is to be hoped, made it clear that Manchuria is not being regarded either by Geneva or Washington as the closed issue Japan desires to make it. The United States has made it...

The actual situation at any moment since Sunday has been almost impossible to assess owing to the ,difficulty Admiral Kelly at Shanghai and the President of the League Council...

£43,000,000 repaid to America, £18,000,000 repaid to France, the £ stable and even being pegged to prevent a rise, restrictions on dealings in foreign exchange removed,...

/THREE influences at least are responsible for the initiation of peace discussions at Shanghai— the publication of Mr. Stimson's letter to Senator Borah, the imminence of the...

Subscription to the SezorsTon costs Thirty Shillings per annum, including postage, to any part of the world. The SPECTATOR is registered as a Newspaper. The Postage on this...

front at Geneva: Her Plan for strengthening the League materially . at the expense of national forces is, from her own point of view, fundamental, and M. Tardieu has gained one...

as the Tariff Committee, though its official designation is the Import Duties Advisory Conunittee, is not as important as the ComMittee's scope, 'but it is important 'enough....

Sir Josiah Stamp's address to the shareholders of the London Midland and Scottish Railway Company went far to show that the company is facing its troubles in the right spirit....

trade of the country in their hands, and unless the experience of every other protectionist country is to be belied here, they will be assailed from the first by some industries...

now in full swing, Herr Hitler having been duly naturalized on accepting appointment as representative of the Brunswick State Government in Berlin. Nationalist and Communist...

The Disarmament Conference, checked in its more active work by the necessity of organizing its various committees, and also by the intervention of the Special Assembly of the...

the Borstal authorities—acting, of course, under the direction of the Home Office—were releasing young offenders prematurely on compassionate grounds." He was trying two...

it is a serious business to deny respect to the Welsh flag. But the quarrel of the Welsh Nationalists with the Office of Works fines itself down to a very narrow point. Mr....

In laying it down that all school-children throughout the country shall be taught to swim, the French Government is setting an example we should be the first to copy. There are...

on February 18th, 1932. War Loan (5 per cent.) was on Wednesday 1001; on Wednesday week, 100}; a year ago, 103 t r Funding Loan (4 per cent.) was on Wednesday 95j; on Wednesday...

Tuesday in favour' of a West African law student, a graduate of Oxford, who had engaged rooms at a private hotel in London by letter and was refused accommodation when it was...

. A marked recrudescen.ce of crime, especially robbery with violence by motor-bandits, and an increase in the number of murders in which the guilty persons remain at large, have...

E XPERIENCE teaches, and this country has now entered on its new fiscal experience, the fruits of which, according to one school of economic thought, are to be contracted tilt&...

By OUR MEDIUAL CORRESPONDENT. T '. practice of medicine differs in many ways from . that of any other applied science. The ever-varying human material with which it deals...

By SIR NORMAN ANGELL. TA TE English are in the habit of priding ourselves upon the looseness of our Constitutional arrangements. We like to feel that we do not need, hie lesser...

BY A YOUNG CONSERVATIVE M.P. A MONG the more innocent of the delusions generated by the War was a curious faith, as natural, perhaps, as it was touching and ineffective, in the...

This article continues our series of studies of saintly characters who have in different ages and different manners exercised a trans. forming influence on the life of their...

By MOTH. Y OU like it ? " they say (they have been waiting for this). "Well, it is an unusual design (or an uncommon material : or a flavour you don't often meet with). I've got...

BY PEARL S. Buck, Author of The Good Earth. the farmer, sat at the door of his one-room house. IA It was a warm evening in late February, and in his thin body he felt the...

T HE Imports Duties Bill-has become law, having been sped on its way to the Statute Book by an ovation in the House of Commons, and a large majority in the House of Lords. The...

been less useful than the plain folk, men like Mr. Cosgrave in Ireland and Stresemann and Hindenburg in Germany. It is not yet certain whether the German President is to go out...

SPECTATOR.] SIR,-It is all very well to tell me to economize. I cannot help it with less to spend. Like most people, I find that with dividends either passed or reduced, and...

"Derby Day." A Comic Opera by A. P. Herbert. Music by Alfred Reynolds. At the Lyric Theatre, Hammersmith. WHEN the time comes for the compilation of a Guide to Guides to...

, It is a curious fact that in a depressed world flowers should still pay the producer better than food or fodder. Two of the props of Cornish farming are anemones, grown in...

tion, whether the contrast is wholly or chiefly the result of Climate and soil. A personal experience may illustrate the problem. I habitually buy butter from an English farmer...

of the past preemities of the season are worth recording. The red female flowers like hazel were open in Devon on Janu- ary 25th. A newly-laid starling's egg was found in...

experienced —a soaking summer, a hot winter giving place to frosty winds from North and East and a long drought—the Cornish farmer has had his difficulties and his losses. His...

labourers were receiving from £2 to £2 10s. a week in wages with some share in the profits. Knowing the seasonal and incidental demands of the business they were willing, they...

ships in the harbour of Madeira loaded with little frail baskets full of French beans for the London market. It is hardly less unexpected to see over the top of a Cornish wall,...

