1951-03-17 — Page 12

12

The ECONOMIC CONSEQUENCES of staying in BED

THE LIFE-OF-JOHN MAYNARD KEYNES. By R. F.

Harred. Macmillan, Züs. 674 pages.

THE CHINA-MAIL,

PEOPLE

SMUGGLERS

HOLIDAY

by JON HOPE

·SATURDAY, · MARCH– 17,--1951.

A⠀⠀⠀British Crossword

Puzzle

For 14 years Patrick Pringle,

has been making money, out of

smuggling. But legally.

Ho started off, when he was 19, by writing a book for boys about smugglers.

Then

he -Koynes the statesman, as dis- searched for " history of this tinct from Keynes the profound precarious profession, failed to economist, will be judged by find it, so made good the de- those final years. Judgment clency by producing one him- self. His typewriter has been will be based not on a sheaf of tapping out tales about old-time Stato papers Ecomparable in smuggler

Over elegance but on dialectical

But now Pringle la desorting whether the decisions he took, the Customs evaders who have stood him in such good stood. and forced on others by his And to whom is he transferring GEORGE suasion, were, in fact, sound,

NYONE who wishes to solve the problem of how to make money without actually working should consider the mothod adopted by Keynes, who, starting from poverty, made a respectable fortune by staying in bed in the mornings. This is not, however, the whole art of easy money,

It in advisable to be an expert economist and to have the nerve of a gambler. It is also a good idea to have some capital.

by ..

MALCOLM

extraordinary gift for per-his affections? Highwaymen.

story of their exploits- called, naturally, "Stand and Taking, as he did, a tragic Deliver””—will be ready Cale

month. THOMSON view of Britain's immediate

financial prospects, was he right—InTMhis 400-year-old Susagx Fir pressing the Government to

to home AA Milne is bury on a ocept the American Loan, which book of essays. I found him hio negotiated in Washington, quite unmoved by the banning having gone there determined to his "Winnie The Pooh" by

Department accept the money only if it was free of interest? He had mis-

“Keynes did-not-have enough. The consequence was that

Big Bertha after making a net profit of National Gallery. £19,000 in 1920 in speculations was shelling Parts at the tee markot was de- in the franc and the dollar he so that the.

At the same time, Bound himself faced with a de- pressed.

a Cezanne for mand for £7,000 in transactions Keynes bought

Jimself. in dollars and marks.

He had gambled on the ex- pectation that the mark would alump and the dollar would rise. Both unaccountably stuck fast.

Zt was idle to say that in the Bong run everything would be all right. As Keynes himself exid later, "In the long run we are all dead." The demand for cash was immediate. A financler whom he did not know lent him £5,000. After that Keynes went Juto the commodity

Morkels.

Tthe same time, he had a A stroke

of misfortune over his impending book, Economic Consequences of the Peace Treaty, on which he was taking all the financial risk.

Half of the first edition, coming by sea from Edinburgh, was jettisoned in a gate. Three bales, cast ashore In Denmark wore sold there by auction,

Ultimately all the profits on the English edition went to incet A less his losses in speculation. self-assured young man would have gambled no more. Keynes plunged deeper and, in four vears, had £57,000. He died worth £450,000, allowing £31, 000 for his pictures and £20,000 for his books.

Bonat Law, when Chancellor, was indirectly semunsible for starting Keynes's plature collec- tion. Keynes, about to visit Paris on Treasury business, dia- cavored tha! Dotas's private

collection was

DEFORE the war Keynes had D been in the India Office, where in two years the had shipped one pedigree bull to Bombay.

During the war be

was in the Treasury, where he managed the nation's external

finances,

Culturo

(they called

judged the change in American war-mongering").

temper.

Mr Milne can afford to remain unruffled. In Britain alone there But, convinced Britain must have been, to date, about 600,- have the money, he also per-000 customers for "Winnie The suaded himself she, must awal-Pooh," In all, some 2,000,000 low the terms. There will be copies of his children's books doubt whether, in the last year have been sold here. of his life, Keynes had the Well on with

his accord steadiness of spirit which critical novel is Giles Romilly, Chur- decisions require. He is not, of chill's nephew. Its theme? Ho responsible for the is keeping it secret-oven from course, scandalous mismanagement of his publishers. His first novel, the money later on.

tentatively titled Now the war over, he was a

"Christina don, a business man, a polemical

Faille," is due early spring. writer

Harrod's life of 14-

a man he

• The late George Orwell's fluence, bursar' of his old co-mired and followed is affee-books are doing well in the lege-raising the capital value inmate without being uncritical. J.S.A. His novel, "1984,"

"topped Making skilful use of a large the

400,000 market, nearly print coples being bought. Two more gives a fascinating portrait of one of the most brilliant English-British novelists continuing to men of the century.

American capture

renders favour Joyce Cary (with "The AND Horse's Mouth" and "A Fearful By Joy") and Henry Green (with

oddly titled "Nothing"),

international of

of the "Chest" from £30,000 to number of Private fetters, it lists in the wide-selling ro

£380,000 when he died. He was also a high priest of "Blooms- bury."

For those were the days when the nightingales sang-and the parakeets chattered in Gordon Square, to which Keynes brought Lydia Lopekova, the exquisite

ballerina who became his wife. Characteristically, alm ost Keynes's Arst act on meeting

her was to

THE

ASSYRIAN, OTHER STORIES. William Saroyan. Faber. 108. 6d. 288 pages.

