25 OCTOBER 1924

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• The publication of next week's issue of the SPECTATOR

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will be postponed for twenty-four hours so that a more comprehensive survey of the Election results can be made.

In arraying the Anti-Socialist forces for the General. Election no

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compact has been made between the Unionist and Liberal Headquarters. Where triangular contests, which might have let in a Labour candidate on a minority' vote, have been...

There are 1,426 . candidates for the 615 scats in the

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House of Commons: Forty-one of the candidates are women. The total figure includes 32 candidates who have been returned unopposed, 16 of whom are Unionists. The Unionist...

NEWS OF THE WEEK

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• T ILEgreatest possible mistake is made by those who pretend that because nobody wanted a General Election just now there is therefore no real issue before the country. The...

The Campbell ease, although the country has to think about

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far more important subjects, has quite rightly not been allowed to drop during the election campaign. Very damaging charges have been made against the Government, notably by Sir...

EDITORIAL AND PUBLISHING OFFICES: 13 York Street, Covent Garden, London,

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W.C. 2. A SUBSCRIPTION IO TIIE SPECTATOR costs Thirty Shillings per annum, including postage to any part of the world.

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Mr. MacDonald declared in a recent speech that under a

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Labour Government houses had for the first time been produced for letting, - and' not necessarily for selling. "My friend Wheatley," he said, had done it. -After this remarkable...

The Times of Monday published a letter from Sir Leo

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Chiozza Money, in which, he threw much light on the figures of unemployment. Last week we mentioned the strange discrepancies between figures quoted inthe - various political...

Mr. MacDonald's reply to Mr. Asquith's plain question about the

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Russian Treaty was a very poor one. Mr. Asquith asked why it was that Mr. MacDonald having vowed again and again that his Government would never guarantee a loan to the Soviet,...

*. * Sir Alfred Mond said :- "I deliberately charge

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the Labour Government with not telling the truth. Will Mr. MacDonald deny that the Home Secretary brought five gentlemen, inoluding the Attorney-General, over to see him at 10...

We do not by any means desire to take up

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the irrational position that consultation between the Cabinet and the Law Officers of the Crown can always be avoided. Some- times it is unavoidable, and reference has been made...

The :trouble with Mr. Wheatley's scheme, however, is' that though

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it is called the "Housing Charter" it provides for -the present no houses, either to let or to sell. The one thing it has achieved so far is the sending up of prices. Mr....

We cannot ourselves see the difference. He says that the

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loan described in the Treaty means only such money As the Russians "can find free upon the market. - "_ If they found "nothing doing" on the market there would be nothing for...

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Thursday, October 23rd, was the Poet Laureate's eightieth birthday. To

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do honour to so interesting an event and to a man who has held so consistently the attention of the inner circle of the literary world, though not, of course, the reading public...

The Westminster Gazette has compiled some figures showing the rise

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in the cost of living. A comparison is given between the figures published by the Ministry of Labour last January and the prices which the Westminster Gazette itself ascertained...

The recent relief of Sheshuan in Morocco has left the

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Spanish Directory with an anxious problem. No doubt the relief was quite necessary ; Spain could not abandon either her own garrison or her Moorish allies. Moreover, she would...

On Monday the German Reichstag, which was elected on May

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4th, was dissolved. The General Election is to be held not later than December 19th. Although the short life of the last Reichstag looks at first like a sign of instability, it...

* * * * The best joke of the electoral

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campaign is that of the Ministry of Labour, which has had notices posted in - the Labour Exchanges warning the unemployed not to undertake canvassing for money. Paid canvassing...

We are requested by the English-Speaking Union to inform our

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readers that the subject of the Page Memorial Lecture, by Sir Auckland Geddes (Central Hall, November 11th, 3.15), is "The British Empire and the United States of America," and...

Bank Rate, 4 per cent.,changed from 3 per cent. July

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5th,1928. 5 per cent. War Loan was on Thursday, 1021; Thursday week, 102* ; a year ago, 102#. 3k per cent. Conversion Loan was on Thursday, - 78t; Thursday week, Wi t a , year....

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SIR ROBERT HORNE ON THE REFERS ENDU1VI AND CONSTRUCTIVE CONSERVATISM.

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T HE bulk of our readers have, we believe, regarded with approval our condemnation of the Unionist official programme as wanting in that definite and specific character which...

TOPICS OF THE DAY.

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HOW SHALL I VOTE? VAT E answer the question without an instant's hesita- V tion, " Vote Unionist or Liberal. It does not vitally matter which so long as your vote is cast...

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A WINNING PROGRAMME FOR UNIONISTS.

