7 MAY 1864, Page 2

In a discussion on Thursday on the expenditure for small

arms, Mr. Cobden made a promise which his friends will receive with pleasure. He believes, like everybody else, that there is excessive waste in all the manufacturing establishments maintained by Government, and "will certainly, before the session closes, call the attention of Parliament to the subject." If Mr. Cobden would only devote a session in this subject, he might save the country some million a year. It is not on salaries nowadays that we squander money, bat on great establishments, where every subordinate has an interest in waste, and where there is never a chief interested in economy. A head to every establish- ment whom Parliament can attack, and who can dismiss all under him like a private etrkployer, is the reform really required.