KAROYAN, in suggest Improve SAR

ments in her Investments,

Bolween the wars Keynes influenend thought a great deal, policy less, events hardly at all. He was a Liberal in the sense that he agreed with Asquith one day, Lloyd George the next, and Beaverbrook the day after. ite Was a Liberal in the sense thot entertained the Liberal Summer School with a Greek tragedy.

Liberals could provide all the Greek tragedy they needed.

fit

The

coming up for WHEN the second war came auction. With £20,000 of the he was back in the Treasury, nation's montry, which the Tho only difference was that Chancellor let him play with, the Treasury was a step nearer

pictures for...the bankruptcy.

be bought 13

these storles, continues his impersonation of an absent-minded man going for a stroll along tight-rope. lie ought not to reach the other end, he ought not to be on the rope at all, the meandering creature. But he has our sym- pathy, in the end our confidence.

In an expansive preface, he telis how much money he was paid by magazines for the cleven stories in this new col- lection, For The Cocktail Party 5,000 dollars; for The Pheasant

Hunter 3,000 Big

1,000 Big money, but

they are good storles For the rest- he got about 500 dollars,

For three of them, to money at all. They appeared in The American Review.

(World Copyright „London Expreía. Service.)

Reserved

1000

18

ACROSS

1 Out of doors.

& Sugar solution. 8 Tom.

Brenic in continuity.

11 Debate. 12 Moan.

14 Malicable.

16 Submits io,

13

19 sh

20 Empty. 24 Practice.

25 Chaeement.

26 Require.

27 Not yet in office, 28 Distant

1 Grey..

2 Actual

3 Lily.

DOWN

4 Wilderness,

5 Hank.

6 Rute prescribed.

7 Plece of crockery.

10 Claw.

13 Clett.

14 Roscue.

15 Zealous.

17

Leap.

19 Bowman.

21 Assistant.

22 Novice.

23 Giant.

YESTERDAY'S CROSSWORD.—-Across: 1 Bumps, 4 Crisis, 8 Stream, 10 Astir, 12 Permit, 14 Concede, 17 Mean, 19 Inspect, 20 Preface, 22 Leaf, 23 Awarded, 27 Sealed, 29 Criod, 80 Detall

Down: Basic, 2 Moran, 3 Shape, 31 Dufers, 33 Tasty,

5 Reim, 6 Settee, 7 Sprint, 9 Medical, 11 Simper, 18 Renewed, 15 Ogre, 18 Coffee, 18 Acme, 20 Placid, 21 Basier, 24 Adept. 25 Dials, 20 Dally, 20 Adds.

HAVE YOU EVER DREAMED THAT- B

LETTERS WERE MOVING UP TO YOU ENDLESSLY, GROWING

LARGER AND LARGER —-

-THIS

DREAM MEANS:

There are times when things loom very large in your life; when the small things soom tremendous and the slightest task seems too big

to tackle.

Che SNAPSHOT GUILD

Arranging subjects naturally makes for plezalng pictures when you take snaps of small groups..

Group Subjects Naturally

DW camera subjects are more start by grouping your subjects popular, than groups of re- naturally. People just don't stand latives and friends, Yet I know shoulder to shoulder, backed few which seem to give the against a wall, unless facing a casual snapshooter greater trou- fring squad! ble.

good Today's picture le = Seemingly even wise picture- example of a simple means of takers, who rarely fall to make injecting life into a shot of good suaps of single people, fall three people. You'll notice that to make interesting, well-com- two of the group are standing posed pictures when confronted and one sitting, that the heads with

the three subjects do a group shot. Too often of they fall back on the old busi- mako a sraight line, that two ness of lining their subjects up of the subjects are close t

the third a little bit removed. row, facing the camera,

All these things send to keep Actually, group pictures can

the

"from becoming as Interesting as any

in pictures dividual shots

monotonous. when they are

Another trick that adds to skillfully done. But you must this shot's effectiveness is that the group is concentrating its attention in one direction. This gives the picture unity. And, with the spacing of the subject, it helps establish a major centre of interest.

In

be

AND THEN THAT OBJECTS GREW LARGER —AND LARGER — AND LARGER:

It has been one of those days. When things become larger and larger in the dream, it's because you are feeling smaller and smaller.

A little

It will pass off. Don't worry, modesty did no one any harm.

not together,

Above all, such a grouping is natural and not forend in any why. And with = Uitlo thought it's

easy

fore

to obtain natural groupings. The same three people, for example, might be seated on a flight” of steps. One on one step and two on a at the step below, looking up other who might be saying something to them.

incidentally, you'll, and that one of the surest ways to better your group smaps is to have someone either talking or show- ing something to other members. of the group. This gives the ple- ture Inforest which it iseks when every subject Laces the camera:-- Interest every picture needs to be effective.

*---John vin Guilder

If A. Corbett Alexander, well-known riding master at Pinehurst, N.C., had lived in the days of King Arthur's 'Round Table, he would have given the knights some competition in the tilting ring. He is shown'

here scoring a bullseye in the tilting contest, one of the many popular mounted games at a gymkhana in Pine-

burst.

James Fitzpatrick, left, whose voice and direction go into the making of screen travelogues," is current-

ly in Auckland, N.Z., making an authentic film about the natives. Here he tells two Maori women what to do,

before the camera.

This 'Ice-like box la an electric "brain" used in the remote-control aircraft turret systems developed by the General Electric Company for bombers, Shown in Schenectady, NY, at 65 degrees below zero, the brain is used in the Convair B-36 where it functions under

extrame temperature conditiona, jud

Mrs Roy EEBIE the new

14Y Faversing

proceanis Collowing in her daughters" foot.

est kur bachelor's WILE Let