NEWS OF THE WEEK.
AS the inevitable defeat of Mr. Baldwin's Administra- tion draws nearer there is a tendency, which we note with satisfaction, to view events in a more reasonable perspective. Fortunately the panic-mongers have not been able to spread the contagion of their dangerous and humiliating disease. Not that we want in the least to under-estimate the risks in the accession to power of a Government who at heart are, and will remain, Socialistic, even though the circumstances will prevent them from putting Socialism. into force. But to yield to panic is to create the very dangers which we can certainly avoid if we behave like reasonable men. We should never- lbse contact with the main fact, which is that the majority has the power to decide and will be able to exercise that power whenever it likes.
