Take a pair of compasses and twiddle them on a sheet of paper. Is the resulting curve a circle or an ellipse? Copernicus from his standpoint on the sun declares that owing to the FitzGerald contraction the two points drew nearer together when turned in the direction of the earth's orbital motion; hence the curve is flattened into an ellipse. But here I think Ptolemy has a right to be heard; he points out that from the beginning of geometry circles have always been drawn with compasses in this way, and that when the word 'circle' is mentioned every intelligent person understands that this is the curve meant. The same pencil line is in fact a circle in the space of the terrestrial observer and an ellipse in the space of a solar observer. It is at the same time a moving ellipse and a stationary circle. I think that illustrates as well as possible what we mean by _the relativity of space_. It is sometimes complained that Einstein's conclusion that the frame of space and time is different for observers with different motions tends to make a mystery of a phenomenon which is not after all intrinsically strange. We have seen that it depends on a contraction of moving objects which turns out to be quite in accordance with Maxwell's classical theory. But even if we have succeeded in explaining it to ourselves intelligibly, that does not make the statement any the less true! A new result may often be expressed in various ways; one mode of statement may sound less mysterious; but another mode may show more clearly what will be the consequences in amending and extending our knowledge. It is for the latter reason that we emphasize the relativity of space--that lengths and distances differ according to the observer implied. Distance and duration are the most fundamental terms in physics; velocity, acceleration, force, energy, and so on, all depend on them; and we can scarcely make any statement in physics without direct or indirect reference to them. Surely then we can best indicate the revolutionary consequences of what we have learnt by the statement that distance and duration, and all the physical quantities derived from them, do not as hitherto supposed refer to anything absolute in the external world, but are relative quantities which alter when we pass from one observer to another with different motion. The consequence in physics of the discovery that a yard is not an absolute chunk of space, and that what is a yard for one observer may be eighteen inches for another observer, may be compared with the consequences in economics of the discovery that a pound sterling is not an absolute quantity of wealth, and in certain circumstances may 'really' be seven and sixpence. The theorist may complain that this last statement tends to make a mystery of phenomena of currency which have really an intelligible explanation; but it is a statement which commends itself to the man who has an eye to the practical applications of currency.