LORD MORLEY ON TAXATION.
[TO TEE EDITOR OF TEE- " SPECTATOR."] SIR,—Tbe enclosed extract from a speech of Lord Morley's made at the People's Palace, Newcastle, in February, 1892, may be of interest in these days of Socialist propaganda.—
"I have never disguised that in my view the workman's great and central interest is that he shall have good and steady work. Beware of any action which artificially disturbs the basis of work and wages. Be mire of another thing: be sure that the burden of taxation, however spread, however disguised, at last comes heaviest upon the shoulders of the industrial community."