The Bishop of Rochester asks us to mention that a
fund is being collected for the restoration of St. Saviour's, South- wark, the ancient splendid parish church which is to be the cathedral of the Suffragan Bishop. Southwark has promised £16,000, but the complete restoration determined on will cost £40,000, and aid from the wealthy outside the diocese is there- fore solicited. Subscriptions may be sent to the Rector of St. Saviour's.
No one who glances, however rapidly, at City articles can doubt that the conversion of private firms into limited liability Companies is proceeding at a constantly accelerated ratio. The old firms are, in fact, sorely pressed by these Companies, which are content with moderate profits, and are without any fear of the Bankruptcy Court,—one motive why conversions are so frequent. The investing public, harassed by the fall in the rate of interest, will apparently buy any- thing, from solid breweries to patent medicines ; and the remit must gradually affect the whole course of business. For one thing, it must multiply strikes. A manager is not a master, who can, if he pleases, make things easy for old servants, and has more desire to work with visible economy. Above all, the profits of Companies are known, and the men thirst for their share of them, as they do not for those of the employer, who, for all any one can tell, may be making little of the concern.
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