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But, for the present, Schoenberg, the composer, is almost completely obscured by Schoenberg, the experimenter. For the present, he is the great theoretician combating other theoreticians, the Doctor of Music annihilating doctor-made laws. As such, his usefulness is by no means small. He speaks with an authority no less than that of his adversaries, the other and less radical professors.

On the contrary, the deviations made from his theory were, in his opinion, the sole cause of the whole disaster, and with characteristically gleeful sarcasm he would remark, "There, I said the whole affair would go to the devil!" Pfuel was one of those theoreticians who so love their theory that they lose sight of the theory's object its practical application.

He and his are lost the moment they cease to obey this rule. Every Jacobin, like every African monarch or pasha, must it that he may be and remain at the head of his band. That is the reason why the chiefs of the party, its natural and pre-determined leaders, are theoreticians able to grasp its principle and logicians capable of drawing its consequences.

To those who are familiar with the literature of international Socialism it will be unnecessary to say that Plechanov was not the man to deprecate the importance of sound theory as a guide to the formulation of party policies. For many years he was rightly regarded as one of the greatest theoreticians of the movement.

What should this rate be is sometimes hotly disputed but usually it is the coupon of "riskless" securities, such as treasury bonds. But since few companies distribute dividends theoreticians and analysts are increasingly forced to deal with "expected" dividends rather than "paid out" or actual ones. The best proxy for expected dividends is net earnings.

Later theoreticians brought this school in connection with one school of meditative Buddhism, the so-called northern school. Men who belonged to this school of painting often were active court officials or painted for the court and for other representative purposes. He was also famous for his Buddhistic figures.

Science and art and learning and religion, all have their representatives. Then, too, the political world is well to the front. There are honest and unscrupulous Ministers of State, upright and venal deputies, enthusiastic and cautious candidates for power, together with social theoreticians of various schools.

Whether this is more than superstition or a mere gut reaction remains to be seen. It is the work of theoreticians of finance. Alas, they are consumed by mutual rubbishing and dogmatic thinking. The few that wander out of the ivory tower and actually bother to ask economic players what they think and do and why are much derided. It is a dismal scene, devoid of volatile creativity.

Having found a basis in the workingman movement of their country, the Russian socialistic theoreticians have become more practical, and their activity turns back to the realm of European socialism, which is to be found in the doctrines of Karl Marx.

These men, though enchanted with the sovereign for refusing the command of the army, yet blamed him for such excessive modesty, and only desired and insisted that their adored sovereign should abandon his diffidence and openly announce that he would place himself at the head of the army, gather round him a commander in chief's staff, and, consulting experienced theoreticians and practical men where necessary, would himself lead the troops, whose spirits would thereby be raised to the highest pitch.