with our loss of the covey. An unstable London's no world's market-
place.'

'No, no; it's a niggardly national purse, not the journals,' Mr. Radnor
said. 'The journals are trading engines. Panics are grist to them; so
are wars; but they do their duty in warning the taxpayer and rousing
Parliament. Dr. Schlesien's right: we go on believing that our God
Neptune will do everything for us, and won't see that Steam has paralyzed
his Trident: good! You and Colney are hard on Schlesien--or at him, I
should say. He's right: if we won't learn that we have become
Continentals, we shall be marched over. Laziness, cowardice, he says.'

'Oh, be hanged!' interrupted Fenellan. 'As much of the former as you
like. He 's right about our "individualismus" being another name for
selfishness, and showing the usual deficiency in external features; it's
an individualism of all of a pattern, as when a mob cuts its lucky, each
fellow his own way. Well, then, conscript them, and they'll be all of a
better pattern. The only thing to do, and the cheapest. By heaven!
it's the only honourable thing to do.'

Mr. Radnor disapproved. 'No conscription here.'

'Not till you've got the drop of poison in your blood, in the form of an
army landed. That will teach you to catch at the drug.'

'No, Fenellan! Besides they've got to land. I guarantee a trusty army
and navy under a contract, at two-thirds of the present cost. We'll
start a National Defence Insurance Company after the next panic.'

'During,' said Mr. Fenellan, and there was a flutter of laughter at the