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 wheat areas were getting weary and populous, and many of the big towns had so lowered the water level of their available hills that they suffered a drought every summer. The whole system was rushing towards bankruptcy. And they were spending every year vaster and vaster amounts of power and energy upon military preparations, and continually expanding the debt of industry to capital. The system was already staggering when Holsten began his researches. So far as the world in general went there was no sense of danger and no desire for inquiry. They had no belief that science could save them, nor any idea that there was a need to be saved. They could not, they would not, see the gulf beneath their feet. It was pure good luck for mankind at large that any research at all was in progress. And as I say, sir, if that line of escape hadn't opened, before now there might have been a crash, revolution, panic, social disintegration, famine, and—it is conceivable—complete disorder The rails might have rusted on the disused railways by now, the telephone poles have rotted and fallen, the big liners dropped into sheet-iron in the ports; the burnt, deserted cities become the ruinous hiding-places of gangs of robbers. We might have been brigands in a shattered and attenuated world. Ah, you may smile, but that had