11 APRIL 1925

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All persons, companies and corporations are called upon to subscribe

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10 per cent. of their " total wealth " to. a perpetual_ loan- bearing 3 per cent. interest. All those who. fail to :pay the levy voluntarily. will become liable to an "...

The situation began to develop into a crisis when N.

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Clemente], the Minister of Finance, announced in the Senate on April 2nd that the Government intended to authorize an extraordinary issue of notes by the Banque de France for...

NEWS OF THE WEEK

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A T last some attempt is being made in France, in the presence of the crashing franc, to take in hand yery seriously the question of taxation. The most Unwilling admit that "...

M. Clementel had no sooner finished his exposition than it

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became clear that lie had aggravated rather than decreased the general anxiety about the finances Of the country. M. Francois-Marsal declared that the real cause of the...

Apart from M. Clementel's mistake there were, no . doubt, further

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points of disagreement between him and M. Herriot. M. Clementel wanted to raise more revenue by fresh . forrhS of indirect taxation; but M. Herriot had- other and more drastic...

- EDITORIAL AND Punrjsmxa OFFICES: 13 York Street, Co..Yent Carden,

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London, W.C. 2. - 4 Subscription to The "Spectator" costs Thirty Shillings per annum, including postage to any part of the trorld. The Postage on this issue is: Inland, hi.;...

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In the House of Lords on Thursday, April 2nd, Lord

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Birkenhead, who professed to speak for himself and not for the Government, sketched a scheme for reform of the Upper House. From our point of view the whole debate was...

The Belgian General Election which took place last Sunday resulted

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in a gain for the Socialists at the expense of the Liberals, though the Catholics remain the largest party. Apparently the Catholics have returned about 83 deputies, the...

The Prince of Wales's journey, which is to keep him

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south of the Equator for several months, has started auspiciously. When two days out from home H.M.S. ' Repulse ' met the British fleets, fresh from manoeuvres off Majorca, and...

The public is not taken into the confidence of those

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who are controlling or trying to control the second election for the German Presidency. The possibilities are th wider since the Constitution does not preclude entirely new...

Something of that sort is certainly necessary. The next Labour

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Government must have proper represen- tation in the Upper House—otherwise the danger will be much greater for other parties than for Labour itself. Lord Birkenhead would like to...

Speaking at Birmingham on Monday Mr. Austen Chamberlain said :-

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" Fear broods over Europe, the fear of war breaking out again, not to-day, not to-morrow, not, as I think, in my time ; but unless we can alter the outlook, relieve these fears,...

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of the General Council of the British Trade Union Congress.

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We wish they were not. Their aim in life is to make trouble, whether by substituting revolutionary action generally for evolution, or in smaller matters of tactics : and we...

Sir 'William Acworth, who died last week, was a sound

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publicist who was acknowledged as a high authority on railway economics. Having been a schoolmaster and, oddly enough, tutor to the ex-Kaiser and Prince Henry of Prussia, he...

That Committee was admirably composed and examined the witnesses most

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likely to give good advice on the subject. Its Report was unanimous, yet the evidence has never been published. It is not encouraging to busy public men when all their laborious...

Bank Rate, 5 per cent., changed from 4 per cent.

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on March 5th, 1925. War Loan (5 per cent.) was on 'Wednes- day 10216; on Thursday week 1011; a year ago 102 t r Funding Loan (4 per cent.) was on Wednesday 881; on Thursday week...

In the House of Commons on Friday, April 3rd, Sir

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Geoffrey Butler introduced a Bill to regulate the adoption of children. We need not go now into the details, as the Government held out no hope that time could be found for an...

The Imperial War Relief Fund (26 Gordon Street, W.C. 1)

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has of late practically confined itself to keeping alive many thousands of the Christian Refugees from Turkish territory who are now in Greece. Though there will be need for...

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TOPICS OF THE DAY

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LORD BALFOUR AND PALESTINE rr HERE comes a time in all political movements when onlookers have to admit that a new stage has been reached and that the policy of the future must...

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PLAIN THOUGHTS ON CURRENCY, CREDIT, AND GOLD II.

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W HAT does Credit mean to the ordinary citizen ? The belief—(Credo, I believe)—that a promise to pay him in yellow metal, if he should insist on it, is so sure to be kept that...

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JUDGES A ND COUNSEL IN UNPLEASANT CASES

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FROM A LEGAL CORRESPONDENT T HE strong feeling which has bcen aroused by the reports of certain recent trials which have appeared at great length in various newspapers is amply...

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SHIPBUILDING AND PRIVATE ENTERPRISE

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BY LORD BEARSTRD I T is impossible to overrate the changes that are taking place under our very eyes, which have needed, to open them, the dismay caused by the revelation that...

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HOW AMERICA IS DEALING WITH : THE CARELESS DRIVER •

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• " T HE reckless driver is the kernel of the present accident problem." These are not words from the " scare-head " Press. They were uttered recently by the United States...

