"Fashion counts with us, of course, for we are human and some of us are feminine. There was a fashion of patriotism as there is now a fashion of something that might easily be mistaken for its opposite. But the range of its influence is largely confined to a rather negligible element in London, the most provincial of capitals. The Press--and notably the Photographic Press--gives it a prominence out of all relation to its importance. The great majority are untouched by it. They talk little and they advertise less. But in a thousand quiet ways they are setting themselves to make good." "To make good money, you mean. Our world seems made up of profiteers and of those who would be profiteers but can't, and so abuse those who can. Can you name to me a period when there was a wilder rush for wealth, or a more blatant display of luxury? Sometimes I wish the War back; England was at her best when the call for sacrifice came home to her. But how--we hear great talk of Reconstruction, but I am reminded rather of the Restoration." "My friend," said the Sage, "I shall believe that this too is only a temporary phase. Memory is not our strong point, but you can perhaps throw back your mind to a year ago and recall how near we came to the ruin of our hopes. Victory took us by surprise; and we were less prepared for Peace at that moment than we ever had been for War. And, just as in the first days of the fighting we went astray, running after the cry, 'Business-as-usual,' so to-day we are making as bad a mistake when we run after 'Pleasure-as-usual'--or rather more than usual. But we soon revised that early error, and we shan't waste much time about revising this. For though we lacked imagination then, and still lack it, we have the gift, perhaps even more useful if less showy, of common sense. And when common sense is found in natures that are honest and hearts that are clean it may make mistakes, but not for long. "No, I am an optimist, and an incorrigible old fool, if you like, but I am certain that the spirit which won the War is not going to fail us at this second call. Perhaps we have only been waiting for the actual consummation of Peace to settle down to our new and greater task. "And now I must excuse myself from further dialogue, having a mission to perform in connection with this very task. I go to distribute a corrective for some of the evils of Peace, as indicated by you. My motor-lorry, stuffed with samples, awaits me without." "And what is the nature of your patent medicine?" said the Cynic, very cynically. "It is," replied Mr. Punch, very confidently but also very modestly,--"it is a little thing of my own. It is, in fact; my [Illustration: ONE HUNDRED AND FIFTY-SIXTH VOLUME".] * * * * * [Illustration: INDEX] * * * * * CARTOONS.