'How very delightful Max's drawings are. For all their mad perspective and crude colour, they have, indeed, the sentiment of style, and they reveal with rarer delicacy than does any other record the spirit of Lloyd- George's day.' This sentence is not quite original: it is adapted from an eminent author because the words sum up so completely the inexpressible satisfaction following an inspection of Mr. Beerbohm's caricatures. To-day essentially belongs to the Minister who once presided at the Board of Trade. Several attempts indeed have been made to describe the literature, art and drama of the present as 'Edwardian,' from a very proper and loyal spirit, to which I should be the last to object. We were even promised a few years ago a new style of furniture to inaugurate the reign--something to supplant that Louis Dix-neuvieme _decor_ which is merely a compromise with the past. But somehow the whole thing has fallen through; in this democratic aeon the adjective 'Edwardian' trips on the tongue; our real dramatists are all Socialists or Radicals; our poets and writers Anarchists. Our artists are the only conservatives of intellect. Our foreign policy alone can be called 'Edwardian,' so personal is it to the King. Everything else is a compromise; so our time must therefore be known--at least ten years of it--as the Lloyd-Georgian period. I can imagine collectors of the future struggling for an _alleged_ genuine work of art belonging to this brief renaissance, and the disappointment of the dealer on finding that it dated a year before the Budget, thereby reducing its value by some thousands.