A good many gardeners hoped much from a bush known as the worcesterberry, alleged to be a cross between the black- currant and the gooseberry. It has proved a disappointment —I...

The change of coat from brown to white to fit the alleged snows of winter seems, on investigation, to be more common in the South of England than many of us have supposed. I...

CORNWALL'S PROSPERITY. A visit to a bit of England, which has been persistently recommended as an English Riviera, proved rich, not in warmth and sunshine, much less in the...

[In view of the length of many of the letters which we receive, we would remind correspondents that we often cannot give space for long letters and that short ones are generally...

to associate ourselves with the views expressed in the letter from Lord Cecil and others, published in The Times on February 18th. The issue involved in the dispute can be...

Sin,—May I respectfully point to one or two other conclusions in addition to those reached in your article of February 27th, with which I heartily agree ? Most people no doubt...

[To the Editor of the SPECTATOR.] SIR,—Sir P. S. Sivaswamy Aiyer's letter in your last issue will have permanent value. It is on such detached "contem- porary opinion that...

(To the Editor of the Seacraroa.) SIR, —Mr. Gladstone's simple-minded proposals for dealing with recidivism show a detachment from reality which it is rather fascinating to...

.[To the Editor of the SPECTATOR.] The letter published by you on February - 20th, under the above heading, expresses views widely promulgated in America by politicians and...

: [To the Editor of the SrEcTivron.] years ago the speech of no Empire politician was complete without reference to the need for migration. To- day the Press seems to leave the...

[To the Editor of the SPECTATOR.] Sm,—One admires the self-sacrifice of those who have offered to go between the opposing Japanese and Chinese armies. 'Yet is not the emphasis...

the spirit in which the "Peace Army" has offered its services in trying to stop the war by going East and taking its stand between the opposing forces, yet to some there seems a...

. [To the Editor of the SPECTATOR.] have replied to the long protests which Mr. Cuthbert Burgoyne and Mr. H. E. Laffer wrote to The Wine Trade Review, on subject of my article "...

[To the Editor of the SPECTATOR.] Snr,—I write as a commonplace man in the street, who has inherent in him the dominant instinct of what beauty means. We English people are...

SeEcrAvon.1 Sue,—Your r eviewer (I re g ret to discover) finds my introduc- tio n to Miss Stella Benson's " Christmas Formtda " po m p o u,s, surmisin g that "surely the...

[To the Editor of the SPECTATOR.] Sin,—When my friend the Headmaster of Eton is supported in this well-worn controversy by my old chief, a former Headmaster of Harrow, I am...

Iti.-EE a g ainst sky, with fallin g hair, I see him, bent and silent, still with blunt hands drive his flashin g shsro behind the patient horses there across that g entle...

[To the Editor of the SPECTATOR.] Sus,—The article by Major Yeats-Brown entitled "In a Turkish Hospital," is a timely reminder of the trend our medical servides are takin g .....

like Dean Welldon write reactionary letters on subjects on which they have no practical experience? Dean Welldon's position in the Church is apt to g ive value to-his...

our readers the appeal issued by the Bishop of Gibraltar for his Diocese, which includes the countries of Southern Europe and stretches to the east of the Mediterra- ne a n. The...

the Editor of the SPE C TATOR.] Sta,—Re g ardin g Major Yeats-Brown's article in the Spectator, entitled "Escap e and Prayer," will you g rant me a few lines in which to protest...

THE " SPECTATOR," MARCH 3RD, 1832. THE SILK TRADE. On Thursday, the Silk-trade and its distresses came under the review of the House. The Silk-trade is a mystery. It was...

or very clearly written on one side of the paper only. The name and address, or pseudonym, of the competitor must be on each entry and not on a separate sheet. When a word limit...

BANKING AND INSURANCE WEEK ENDING SATURDAY, MARCH 5, 1932. No. 5,410.] [GRATIS

World Depression—Abandoning the Gold Standard ON referring_ to the Banking Supplement of the Spectator a year ago I see that the sub-heading of the article was "A Difficult...

Deposits Decline ; Reduced Profits ONE of the conspicuous features of the balance-sheets of the joint stock banks was the general, and in the aggregate very substantial, fall...

IN considering the results announced in the annual reports of the Scottish Banking Institutions it is necessary to remember that, unlike the English Institutions, which make up...

IN the previous banking and insurance supplement of tliC Spectator, the writer gave reasons why holders of with: profit life assurance policies should not be unduly per'- turbed...

Tap Royal Mint is now 'nearing the end of the greatest re-coinage operation that it has ever' nndertaken—i.e., the , withdrawal of all silver coins issued prior to 1920, and the...

PROBABLY the majority of persons find their resources sadly lessened by the great fall that has taken place in the value of investments: The consequences are par- ticularly...

99 Fetter Lane, E.C. 4, and Published by Tem S. l'ECTAT., Lou., at their Offices No, 99 Gower Street, London, W.C. I.—Saturday. March 9, 1932.

