populated to its
extent very soon, much sooner than you think. It has not an
unlimited area.

Try and cast your mind twenty or twenty-five years ahead. At
that time we should have one hundred and fifty or one
hundred and sixty millions of people. Where are they going?
Who is going to feed them? They can manufacture. We have
the raw material. We have the coal and the iron and the
copper and the lead. They can manufacture. Who will buy it?

We have got to a point where we are selling our heritage; we
are selling our rich deposits of iron and our coal and our
rich soil, and exhausting it as well.

People of other countries are exercising the utmost, closest
intelligence in everything that pertains to economy in
production. Take, for instance, the German nation to-day,
and they lead the world or any period in the history of the
world in industrial intelligence and industrial management.

Competition Grows Fiercer.

I was in England in November, and met a sad sight--Trafalgar
Square filled with idle people, large numbers of idle people
asking for bread up around Hyde Park. Why? The men who carry
on the work, who paid the pay-rolls, are no longer engaged
in the business.

What they had they have turned into money, and have bought
securities or something else, trying to save what they have
got.

In the west of England, which was a great center of
broadcloth manufacturing and of woolen goods, their output
is less than a quarter of what it was twenty-five years ago.
Germany is selling cutlery in Sheffield.

And I took pains to look around London, and to walk into the
shops and find out. I couldn't buy a pair of lisle-thread
gloves that were not made in Germany. Underclothing,
stockings, cloth, almost everything made in Germany. They
have a system of education in Germany. They educate their
men.

Now I am not going to undertake to say that their way is
better than ours, but I want to impress this on you