"Political power passed very considerably from the landed interest to the manufacturing capitalist interest, and our whole fiscal system was shaped by this latter power to its own advantage, foreign policy being also made to coincide. We are now come, or are coming fast, to a time when labour laws will be made by the labour interest for the advantage of labour. The regulation of all the conditions of labour by the State, controlled and guided by the labour vote, appears to be the ideal aimed at, and I think it extremely probable that a foreign policy which sought to extend by tariff reforms over our colonies and even over other friendly States the area of profitable barter of produce, will strongly commend itself to the mind of the labour interest. Personally I can discern no cause for alarm in this prospect, and I believe that on this point you and I are in perfect agreement. Labour, in this modern movement, has against it the prejudices of property, the resources of capital, and all the numerous forces—social, professional, and journalistic—which those prejudices and resources can influence."