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Updated: June 24, 2025


The ideal put forward by advocates of railway nationalisation and Irish independence, that in respect of trade and traffic Ireland should be a sort of watertight compartment, self-supporting and self-contained, is, I submit, a mischievous delusion which, if put into practice, would undo much of the good progress Ireland has recently made.

"It may accordingly be suggested that the business of banking, as understood in this country, is destined to be further divided into two parts, one of which is ripe for immediate nationalisation, and need no longer be carried on for private profit, whilst the other should be the sphere of a number of separate and diversely specialised organisations catering for particular needs.

"Please tell me," she said suddenly, "why do you attack my straw-plaiting? Is a co-operative farm any less of a stopgap?" Instantly his face changed. He drew up his chair again beside her, as gay and keen-eyed as before. "I can't argue it out now. There is so much to say. But do listen! I have a meeting in the village here next week to preach land nationalisation.

I am not quoting this instance by way of plea that the present remedy for the grave economic problems of Ireland lies in nationalisation of railways.

They were striking to get the pay and hours they wanted out of the Government, and, of course, for nationalisation. They were not idealists, and not Bolshevists, but frank grabbers, like most of us. But, as every one will remember, 'Bolshevist' had become at this period a vague term of abuse, like 'Hun' during the war.

The Dukes of Marlborough derive a heavy pension from the taxes of the country; but I have never observed that any Duke of Marlborough of my time felt himself a slave to the imperious taxpayer. Mr. Alfred Russel Wallace is justly the recipient of a Civil List annuity; but that hasn't prevented his active and essentially individualist brain from inventing Land Nationalisation. Mr.

Our consideration of the question of might showed that if Great Britain is to be strong enough to meet her responsibilities her people must nationalise themselves, while our reflections on the question of right showed that only from such nationalisation is a sound policy to be expected.

It is not a question of controversies, but rather of cross-purposes. As I went by Charing Cross my eye caught a poster about Labour politics, with something about the threat of Direct Action and a demand for Nationalisation. And quite apart from the merits of the case, it struck me that after all the direct action is very indirect, and the thing demanded is many steps away from the thing desired.

The cost of the nationalisation of Irish railways could not be less than fifty millions, while the annual charge on the Exchequer was assessed by the Irish Railways Commission at £250,000, and it was anticipated that a further recourse to Irish rates might be required.

Nationalisation will bring leadership, which in the political sphere becomes statesmanship, and the right kind of education, to give which is the highest ultimate function of national existence. I have tried in these pages to develop an idea which has haunted me for many years.

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