Let us change the scene to Scotland on Saturday. The
Prime Minister had an interview with the Governor of the Bank of England and Mr. Lamont, one of the American financiers who signed the Young Report in Paris. What passed we do not know, but we hope that Mr. Lamont was able to assure Mr. MacDonald privately that so far as he could give him American opinion, the British Delegation would see, in the establishment of the new International Bank, a remedy for any possible financial embarrassments. Mr. MacDonald was, at any rate, not discouraged from sending an enthusiastic telegram to Mr. Snowden. This he also allowed to be published for readers abroad as well as here. An inter- national football team could scarcely wish for a better shout of encouragement. Among other things he wrote "Every newspaper, so far as I have seen, backs you." Journalists may be flattered at what he attributes to them. Shades of former Prime Ministers would rub their dim eyes at a hint of " newspaper government " in this country. The Daily News of last Saturday had an article by a great authority, Mr. W. T. Layton, most lucidly explaining the position, and pointing out the disastrous results of the break-down which he evidently feared last week.
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