17 JUNE 1905, Page 24

Britain's Destiny: Growth or Decay? By the late C. B.

Phipson. Edited by Mark B. F. Major. (Cassell and Co. 3s. 6d.)—The late Major Phipson published two books, "The Redemption of Labour" and "The Science of Civilisation," of which Mr. Major gives us here an outline. We do not claim to have mastered his whole scheme, but we see that in one respect Mr. Bryan, the Silverite, was to him as "water- unto wine." British bankers have " embezzled "—we hope the quotation is not libellous-42655,000,000. For these the King is to issue "a corresponding number of intrinsically valueless currency. tokens." How rich we shall all be! how happily delivered from what our author elsewhere describes as the "disastrous fluctuation in private incomes"!