About the American press I know and can say little. I will speak only of things with which I am familiar. I am inclined to think that there has been a considerable increase of deliberate lying in the British press since 1914, and a marked loss of journalistic self-respect. Particular interests have secured control of large groups of papers and pushed their particular schemes in entire disregard of the general mental well-being. For instance, there has recently been a remarkable boycott in the London press of a very able collectivist book, Sir Leo Money's _Triumph of Nationalization_, because it would have interfered with the operation of very large groups which were concerned in getting back public property into private hands on terms advantageous to the latter. It is a book not only important as a statement of a peculiar economic view, but because of the statesmanlike gravity and clearness of its exposition. I do not think it would have been possible to stand between the public and a writer in this way in the years before 1914. A considerable proportion of the industrial and commercial news is now written to an end. The British press has also suffered greatly from the outbreak of social and nationalist rancour arising out of the great war, the inability of the European mind to grasp the Bolshevik issue, and the clumsy blunderings of the Versailles settlement. Quite half the news from Eastern Europe that appears in the London press is now deliberate fabrication, and a considerable proportion of the rest is rephrased and mutilated to give a misleading impression to the reader. But people cannot be continuously deceived in this way, and the consequence of this press demoralization has been a great loss of influence for the daily paper. A diminishing number of people now believe the news as it is given them, and fewer still take the unsigned portions of the newspaper as written in good faith. And there has been a consequent enhancement of the importance of signed journalism. Men of manifest honesty, men with names to keep clean, have built up reputations and influence upon the ruins of editorial prestige. The exploitation of newspapers by the adventurers of "private enterprise" in business, has carried with it this immense depreciation in the power and honour of the newspaper. I am inclined to think that this swamping of a large part of the world's press by calculated falsehood and partisan propaganda is a temporary phase in the development of the print nexus: nevertheless, it is a very great inconvenience and danger to the world. It stands very much in the way of that universal adult education which is our present concern. Reality is horribly distorted. Men cannot see the world clearly and they cannot, therefore, begin to think about it rightly.