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 can be "any stronger contrast than that which exists between the beauty, the completeness, the speed and the precision with which every process is performed in our factories, and the awkwardness, the rudeness, the slowness, the uncertainty of the apparatus by which offences are punished and rights vindicated. . . . Surely we see the barbarism of the thirteenth century and the highest civilization of the nineteenth century side by side, and we see that the barbarism belongs to the Government, and the civilization to the people." Since Macaulay spoke there have been improvements, which he would have thought incredible, in our industrial processes, but at least in matters of finance the barbarism of Governments is even more barbarous than it was, as has been shown above, and the late war was not nearly as well paid for as the Crimean or the Napoleonic.

If ever the day comes when democracy or any other "cracy" can solve the problem of getting a continuous supply of the right people to do the governing job, and when all the other nations have done likewise, and when the nations have also learnt to live together so friendly and trustfully as to have confidence in an international paper currency, then perhaps we may be able to enjoy the use of a