236 LIFE OF SIR JOHN LUBBOCK ch. 



2. That Local indebtedness is increasing more rapidly 

 than rateable property. 



3. That Municipal Trading cannot fail to give rise 

 to difficult labour problems, and may lead to serious 

 corruption. 



4. That profits are only made, if at all, when munici- 

 palities have a monopoly ; they are confined to businesses 

 such as the manufacture of gas, which has long been 

 established and reduced to regular rules ; that even in 

 such cases the accounts have been so kept as to make 

 it impossible to determine what the real result has been ; 

 that the profit, if any, has been but small ; and that much 

 more satisfactory and remunerative results might have 

 been obtained if the works had been leased to private 

 companies or firms. 



5. That Municipal Trading has seriously interfered 

 with private enterprise and commerce. 



6. That the State management of railways is open to 

 similar objections ; that on State railways the fares are 

 higher, the trains slower, fewer, and less convenient, and 

 that to introduce questions of railway management into 

 the domain of politics is open to serious objections. 



7. That it is imwise to give votes to those who pay 

 no rates, and unjust to withhold them from those who do. 



8. That Government and Municipal Trading by 

 reducing the demand for labour, while increasing prices 

 and raising rates, has injured, not only the ratepayers 

 generally, but especially the working classes ; and if 

 carried to its logical conclusion it will involve the loss 

 of their freedom. 



The leaflet proceeds to develop these pro- 

 visions, and its second part is devoted to argu- 

 ments against the Government's operation of 

 such services as railways and telegraphs. 



In December he was at Eton, staying with 

 Dr. Hornby, as the principal guest, on Founder's 

 Day. He returned thanks for the " Guests," 

 and proposed the familiar toast of " Floreat 

 Etona," coupled with the headmaster's name. 

 Dr. Hornby had mentioned, in writing to him, 



