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22nd. Coll. It is said to have been the ground of B. Jonson's "Alchymist;" but, saving the ridiculousnesse of Angell's part, which is called Trinkilo, I do not see any thing extraordinary in it, but was indeed wary of it before it was done. The King here; and indeed all of us pretty merry at the mimique tricks of Trinkilo. 23rd.

Nations fight that private companies may show a higher percentage on dividends. It is silly; it is almost incredible. But to shareholders and speculators instigated by these motives Norman Angell's appeal is futile. Even a victorious war may spell disaster to the nation; but even defeat spells cash for them.

If, then, Norman Angell's hopeful theory applies only partially to these common wars of Imperial aggrandisement and the perpetual diplomatic war by comparison of armaments, to what may we look for hope? Lord Rosebery would be the last person to whom one would look for hope in general. His hope is too like despair for prudence to smother.

"How can I tell her about that dreadful green floss and those patterns?" said Polly over and over to herself. "I must wait till we get out on the street." But when the two girls were outside the shop, Polly carrying the bundle of nuts tucked under her arm, it was just as bad, and she put it off until the corner was reached down which they must turn to go to Miss Angell's.

And worst of all, they were hurrying on so fast the lovely bit of news must be postponed, "How glad I am, Aunt didn't take it into her head to send me spinning off down there!" observed Alexia, glancing down the long thoroughfare with anything but a pleasant expression on her long face. "I just hate that Miss Angell's shop.

Max Eastman's chief collaborator, John Reed, endeavours to throw light on the preponderating role played by American capitalism in the war. In an article which adopts as title that of Norman Angell's book The Great Illusion, Reed declares that the pretence of fighting kings is maudlin, and that Money is the true king.

When she saw that Polly heard, and had turned back, she beckoned smartly with her long fingers, on which shone, as Alexia had once said, "all the rings the Rhys family had ever owned," drew in her head, and waited till Polly came up under the window again. "Oh, Polly, it's just this how fortunate you hadn't gotten far. I want you to tell Alexia to get me some more green floss at Miss Angell's."

But now the kings of the earth are raging financiers with a shrewd eye to business, and their subjects starve to pay them. We used to be told that the man who paid the piper called the tune. Do the people call the tune of peace or war? Not at all. The ruling classes both call the tune and pocket the pay. There is one other point that may obscure the hope arising from Norman Angell's book.

"I don't know whether I am patriotic," said Ellen, "but I won't call him Brandywine. Why, Miss Sophia?" "No, I wouldn't either," said Ellen Chauncey; "it isn't a pretty name. Call him Seraphine! like Miss Angell's pony that's pretty." "No, no 'Seraphine! nonsense!" said Miss Sophia; "call him Benedict Arnold, Ellen; and then it will be a relief to your mind to whip him."

To wars of this kind, I think, Norman Angell's comforting theory does not apply the great illusion does not come in. A strong Power may conquer Morocco, or Persia, or seize Bosnia, or enslave Finland, or penetrate Tibet, or maintain its hold on India, or occupy Egypt, or even destroy the Dutch Republics of South Africa, without disorganising its own commerce or raising a panic on its own credit.