19 MARCH 1921, Page 1

In approving in general of " Taxpayer's " scheme we

said that the creation of such an organization would require a good deal of money, and that it would be impossible successfully to launch it unless several rich men who were really alarmed by the present situation, and honestly believed that only con. stitutional compulsion could keep the Government in order, would come forward and lead the way by subscribing large sums. Whether our leading rich men are not so much alarmed as they pretend to be we do not know, but so far the condition which we laid down as being indispensable if the Spectator were to give any definite support to " Taxpayer's " scheme has not been fulfilled. We felt, and we still feel, that it would be worse than useless to encourage people to try to create the necessary organization without very ample preliminary financial support.