The tendency of phrases, as they grow old, is to turn into totems, for and against which political parties, and even great nations, fight unreasoningly. But before we either yield our allegiance to any of these venerable formulas, or decide to throw it out on the scrap-heap, there are advantages in looking to see whether or not there is some underlying meaning which may be worth attending to. It occasionally happens that circumstances have changed so much since the original idea was first crystallised in words, that the old saying contains no value or reality whatsoever for the present generation. More often, however, there is something of permanent importance behind, if only we can succeed in tearing off the husk of prejudice in which it has become encased. So, according to Disraeli, "the _divine right_ of Kings may have been a plea for feeble tyrants, but the divine right of government is the keystone of human progress." For many years the phrase _British interests_, which used to figure so largely in speeches {245} and leading articles, has dropped out of use, because it had come to be associated unfavourably with bond-holders' dividends. The fact that it also implied national honour and prestige, the performance of duties and the burden of responsibilities was forgotten. Even the doctrine of _laissez faire_, which politicians of all parties have lately agreed to abjure and contemn, has, as regards industrial affairs, a large kernel of practical wisdom and sound policy hidden away in it. But of all these derelict maxims, that which until quite recently, appeared to be suffering from the greatest neglect, was the need for maintaining the _Balance of Power_ in Europe. For close on two generations it had played no overt part in public controversy, except when some Tory matador produced it defiantly as a red rag to infuriate the Radical bull. If this policy of the maintenance of the _Balance of Power_ has been little heard of since Waterloo, the reason is that since then, until quite recently, the _Balance of Power_ has never appeared to be seriously threatened.[1] And because the policy of maintaining this balance was in abeyance, many people have come to believe that it was discredited. Because it was not visibly and actively in use it was supposed to have become entirely useless. This policy can never become useless. It must inevitably come into play, so soon as any Power appears to be aiming at the mastery of the continent. It will ever remain a matter of life or death, to the United Kingdom and to the British Empire, that no continental state shall be allowed to obtain {246} command, directly or indirectly, of the resources, diplomacy, and armaments of Europe.