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 He uncovered his face, and held up one hand for silence.

"We are all of us," he said, "old enough to remember vividly the demonstrations made in the streets of London when war was declared between us and the Transvaal Republic. You, Mr. Oover, doubtless heard in America the echoes of those ebullitions. The general idea was that the war was going to be a very brief and simple affair—what was called 'a walk-over.' To me, though I was only a small boy, it seemed that all this delirious pride in the prospect of crushing a trumpery foe argued a defect in our sense of proportion. Still, I was able to understand the demonstrators' point of view. To 'the giddy vulgar' any sort of victory is pleasant. But defeat? If, when that war was declared, every one had been sure that not only should we fail to conquer the Transvaal, but that it would conquer us—that not only would it make good its freedom and independence, but that we should forfeit ours—how would the cits have felt then? Would they not have pulled long faces, spoken in whispers, wept? You must forgive me for saying that the noise you have just made around this table was very like to the noise made on the verge of the Boer War. And your procedure seems to me as unaccountable as would have seemed the antics of those mobs if England had been plainly doomed to disaster and to vassalage. My guest here to-night,