A good judge of statesmen said of Lord Rhondda that he would have made the greatest Chancellor of the Exchequer these islands had ever possessed. I do not think there can be any doubt of this, for his genius lay in figures and he had extraordinary swiftness in seeing his way through expensive chaos to economical order. His mind was constructive, if not positively creative. He was never happier--except when birds'-nesting or romping with young people--than when he was in an arm-chair working out with pencil and paper some problem of administration which involved enormous figures. He would sit up to the small hours of the morning over his work, and would come down to breakfast radiant with happiness, bursting with energy, exclaiming, "I had a glorious time last night!" Certainly he would have brought to the Treasury an original mind, and a mind, moreover, profoundly acquainted with the activities of trade and commerce--those important factors in national finance which appear to cut so small a figure in the minds of bankers and officials. Although a rather dull speaker, few men of my acquaintance were more lucid and convincing in conversation, particularly when he addressed a sympathetic mind. This was notably the case when he was unfolding his ideas on the conflicting theories of Individualism and Socialism. If his conversations on this head could be printed in a book they would make difficult work even for the most ingenious apologists of Socialism. He was persuaded that no theory of Socialism could be put into successful practice without involving the loss of personal freedom, and that without Individualism there would be no initiative, no audacity, and no creative energy in the development of an industry. Whenever he was in conflict with Socialists he would say to them, "Why don't you buy me out and run the mines yourselves? You have plenty of money in your unions, and I am quite willing to sell." There were several strange and interesting movements in his otherwise quite simple and boyish nature. For example, he had no religious faith worth speaking about, certainly no dogmatic faith of any kind; but he always said his prayers. Then he held the theory that old age was a form of disease, and so avoided, as much as possible, the society of old people, fearing contagion; the young people with whom he loved to surround himself, and on whom he delighted to play many practical jokes, he called his "young germs." He was entirely free from all forms of snobbishness, and would make fun of titles and honours and ridicule aristocratic pretensions; yet he went somewhat painfully out of his way to get a title from his Party when he retired from the House of Commons, and was justly indignant at the way this bargain was broken by the Liberal leaders of that day. I think he wanted a title at that time chiefly to prove to his constituents that he had faithfully done his duty by them.