be remembered. Geraldine was by far the greatest parliamentarian of our time and the adroitest party chief. Like Mayot, he was a professional, and the game was never out of his mind. Being mostly Irish in blood, he had none of Trant's Englishness or Waldemar's iron dogmas; his weapons were endless ingenuity, audacity and humour. He wanted to return to power, and might use the Liberals to oust the Government.

But in that case why should Waldemar be Prime Minister? Geraldine would never kill Charles to make James king … Mayot could reach no conclusion, and resolved to wait and watch.

The parliamentary session through six blistering weeks dragged itself to a close. The Budget debate was concluded after eight all-night sittings, the Factory Bill passed its third reading and went to the Lords, and there was the usual massacre of lesser measures. It had been Mayot's habit to go to Scotland for the autumn vacation, for he had a good grouse moor and was a keen shot. But that year he changed his plans and resolved to stalk Waldemar.

Now, Waldemar was something of a valetudinarian, and every year, after the labours of the session, was accustomed to put himself for some weeks in the hands of an eminent physician who dwelt in the little town of Erdbach in the Black Forest. Moreover, Waldemar was not like Geraldine and Mayot himself; he had hobbies other than politics, and, just as Sir Derrick Trant was believed to be more interested in Gloucester cattle, wild white clover and dry-fly fishing than in Parliament, so Waldemar was popularly supposed to prefer the study of birds to affairs of State.

Mayot, professing anxiety about his blood pressure, became an inmate of Dr Daimler's kurhaus, and prepared himself for his task by a reading of small popular works on ornithology.

At Erdbach he spent three weeks. I happened to meet him there, for I stopped at the principal hotel for two days while motoring to Switzer-land, and ran across him in Waldemar's company while taking an evening walk. Waldemar had no particular liking for Mayot, but he had nothing definitely against him except his politics, and the two had never been much pitted against each other in the House. When I saw them they seemed to have reached a certain degree of intimacy, and Mayot was listening intelligently to a discourse on the Alpine swift, and trying to identify a specimen of tit which Waldemar proclaimed was found in Britain only in the Spey valley. The Liberal leader was in a holiday mood, and he was flattered, no doubt, by Mayot's respectful docility.

He talked, it seemed, a great deal of politics, and one of Mayot's suspicions was confirmed. He was slightly more civil about the Tories than about the Government. Geraldine, indeed, he profoundly distrusted, but he was quite complimentary about certain of Geraldine's colleagues. And he made two significant remarks. British politics, he thought, were moving back to the old two-party division, and in his opinion the most dangerous reactionary force was Sir Derrick Trant. Trant was the legitimate leader and the natural exponent of diehard Conservatism—a class- consciousness which would in the long run benefit the capitalist, and a chauvinism which might plunge his country into war … After a rather tedious three weeks Mayot returned to his neglected grouse, with a good deal of vague information about birds, and a clear conviction that there had been several pourparlers between Waldemar and the Tories. He seemed to have got the pointer he wanted.

But a fortnight later he changed his mind. Geraldine's chief lieutenant, a man of whom Waldemar had spoken with approval, addressed a political demonstration in the park of an Aberdeenshire castle. The speech, which became famous as the 'Issachar speech,' was a violent attack upon the Liberals. Labour was dismissed as a confusion of thought based upon honourable inclinations, but Liberalism was denounced as a deliberate blindness, an ossification of heart and an atrophy of brain. What were the boasted 'Liberal principles,' the speaker asked, but dead and decomposing relics? Waldemar was described as Issachar, an 'ass between two burdens,' one being his precious dogmas and the other a deadweight of antediluvian jealousies and fears.

Mayot, who read the speech one evening after coming in from a grouse-drive, decided with a sigh that he must try a cast on another line.

2

Chapter

The autumn session began under the shadow of unemployment. The figures were the worst since the War, and it was generally believed would pass the three million point by Christmas. Industries which six months before had been slightly on the upgrade were now going back, and industries which had been slightly depressed were now going downhill with a rush. People began to talk of a national emergency Government, and a speech of Trant's was interpreted as a feeler. Mayot pricked up his ears and set himself to study the omens.