The Work, Wealth and Happiness of Mankind. By H. G. ANY reviewer attempting to give a coherent impression of this book must feel as though he were n mannequin told to show off...

Arabia Felix. . By Bertram. Thomas., With an lid...mina:ion Avenue reading Arabia,Feli.e, one is tempted to ask what it is in Arabia that lures -not only the adventurer and...

Disarmament and Security since LoCamo. 2925-1931. By Common. Sense about Disarmament. By. . , Victor Lefebure., (Gollancz. Is. 6d.) The Politics of Naval Disarmament. BY...

TEE early eighteenth century was a Golden Age for meal of letters. But the happy time soon passed. Butler died in 1380, Dryden in 1700. "And honest Butler dyed exceeding poor,...

Manchuria : the Cockpit of Asia. By Col. P. T. Etherton and IT. Ilessell Tiltman, (Jarrolds. 12s. ad.) FOR the reader who wants a rough but fairly comprehensive summary of the...

THERE are various reasons why People read biographies— apart from the universal reasons for reading at all—which veer between the desire to grasp life and the desire to escape...

A Scotsman's Heritage. By the Hake of Athol' and others. (Alexander Maelehose and Co. 7s. 6d.) IT was a happy thought to get a number of representative . Scotsmen to trace the...

Harpoon. By Henry Ferguson. (Cape. 7s. 6d.) SIBERIA was perhaps the strangest prison ever irwented by the ingenuity of rulers. M. Zenzinov was sent there three times by the...

Himself. By Hazel Murphy. (Methuen. 7s. 6d.) 78. 6d.) 0 Providence. By John Hampson. (Hogarth Press. Is. Od.) Ballet for Three Masks is the most accomplished first novel I have...

friendship and the subsequent enmity of the Crawleys and the Edelsteins is symbolized in Ian's love for Paula, which is the first step in her undoing : and when Ian goes to...

story of a young woman who begins by loving her business, and then makes a business of love. The heroine would be attractive if she were not so shrewd and competent, but none of...

but sterling : her sister Celia was lovely but gilt : and the nice young doctor had to choose. An old, old story, told with the hearty sim- plicity of another old story, Little...

wrapper asserts that this is a charming and characteristic romance. Miss 'Tynan's large public will not quarrel with this estimate of the tale of Robin Pendarves.

To represent modem Spanish literature from 1898 to the present day by a collection of translated short stories is a difficult task and there is no doubt that the writers in...

7s. 6d.).—If there must still be War books, • this kind is the least distressing. It is a long, brisk recollection of women's doings on and off duty, told with invincible...

Russian family' life and of a girl's unhappy marriage as observed by her brother is simply and rather beautifully written, but all the vagueness and irrelevance, the...

CANADA By Alexander Brady ' A NOTABLE addition to the "Modern World" series, edited by Mr. H. A. L. Fisher, is Canada, by Professor Brady of Toronto (Berm, I8s.). We know of no...

inimitable," but (dare we say it ?) rather dull. -

6d.).—Mrs. Bracken could not decide how to apportion 280,000 among her four unwanted daughters. She ultimately left it all to the unmoral Juliet, who gives a sensational twist...

THE WILD TULIP. By F. L. Lucas. (Joiner and Steele. Os.)—Three women in the Convent of San Quirico—a nun, a lay sister, and the little novice Ottavia—fell in love. Tragedy...

• [We shall be pleased to reply to any inquiries arisim from the articles we publish on the Modern- Horne page. Inquiries should be addressed- to the Editor, The SPECFATOR, -90...

Those of us who like Wren's work admire him on this side of idolatry, but there are, of course, still some Ruskinians who dislike his classicism and deny that St. Paul's is a...

, Dr. Curtius has written one of those books so popular since • the War, in which a prominent publicist of one nation exam- ines and criticizes the characteristics of another....

, • The Far East is fully and fairly discussed in the March reviews. Bir Frederick Whyte in the Nineteenth Century deals plainly With "China, Japan and Manchuria," declaring...

Plight of Railway Stockholders Foss some few years now English Railway stocks might have been described as the Cinderella of the Stock Exchange. Holders not merely of Ordinary...

RISE rx PRICES. IT has been a good week on the Stock Exchange. Most of the factors operating have been of a favourable character, and notably, of course, the recent decline in...

As a consequence of the improvement in the general tone of markets, and of high-class investment securities in particu- lar, a stimulus has been given to the flotation of new...

Not the least interesting feature of Mr. II. Gordon Selfridge's address at the recent annual meeting of his company was his reference to the trade depression and the present...

At the meeting held last week of the Pearl Assurance Company, the Chairman, Mr. George Tilley, . was able to (Continued on nage 352.) Financial Notes (Continued from page...

The many City friends of Lord Inchcape have noticed with pleasure the announcement which appeared last week to the effect that his health has sufficiently improved to permit the...

. Having in an article above espoused the cause of those railway stockholders who are suffering from what is alleged to be unfair road competition. I could certainly be accused...