[To the Editor of the SPECTATOR.] SIR,—With reference to your
excellent article on p. 545 of your issue of October 21st, will you allow me to call attention to the work that is being done on the same lines by the University of Calcutta ? As Sir 'William Harcourt said many years ago : " We are all Socialists nowadays," to which I would only add " more or less." What we want, as you say, is a good working compromise " in economics, as in everything else ; for, after all, compromise is the backbone of the English Constitution, and what is " Capital " but bottled Labour ? As Captain Petavel shows in one of his little tracts, war between Capital and Labour is only another " Great Illusion," but so much worse and more foolish than others because it is Civil War.
If you can find time to examine the accompanying little booklets—and editors somehow find time to examine every- thing—I think you will be as much astonished as I was to find two great organs of Capitalism actually blessing the (more or less) Socialistic views of our organizing secretary. I am further indebted to you for information about Lord Inch- cape's Council, to which I shall at once apply myself. What we want just now is sane Socialism, or, in other words, real Christianity in business ; and if anyone should ask, as many would, Will it pay ? I would reply, " Read the life of George
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