LETTERS TO THE EDITOR.
A WINNING PROGRAM= YOR UNIONISTS. [To the Editor of the SPECTATOR.] Sui,—Your editorial under the above heading sets forth an enlightened, an intellectual programme, such as, if not merely adopted but actually absorbed and believed in by the leaders, would sweep the country from John o' 'Groat'S to Land's End.
Have the leaders your vision, your earnestness, the bases of efficiency, of success ? If instead of going to the country
on Protection as the cure for unemployment, Mr. Baldwin had acted on your fourth item, "National Credit," there would not now be any unemployment in this country. Mr. MacDonald has repeated the Baldwin mistake in seeking, first, a European settlement instead of running concurrently with it "currency and Credit Reform," a mere administrative Act that can be enforced, put into operation, at any moment. The real enemy to full productive employment is "High Finance," working through the Bank of England and the
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