. Factory and industrial management . , with ample funds at their command andwith undaunted faith in the permanence of our institutions, have takenadvantage of the low prices of the period to make improvements intheir plant and equipment. On the other hand, the majority of business interests appear to bestill waiting for the return of prosperity before making purchases or in-stituting contemplated improvements. The laboring classes are users and producers of all products. Theyhave been taught economy by the hard experiences of the past fewyears, and must continue to practise it until labor is
. Factory and industrial management . , with ample funds at their command andwith undaunted faith in the permanence of our institutions, have takenadvantage of the low prices of the period to make improvements intheir plant and equipment. On the other hand, the majority of business interests appear to bestill waiting for the return of prosperity before making purchases or in-stituting contemplated improvements. The laboring classes are users and producers of all products. Theyhave been taught economy by the hard experiences of the past fewyears, and must continue to practise it until labor is much more in de-mand than at present. Our observation leads us to the opinion thatthere will be a gradual and increasing demand for labor if there is nountoward legislation, such as a revision of the tariff to too greatly in-creased duties or beyond a reasonable basis for necessary believe that, as each industry in its turn feels the improvement, itwill help all allied interests. Lewis E. Bellows, General Manager. PCVIEWf^. THE AMERICAN PRESS Historical Sketch of the Bessemer Process. An account of the origin and develop-ment of the bessemer process, and a de-fence against the statement lately put for-ward in some quarters that the inventionwas anticipated by , an American,was presented in a paper by Sir HenryBessemer at the December meeting of theAmerican Society of Mechanical En-gineers. It seems clear from this accountthat, although Kelly secured a patent inNovember, 1857, the process of makingbessemer steel could not have been carriedout in such an apparatus, which wouldproject and discharge vertically a largeproportion of its contents during the ex-plosive eruption of slags which always oc-curs towards the end and is an inseparableconcomitant of a successful think no unbiassed person can readthis paper without arriving at this conclu-sion. A very convincing undertone ofcandor pervades the paper, adding force toits statements. Sir Henry Besse
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