Private Wealth in England. From the Auckland "Star,"

Te Aroha News, Volume III, Issue 145, 13 March 1886, Page 5

Private Wealth in England. From the Auckland " Star,"

Ls T his address at the Theatre Royal, Sir Geovgo Grey alluded, to the aggregation of 6nonnou3 fortunes in recont times as being without precedent in history, On this subject the following remarks appear in a work entitled "The Radical Programme," issued just prior to the English elections : — "Twenty years ago, a man with £10,000 a year was regarded as a prodigy of wealth. Now he is considered, well-to do, and no more, and ono may waUc through streets and squares for hours in London, each house of which represents probably a minimum income of not less than £8,000 a year. In the last twenty years the wealth in tho United Kingdom has increased^ by £600,000,000." Notwithstanding this enormous accumulation, intense poverty still reigns among millions in tho land. It is no great wonder that, with a knowledge of these facts, and goaded by personal suffering, the unemployed svorktnen of the great cities should be carried away by the attractive but most destructive fallacies of socialism, or that, when tho police are off their guard, they should givo free play to their passions in sacking the omporiums of luxury. The statesmen of England have a great problem bofore them, of which the recent riots are a significant and rather alarming reminder.

It is rumoured in Berlin that Germany fa making overtures for the partition of the Satnoan Islands. The proposals, it is said, include tho allotment to England of Savaii, the largest island of the group, Germany taking Upolu with the port of Apia, and the United States getting the eastern islands, including Tutuila with, the harbour of Pango.