The reference in the foregoing passage to the report on "The Government Organisation of Unemployed Labour," prepared concurrently with the organisation of the Conference, is by no means adequate. The Report attracted but little attention at the time, even in the Society itself, but it is in fact the first typically Fabian publication, and the first in which Sidney Webb took part. Much subsequent experience has convinced me that whenever Webb is on a committee it may be assumed in default of positive evidence to the contrary that its report is his work. Webb however maintains that to the best of his recollection the work was shared between Podmore and himself, the simple arrangement being that Podmore wrote the first half and Webb the second. The tract is an attempt to deal with a pressing social problem on constructive lines. It surveys the field, analyses the phenomena presented, and suggests practicable remedies. It is however a very cautious document. Webb was then old as an economist, and very young as a Socialist; none of the rest of the Committee had the knowledge, if they had the will, to stand up to him. Therefore we find snippets from the theory of economic "balance" which was universally regarded as valid in those days. "In practice the government obtains its technical skill by attracting men from other employers, and its capital in a mobile form by attracting it from other possessors. It gets loans on the money market, which is thereby rendered more stringent; the rate of interest rises and the loans made to other borrowers are diminished," But the particular interest of the Report at the present day is the fact that it contains the germs of many ideas which more than twenty years later formed the leading features of the Minority Report of the Poor Law Commission. At that time it was universally believed that the slum dwellers of London were mainly recruited by rural immigrants, and this error--disproved several years later by the painstaking statistical investigations of Mr. (now Sir) H. Llewelyn Smith--vitiates much of the reasoning of the Report.