27 APRIL 1934, Page 18

CREDIT AND DISTRIBUTION

[To the Editor of THE SPECTATOR.]

is natural that Mr. Brown, as a convinced Communist, should feel that any analysis of the situation which differs from that of Marx has its roots in error. I sympathize with his feeling.

But as I can see no evidence in Mr. Brown's letter that he has a glimmering of what the Social Credit scheme aims at, and as I cannot trespass on the hospitality of your columns to the extent of explaining it to him, I fear I must leave un- answered the host of issues that he raises.

I would, however, like to clear up one misconception. The creditarians, to use his word, do not think banks wicked, and agree fully with him that they are competently run, and, they would add, honestly. But I would suggest to him that a bank is not a savings-bank, and that a financial system which we have devised we can possibly change without the drastic operation of a revolution.

Mr. Brown, novelist as well as Communist, says it is signifi- cant that I, as a man of letters, should concern myself with economic organization. If the quality of human life is not the business of the man of letters, I am puzzled to know what is.—I am, Sir, &c., BONAMY DOBRiE. Mendham Priory, Harleston, Norfolk.