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MY MEMORIES OF NINETY YEARS AGO

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BY MRS. HALDANE OF CLOAN [It is a pleasure to be able to celebrate in an unusual manner the birthday of Mrs. Haldane (the mother of Lord Haldane) who was born a hundred years...

A year's subscription to the SPECTATOR, costing only 30s., makes

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an ideal present for an absent friend. For this sum the paper will be forwarded to any address in the world. Apply : Manager, the SPECTATOR, 13 York Street, Covent Garden,...

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RUSSIAN EASTER : 1925

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BY STEPHEN GRAHAM W ITH the Russians Easter is a greater festival than Christmas. It is celebrated more elaborately in the Church, but it is also understood and enjoyed more by...

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SWALLOWS, CUCKOOS, AND NIGHTINGALES

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T HE spring migration of birds into Great Britain lasts from mid-February until the first days of June, and during that time fifty species arrive regularly to spend the summer...

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THE THEATRE

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NEW YEAR BELLS Tarnish, Mr. Gilbert Emery's play at the Vaudeville Theatre, is vigorous, and noisily effective. It might have been more expressively named, perhaps, by some...

MUSIC

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APROPOS OF I)ELIUS • " ALL true, all original music is a swan's song of the period which it celebrates." Thus Nietzsche ; and this remarkable dictum came into my mind while...

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LETTERS TO THE EDITOR

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RACIALISM IN SOUTH AFRICA [To the Editor of the SPECTATOR.] SIR,—May I as an ex-South African Civil Servant of thirty. two years' standing be permitted to offer some remarks on...

THE CINEMA

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FAREWELL TO GRIFFITH UNTIL last week my belief in D. W. Griffith had never wavered, in spite of his bad films like One Exciting Night and Love and Sacrifice. It still seemed to...

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UNEMPLOYMENT AND MONETARY POLICY [To the Editor of the SPECTATOR.]

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SIR,—Unemployment is, I venture to state, the question of the day. There is no one remedy for it, but peace abroad and industrial peace at home, economy in administration, sound...

THE INDIAN PEASANT [To the Editor of the SPECTATOR.] SIR,—To

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my mind, the crux of the situation in India lies in the attempt to solve the complex Indian problems by political remedies. In India we are carried away by our belief that our...

THE BOAT RACE FIASCO [To the Editor of the SPECTATOR.]

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SIR, —As an old subscriber to your paper I was interested to read the letter you published under the above heading, and would like to make a few comments thereon. I should be...

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SUBSIDIZED WAGES

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[To the Editor of the SPECTATOR.] Sin,--The issue raised by Sir A. Mond, and made much clearer to many of us by Mr. Bryan, is so enormously important that perhaps you will...

THE LEEDS CIVIC THEATRE

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[To the Editor of the SPECTATOR.] Sm,—You may be interested to hear of the birth of a new theatrical project in Leeds—devoted to the presentation of an intelligent drama. It is...

MORE PLAYING FIELDS FOR THE PEOPLE

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[To the Editor of the SPECTATOR.] SIR,—The lack of adequate recreation grounds for the great majority of our young people is a matter which for many years past has occupied the...

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BISHOP BARNES AND MR. MARSHALL

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[To the Editor of the SPECTATOR.] SIR,—May I venture to ask Mr. C. B. Marshall three questions ? (1) Is he aware that before it was known publicly that Canon Barnes had been...

VITALISM RESTATED

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[To the Editor of the SPECTATOR.] SIR,—Mr. Joad represents Bergson as holding that matter is an illusion, and that the universe is one indivisible and homogeneous flow of life,"...

WHOLEMEAL AND OTHER BREAD

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[To the Editor of the SPECTATOR.] Snt,—The letter of Mr. Francis Hughesdon in your issue of February 14th under the above heading clearly expresses the state of uncertainty...

PAROCHIAL CHURCH COUNCILS

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[To the Editor of the SPECTATOR.] SIR,—Now that Easter Vestries are almost due, I should like once more to plead, if you will spare me the necessary space, that the great silent...

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PROHIBITION IN AMERICA

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[To the Editor of the SPECTATOR.] SIR,--T have read in the Spectator of March 14th Mr. Lari- more's letter about Mr. Julian Huxley's article on " American Prohibition." Mr....

TOLSTOY ON ART

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[To the Editor of the SPECTATOR.] SIR,—I do not know whether Mr. Alan Porter meant the opening sentence of his review (Spectator, March 21gr) seriously, or whether it was a joke...

POETRY

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REVERIE OFTEN I shall long to go Where the water buffalo Resting quiet stands beside Fresh sown rice fields wet and wide. There below the hill-side sleep Fields of water,...

SPRING AND AUTUMN CATS

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[To the Editor of the SPECTATOR.] SIR,—According to Vice-Admiral Philip Dumas' gardener, autumn kittens are slow, and spring ones quick, in catching mice. The latter remark...

