In Bale’s view wealth is a necessary accompaniment of distinction. He longed to be aristocratically indifferent to money, and it humiliated him that not only was he not rich, but that to keep up the style of living his position demanded involved no inconsiderable strain. And, as a matter of fact, his financial position was precarious and depended entirely upon the fluctuating and speculative income he derived from the business of Blum & Co. Obviously, therefore, Mr. Maurice Blum was not a person with whom Bale could afford to quarrel. Wherefore he mastered his resentment and accepted the change of the name of the firm to Blum & Co., and the incidental reduction of his income that change implied with a smile on his face in spite of the bitterness in his heart. To a man less adroit than he, the change in the partnership might well have constituted a serious check in his upward career, but once more Bale’s native resourcefulness asserted itself. This crisis in his private affairs took place when the country was torn by dissensions over Tariff Reform. He had early learnt to fish in troubled waters, and the political upheaval gave him his opportunity; he promptly crossed the floor of the House and obtained, without paying for it, a baronetcy as his reward. * * * * * Sir Matthew Bale is tall and slender; his head is well placed on his shoulders, he has clear-cut features, a firm mouth with excellent teeth, and is clean-shaven. Although he is over fifty, he has plenty of hair, originally sandy, but now tinged with grey, which he parts at the side and brushes straight back from the forehead. He dresses with a certain quiet elegance, and he has a way of drawing down his cuffs as he talks to you, and of placing the tips of his fingers together so that you notice his nicely kept nails. He speaks in a low tone, which he only raises when he forgets himself, and relies for emphasis on little restrained gestures adopted by him, together with other tricks of speech and manner, from his wife’s male relations. In this he is unconscious of imitation, for he is by nature adaptable and his desire to be identified with the aristocracy is instinctive. He has now associated himself with the extreme Radical and Labour wing, where it flatters his vanity to think he is regarded as an elegant exotic. A constant saying of his is “Keep your eye on labour,” but, though they don’t say so, the Labour Members keep their eye on him and regard his advances with distrust. He has been active on departmental committees, and has on occasion served as chairman. It did not need a long experience to teach him that whatever the ostensible object of these convenient arrangements may be, their usual purpose is to throw dust in the eyes of the public, to burke discussion, and to save the face of embarrassed ministers. Therefore, whenever he was appointed, his first step was invariably to make certain what the wish of the minister was who nominated him.