2 APRIL 1910, Page 15

THE POLICY OF THE SPENDTHRIFT.

LTO THZ EDITOE OP TEE " SPECTATOR:]

SIR,—Referring to Mr. Davis's letter in your issue of March 26th, some of us who have suffered from the short- comings of the Post Office cannot admit that it by any means affords an instance of the successful management of important business by the State. The wonder is, of course, that, being a monopoly with no competition to fear, it is not more unbusinesslike; but even its virtues, such as they are, are largely the result of its dependence for much of its work upon our individualistically managed railway