an original thinker in either sphere; far from it. But I do think that what he brought to political and economical science, he brought in some sense from _outside_ their normal range,—that the man of business and the financier in him fell within such sharp and well-defined limits, that he knew better than most of his class where their special weakness lay, and where their special functions ended. This, at all events, I am quite sure of, that so far as his judgment was sounder than other men’s—and on many subjects it was much sounder—it was so not in spite of, but in consequence of, the excursive imagination and vivid humour which are so often accused of betraying otherwise sober minds into dangerous aberrations. In him both lucidity and caution were directly traceable to the force of his imagination. Walter Bagehot was born at Langport on February 3, 1826. Langport is an old-fashioned little town in the centre of Somersetshire, which in early days returned two members to Parliament, until the burgesses petitioned Edward I. to relieve them of the expense of paying their members,—a quaint piece of economy of which Bagehot frequently made humorous boast. The town is still a close corporation, and calls its mayor by the old Saxon name of Portreeve, and Bagehot himself became its Deputy-Recorder, as well as a Magistrate for the County. Situated at the point where the river Parret ceases to be navigable, Langport has always been a centre of trade; and here in the last century Mr. Samuel Stuckey founded the Somersetshire Bank, which has since spread over the entire county, and is now the largest private bank of issue in England. Bagehot was the only surviving child of Mr. Thomas Watson Bagehot, who was for thirty years Managing Director and Vice-Chairman of Stuckey’s Banking Company, and was, as Bagehot was fond of recalling, before he resigned that position, the oldest joint-stock banker in the United Kingdom. Bagehot succeeded his father as Vice-Chairman of the Bank, when the latter retired in his old age. His mother, a Miss Stuckey, was a niece of Mr. Samuel Stuckey, the founder of the Banking Company, and was a very pretty and lively woman, who had, by her previous marriage with a son of Dr. Estlin of Bristol, been brought at an early age into an intellectual atmosphere by which she had greatly profited. There is no doubt that Bagehot was greatly indebted to the constant and careful sympathy in all his studies that both she and his father gave him, as well as to a very studious disposition, for his future success. Dr. Prichard, the well-known ethnologist, was her brother-in-law, and her son’s marked taste for science was first awakened in Dr. Prichard’s house in Park Row, where Bagehot often spent his half-holidays while he was a schoolboy in Bristol. To Dr. Prichard’s ‘Races of Man’ may, indeed, be first traced that keen interest in the speculative side of ethnological research, the results of which are best seen in Bagehot’s book on ‘Physics and