era in the art of steamship management, and, at the same time,
studying for the Bar; and were I writing a biography of you, I would
have to include your interesting travels in distant lands in quest of
business and organizing it. That must be left for another occasion,
when the vast results to the commercial life of the country to which
you contributed may be fittingly told.

At the present time my vision recalls our joyous yachting cruises on
the Clyde, when poor Leadbitter added to the charm that stays. Perhaps
best of all were the golden days when we habitually took our week-end
strolls together by the edge of the inspiriting splendour of the blue
North Sea, strolls which are hallowed by many memories, and gave me
an opportunity of listening to your vehement flashes of human
sympathies, which are so widely known now. It is my high appreciation
of those tender gifts and of your personal worth, together with the
many acts of kindness and consideration shown to me when I have been
your guest, that gives me the desire to inscribe this book to you and
Lady Knott, and to the memory of your gallant sons, Major Leadbitter
Knott, D.S.O., who was killed while leading his battalion in a
terrific engagement in Flanders, and Captain Basil Knott, who fell so
tragically a few months previously at his brother's side.

With every sentiment of esteem,
I am, dear Sir James,
Ever yours sincerely,

WALTER RUNCIMAN.

March 1919.