They produce for themselves, or buy elsewhere, what they formerly bought from us.

Our profits are vanishing, our machinery is standing idle, our workmen are locked out.

It pays now to stop the mills and fight and crush the unions when the men strike, no longer for an advance, but against a reduction.

Now that these unions are beaten, helpless, and drifting to bankruptcy as the proportion of unemployed men in their ranks becomes greater, they are being petted and made much of by our class; an infallible sign that they are making no further progress in their duty of destroying us.

The small capitalists are left stranded by the ebb; the big ones will follow the tide across the water, and rebuild their factories where steam power, water power, labor power, and transport are now cheaper than in England, where they used to be cheapest.