CHAPTER XLV

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THE LABOR QUESTION.

Harmony Between the Representatives of Capital and 491 Labor Necessary for Business Prosperity.—If Manufacturers should Combine to Regulate Wages the Arrangement could only be Temporary.—The Workingmen are Taken Care of by the Natural Laws of Trade.—Competition among the Capitalists Sustains the Rate of Wages.—Opinion of John Stuart Mill on this Subject.—Compelling a Uniform Rate of Pay is a Gross Injustice to the Most Skilful Workmen.—The Tendency of the Trades Unions to Debar the Workingman from Social Elevation.—The Power of the Unions Brought to a Test.—The Universal Failure of the Strikes.—Revolutionary Demands of the Knights of Labor.—Gould and the Strikes on the Missouri Pacific, &c., &c.

## CHAPTER XLVI .

AN IMPORTANT SYNOPSIS.

A Resume in Brief of the Leading Events Connected with 503 Wall Street Affairs for Seventy-seven Years

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