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Av E desire to add to our definite and specific pro- gramme for the Unionist Party one or two miscellaneous items. GUILD COMPANIES. We believe that without any infringement of...

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MIL MASSINGHAM'S RELIGION.

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BY DEAN INGE. " TT is only the Liberal Party," wrote Mr. Massingham's assistant editor on the Nation," as the last election made quite clear, which can afford to dispense with...

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THE OFFICE OF PRIME MINISTEIt. .

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T HE present Election is largely turning on the question whether Mr. MacDonald or Mr. Baldwin is to be Prime Minister. We are approaching to conditions like those which prevail...

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THE LONG-TAILED TITMOUSE.

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U NEXPECTEDNESS is a quality as fascinating to bird-lovers as to readers of detective stories. In addition it makes the fortunes of showmen, the New Art, the sensational...

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THE THEATRE.

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"THE BLUE PETER" AT THE PRINCES. To make a good, serviceable drama which will feed 100,000 Englishmen, take the following ingredients : One scene in a far, tropical land...

CORRESPONDENCE.

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THE OTHER SIDE—THE "SPECTATOR'S" UNIONIST POLICY. [To the Editor of the SrECTATOR.] Snt,—I value very highly the invitation with which you have honoured me, to discuss your...

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[To the Editor of the SPECTATOR.]

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SIR,—The letter of your correspondent, Sir Arbuthnot Lane, seems curiously ill-timed, unless, of course, it has a political significance and the Trade is to be fostered by the...

THE UNIONIST PROGRAMME— MR. BALDWIN'S VERSION.

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[To the Editor of the SPECTATOR.] - SI11,—In the last paragraph of the above article in your issue of October 18th your contributor finds "further justi- fication of the...

[To the Editor of the SPECTATOR.] SIR,—Dr. Saleeby's article is

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very interesting ; but does it correspond with facts that are surely of common knowledge ? One can only speak positively of what one knows. But my own experience is probably...

LETTERS TO THE EDITOR.

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THE EFFECT OF ALCOHOL. [To the Editor of the SPECTATOR.] Sur,—VVho shall decide whether the civilized world is the better or the worse for alcohol ? Not the legislator, nor...

A WINNING PROGRAMME FOR UNIONISTS.

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[To the Editor of the SPECTATOR.] SIR,—Everyone who is concerned for the future of industry must have read with a feeling of renewed hopefulnns your article "A Winning Programme...

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DOMESTIC SERVICE AS A PROFESSION FOR GENTLEWOMEN: [To the Editor

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of the SPECTATOR.] Sin,—I have read with. interest the letter signed- "Dorothy Lathbury " in your issue of October 11th. I agree with her that the domestic worker of the future...

ARE THE ANTI-SOCIALISTS: IN EARNEST"?

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[To the-Editor of the-Svuorxran.] Sire—From a recent discussion of the question, " Are the Anti- Socialists in Earnest ? -" it is clear that only by the avoidance of splitting...

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NATIONALIZATION OF THE MINES.

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[To the Editor of the SPECTATOR.] Sin,—As the nationalization of the whole mining industry is placed first on the list of legislative measures for which the Government is...

THE RUSSIAN LOAN.

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[To the Editor of the SPECTATOR.] SIR,—The Press lead the public to believe this - to be a money (Gold) Loan. Nothing could be further from the truth. We shall lehd railway...

• RACING VERSUS WORK. [To the Editor of the SPECTATOR.]

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Sin,—Though I differ from Bishop Welldon on some aspects of the problem of gambling, no one has appreciated more his consistent opposition to this national evil, and I am,...

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THE SUFFERINGS OF THE REFUGEES IN GREECE.

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[To the Editor of the SPECTATOR.] Sin,—Last Easter I appealed for the relief of the refugees in Greece in the hope that my appeal would be the last for that object. Unhappily...

EXTRACT FROM LETTER.

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THE RECKLESS DRIVER.—Mr. G. J. Withington (Vice- President, National Cyclists' Union) writes :—The rear light on cycles is a danger to the eyclist as he never knows when it is...

POETRY.

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TRAVEL-PIECE. (CONFESSIO JUVENIS, PASSUS 1.) I HAVE seen lightning walking upon the water, While thunder shook my head like a sieve of corn : I have felt cold-handed Winter...

CHANDOS.

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[To the Editor of the SPECTATOR.] SIR,—From Ellis's Introduction to Domesday Book it appears that this name only occurs therein as Candos (and Candorso to be accurate, but...

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pectator

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FINANCIAL SUPPLEMENT BANKING AND INSURANCE No. 5026.] WEEK ENDING SATURDAY, OCTOBER 25, 1921. GRATIS.

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THE OUTLOOK.

