28 JANUARY 1922, page 12

(to The Editor Of The " Spectator:9 Sir, — The Writer Of

the review of Professor McDougall's book, National Welfare and National Decay (Spectator, January 14th), asks why " there are not records of dynasties of talent." An obvious......

Finance—public And Private.

RUSH FOR CAPITAL ISSUES—SPECULATIVE AND INVESTMENT ACTIVITY — STRENGTH OF INVESTMENT STOCKS—NATIONAL ECONOMY THE COMING ESTIMATES—THE BANKING POSITION—EUROPE'S NEEDS. [To THE......

Letters To The Editor.

[Letters of the length of one of our leading paragraphs are often more read,and therefore more effective, than those which fill treble the space.] NATIONAL WELFARE AND NATIONAL......