CHEAP TARIFFS FOR BETTING NEWS

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[To the Editor of the SPECTATOR.] SIR,—Cannot the system be altered by which we encourage, rather than discourage, the broadcasting of betting news ? I understand it is...

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A BOOK OF THE MOMENT

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SIR HORACE SMITH-DORRIEN Memories of Forty-eight Years' Service. General Sir Hum.° Smith-Dorrien, G.C.B., G.C.M.G., D.S.O. (John Murray, 25s.) SIR HORACE SMITII-DORRIEN'S...

The SPECTATOR should be on sale at all Railway Bookstalls

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and at most newsagents, and, except for a few isolated and distant areas, should be available on Friday. The Publisher would be grateful if readers would bring to his notice...

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A book of similar interest is True Dialogues of the

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Dead, and this book, too, is compiled by Mr. Bickley and published by Mr. Guy Chapman. These dialogues are historical conversa- tions as poignant and illuminating , as any...

THE

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FOURTH COMPETITION THE EDITOR OFFERS A PRIZE OF £5 FOR A NEW NURSERY RHYME. AGAIN there are no restrictions upon length or form ; but again we ask to be mercifully treated....

THIS WEEK'S BOOKS

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MR. FRANCIS BICKLEY'S An English Letter Book (Guy Chap. man) is drawn from the papers of the Royal Historical Manu- scripts Commission, and most of the letters are little...

REPORT ON THE THIRD COMPETITION

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The Editor offered a prize of £5 for an Epitaph in Advance upon Henry Ford, Jack Hobbs, or Professor Albert Einstein. WE printed most of the best entries in last week's issue,...

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Adventures by Sea, from An of Old Times (" The

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Studio ") is a book of over a hundred plates of ships, storms, pirates, maps, and such things, well reproduced and excellently . selected. Mr. Basil Lubbock writes a very lively...

In 1831 Robert Southey took under his patronage the poems

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of John Jones, an old family butler. There was not much to be said for the verses themselves, and it was Sotithey's kindliness that made him see merit in them. But Southey...

}MALIK

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B1ALIK was born in 1872, in a village of South Russia, one of a despised and persecuted people. He grew up to the dreary life of the eastern Ghetto, a life without courage or...

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MR. WHIBLE Y AND LORD JOHN TANNERS

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Lord John Manners and his Friends. By Charles Whibley. With Illustrations. 2 vols. (Blackwood. 30s.) MIL WHIBLET is so good a writer that prepossessions not perhaps admirable in...

PIONEERS AND VISITORS

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ALMOST any travel book is readable, and some few are very good. The Arctic Forests is among the best. It tells us about the Indians and about the white men in Yukon and Alaska....

THE LADY JULIAN

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The Lady Julian : a Psychological Study. By R. H. Thouless. (S.P.C.K. 4s. 6d.) THE Lady Julian lived in a tiny cell built up against the church in Norwich. She had no part in...

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THE MAGAZINES

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A VERY varied and interesting number of the Nineteenth Century opens with an article on " President Ebert and HjalMan Branting," by Mr. Ramsay MacDonald. It is a somewhat...

THE LEAGUE OF NATIONS AND THE SAAR BASIN

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ABOUT eighteen months ago we reviewed a book, The Saar Question, written by Mr. Sidney Osborne. We agreed with most of the views expressed and only regretted that it seemed to...

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CURRENT LITERATURE

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BIBLIOGRAPHICAL CATALOGUE OF FIRST EDITIONS, PROOF COPIES, AND MANUSCRIPTS OF BOOKS BY LORD BYRON. (First Edition Club.) The Bibliographical Catalogue of First Editions, Proof...

GERMANY. By G. P. Gooch. (Ernest Benn. 15s. net.)

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THE " Modern World " series, in which Dr. Gooch's volume appears, is described as " a survey of historical forces." His book answers to the description, for it brings out very...

WATERSIDE CREATURES. By Frances Pitt. (Allen and Unwin. 10s. 6d.)

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Miss FRANCES PITT, whose work will be familiar to readers of the Spectator, has written sixteen charming chapters descriptive of the haunts and habits of our waterside birds...

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The Wolf Man. By Alfred Machard. (Thornton Butter- worth. 7s.

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6d. net.)—A man hunt is always interesting reading, and this account of the hunting of a French ex- convict is no exception to the rule. The book reads like a translation, but,...

FICTION

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HEALING THE SICK Shepherd Easton's Daughter. By Mary J. H. Skrine. (Arnolds. 7s. lid. act.) WE enter into the atmosphere of Shepherd Easton's Daughter as into a country where...

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FINANCIAL NOTES The actual publication of the National Balance Sheet

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for the past year, although revealing a small realized surplus, has had a sobering effect upon those who have been proclaiming huge surpluses in the forthcoming Budget. There is...

FINANCE - PUBLIC AND PRIVATE • Wiir.N all allowance is made for

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such factors as the disturbing financial situation in France, Budget un- certainties and the approach of the Easter holidays, the general tone of markets during the past week...