It was clear that there was no friendliness between Waldemar and Geraldine. The spirit of the Issachar speech was apparent in the first debate, and there were some brisk passages in the House between the two leaders. Then Geraldine went on the stump in Scotland and the industrial north. His one theme was unemployment, and he had enormous meetings everywhere, with enthusiastic overflows. He really felt the tragedy of the situation, and he gave the unemployed the feeling that he understood their case and would stick at nothing to find a remedy. There was no doubt that he made headway as against the inertness of the Prime Minister, who was in the hands of the Treasury officials, and the stub-born formalism of Waldemar.

At Durham he outlined his programme, the chief point in which was a new emigration policy. Thousands, he said, had been permanently disinherited from the work for which they had been trained; certain industries must face the fact of a permanent reduction to a lower level; what was to be done with the displaced? Trant had a transference scheme working, but it could only account for a fraction. The resources of the Empire must be brought in to meet the deficiencies of one part of it. The Dominions had virgin land, unharnessed power; Britain had the human material; the situation was ripe for a deal. Geraldine proposed to short-circuit the whole existing emigration machinery. He had been in Canada the year before, and had fixed upon two areas, one in British Columbia and the other on the Peace River, for a great national experiment. He proposed to buy or lease the land from the Canadian Government, exactly as a private citizen might acquire a Canadian estate. Then he proposed to call the best business talent in Britain and Canada to his aid, and to establish a new chartered company to develop the area. Roads and railways would be built, townships laid out, water and electric power provided, just as in a scheme of private development. Unskilled jobs in the preliminary construction would be found at once for thousands of the unemployed in Britain, and in the meantime others would be put into training for farm and industrial work later. The new settle-ments would be not only agricultural, but also industrial, and whole industrial units would be transplanted bodily from Britain. Each British district would contribute its quota of emigrants, and it was believed that, in a scheme which appealed so strongly to the imagination, so far from there being a disinclination to emigrate there would be a brisk competition to get on the quota. He foreshadowed a new chartered company of adventurers, like the Hudson Bay and the East India Companies, and he hoped to have it run by able business men whose reputation would be pledged to its success. It would be financed by a twenty million loan, issued with a guarantee by the British Government, and Geraldine believed that a good deal of money would be forthcoming for the purpose from the Dominions and even from the United States.

This policy, preached in depressed areas with Geraldine's eloquence to audiences deep in the mire of unemployment, had a considerable success. Waldemar was, of course, in violent opposition. He harped on the iniquities and corruption of chartered companies in the past, and he in-geminated the word 'inflation.' Trant pooh- poohed the whole thing. You could not cure an ill, he said, by running away from it; he was a simple Englishman, who disliked a grandiose Imperialism run for the benefit of Jews. But the most serious disapproval was in Geraldine's own party—the 'big business' group, who were afraid of the effect of such a loan on the markets. The younger Tories as a whole were enthusiastic, and, what is more—significant, the Left Wing of Labour blessed it cordially. It was their own line of country, the kind of thing they had been pressing on their otiose leader. Trant's life was made a burden to him by endless questions in the House from his own people, and Collinson, a young Labour member from the Midlands, declared that Geraldine was the best Socialist of them all, since he alone had the courage to use in an emergency the corporate power and intelligence of the State.

Mayot considered hard. The omens pointed to an alliance between Waldemar and the Tory Right Wing. But how was that possible? The anti-Geraldine Tories were to a man Protectionists, and Waldemar and his party would die in the last ditch for Free Trade … What about a grouping of the Labour Left and the Tory Left? On the matter of ultimate principles, no doubt, there was a deep cleavage, for the most progressive young Tory would have nothing to do with Marxism. But after all, Marxism was becoming a very shadowy faith, and in practical politics it was easy to conceive Tory and Labour youth lining up. Both were natural Protectionists, and abominated Whiggism and all its ways. He noticed how in the House the two groups seemed to be friendly, and mingled constantly in the smoking- room. A volume of political essays had recently been published, to which Geraldine had written a preface, and the

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