Mr.Lloyd George argues with his capitalist supporters that capitalism will be all the stronger when freed from its parasites.

But Lord Rosebery could answer that the active could no more be distinguished from the passive capitalists than landowners from bondholders.
An article in the world's leading Socialist newspaper, _Vorwaerts_, of Berlin, shows that many Socialists even regarded these speeches as revolutionary:-- "The Radical wing of the British Liberals," it said, "is leading the attack with ideal recklessness and lust of battle.

It is conducting the agitation in language which in Germany is customarily used only by a 'red revolutionist.' If the German Junker (landlord conservative) were to read these speeches, he would swear that they were delivered by the Social Democrats of the reddest dye, so ferociously do they contrast between the rich and the poor.

They appeal to the passion of the people; they exploit social distinctions in the manner best calculated to fire popular anger against the Lords.
"In the heart of battle the Liberals are employing language which at other times they would have considered twice.

Their words will some day be assuredly turned against them, when more than the mere Budget or the existence of the Lords is at stake.