BAGEHOT, WALTER (1826-1877).--Economist, _s._ of a banker, _b._ at
Langport, Somerset, _ed._ at University Coll., London, and called to the
Bar, but did not practise, and joined his _f._ in business. He wrote for
various periodicals, and from 1860 was editor of _The Economist_. He was
the author of _The English Constitution_ (1867), a standard work which
was translated into several languages; _Physics and Politics_ (1872), and
_Lombard Street_ (1873), a valuable financial work. A collection of
essays, biographical and economic, was _pub._ after his death.


BAILEY, PHILIP JAMES (1816-1902).--Poet, _s._ of a journalist, _b._ at
Nottingham, and _ed._ there and at Glasgow, of which he was made an LL.D.
in 1891. His life was a singularly uneventful one. He lived at
Nottingham, Jersey, Ilfracombe, London, and again at Nottingham, where he
_d._ He travelled a good deal on the Continent. He was by profession a
barrister, but never practised, and devoted his whole energies to poetry.
His first poem, _Festus_ (1839), is, for the daring of its theme and the
imaginative power and moral altitude which it displays, one of the most
notable of the century; as the work of one little past boyhood it is a
prodigy of intellectual precocity. Along with its great qualities it has
many faults in execution, and its final place in literature remains to
be determined. It was _pub._ anonymously, and had great success, but has
fallen into unmerited, but perhaps temporary, neglect. Among its greatest
admirers was Tennyson. The subsequent poems of B., _The Angel World_
(1850), _The Mystic_ (1855), _The Age_ (1858), and _The Universal Hymn_
(1867), were failures, and the author adopted the unfortunate expedient
of endeavouring to buoy them up by incorporating large extracts in the
later editions of _Festus_, with the effect only of sinking the latter,
which ultimately extended to over 40,000 lines. B. was a man of