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WITH a General Election in progress he would be a bold man who ventured upon any confident predictions con- cerning the banking outlook. For although the trader and...

t he *pertatar.

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BANKING AND INSURANCE SUPPLEMENT. LONDON: OCTOBER 25th, 1924.

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TEN YEARS OF BRITISH BANKING.

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BY SIR D. DRUMMOND FRASER, K.B.E., M.Com. Iv one reviews the banking position to-day and compares it with the position in pre-War days, certain changes leap at once to the eye....

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THE NATIONALIZING CRAZE.

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BY ARTHUR W. KIDDY. Wrrurx the next few days we shall know what is to be the form of Government in this country in the immediate future. At the moment of writing the City is...

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A GOOD deal has been written recently about the difficulties

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in the path of the small investor. There is, first of all, the vexed question of the choice of security, which is accentuated by the difficulty of getting into touch with an...

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HEALTH INSURANCE AND THE PROFESSIONAL MAN.

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Trim manual labourer is provided for under the National Health Insurance Act to a certain extent in the event of his wage-earning capacity ceasing on account of sickness and...

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LIFE ASSURANCE AND THE HOUSING PROBLEM.

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To what extent life assurance can be utilized as a factor in assisting towards the solution of the housing problem is a matter which we feel may be of interest to a number of...

Landau: Printed by W. bl'EAIGAIT AND Sous, Dm.. 98 and

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99 Fetter Lane. E.C. 4, and Published by Tax SexcrAioa. Lea. at their - Offices. No, 13 York Street. Covent Garden, London, W.C.2.—Saturday, October 25th, 1924.

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[COPYRIGHT IN THE UNITED STATES OP AMERICA BY THE New

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York Times.] Selections from Matthew Arnold's Poetry. Compiled by R. E. C. Houghton. (Methuen and Co. 3s. 6d. net.) IT may seem at first sight strange to call a little volume of...

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BOOKS.

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THIS WEEK'S BOOKS. TwELvE new volumes of the Everyman Library (Dent) have just been published, and they give stability and joy to a week which would otherwise be fairly dismal....

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CAPITAL PUNISHMENT.

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THE Warden of Sing Sing begins his plea for the abolition of capital punishment with a neat illustration of the responsibilities we take upon ourselves when we pronounce...

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CRITICISM.

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Latitudes. By Edwin Muir. (Melrose. 9s.) Contemporary Criticism of Literature. By Orb o Williams. (Parson'. 7s. 6d.) Discoveries. By J. Middleton Murry. (Collins. 7s. 6d.)...

OLD ENGLISH FURNITURE.

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The Dictionary of English Furniture. Vol. I. (A to Ch). By Percy Macquoid and Ralph Edwards. ( Country Life. £5 Ss.) The Old World House. By Herbert Geseiusky. (A. and C....

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• A MISCARRIAGE OF JUSTICE..

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IN 1895 Adolf Beck was sentenced to seven years' penal servitude. He was innocent of all the offences charged against him, but he served his sentence and was released "on...

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THE MYSTERY OF THE EXCHANGES.

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Taxation : The People's Business. By Andrew W. Mellon. (Macmillan and Co. 6s. net.) The Foreign Exchanges. By A. W. Flux. (King. 108. 6d. net.) IN a sweet and pensive book...

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FICTION.

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THE TWO MAGICS. Changeling, and Other Stories. By Donn Byrne. (Sampson Low. 7s. 6d. net.) CHILDHOOD and second-childhood have always fascinated Mr. Walpole. He likes to explore...

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OTHER NOVELS.—The Green Altar. )3y Miriam Alexander. (Melrose. 7s. 6d.

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net.)—An interesting contribu- tion to the consideration of modern Ireland. The author is extremely fair in her portrayal of the inhabitants of that distracted island, and...

FINANCE-PUBLIC & PRIVATE.

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[By OUR CITY EDITOR.] CHEERFUL MARKETS. [To the Editor of the SPECTATOR.] must not be supposed from the quiet steadiness and cheerfahress of markets that the City is apathetic...

THE UNADJUSTED GIRL. By William Thomas. (Rout- ledge. 15s.) This

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book is a serious contribution to sociology, and the publisher on his wrapper - very properly stresses the many "case histories" which are given at length. Some of these are...

SHORTER NOTICES.

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Professor Notestein, who has left Minnesota for Cornell, continues with unabated zeal his task of elucidating the early Stuart Parliaments. With Miss Bell he made the Petition...

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FINANCIAL NOTES.

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As anticipated last week, the English portion of the German Loan was keenly applied for. Roughly it was Covered thirteen times, and so great was the number of Small applications...