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 prise, as not yet ripe for nationalization. Since it calls for discrimination, decision, quickness and courage, and all these qualities official training tends to destroy, Mr. Webb was evidently wise in following Solomon's example and proposing to bisect the baby. Bankers maintain that banking could no more work than a baby could live in two separate sections.

Another admirer of the Douglas scheme was Professor Soddy, who, however, only went so far as not to imply "that the scheme might not be a great improvement upon the present one." He might have told us how it was going to work. But he classes it as a temporary palliative, "for no system founded upon usury can be stable," and leaves it, thereby adding to the many disappointments of his pamphlet on "Cartesian Economics, the Bearing of Physical Science upon State Stewardship." As it happened, this reprint of his two lectures to the Student Unions of Birkbeck College and the London School of Economics, delivered in November 1921, came into my hands just after I had been reading again some of Huxley's essays and wishing that we could have in these tangled days some words of counsel from that keen, calm thinker and clear writer. Surely these great scientific men of to-day ought to have something to say about straightening out