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THE NATURE OF A MORATORIUM.

"It's a big ship" (I could overhear Ethel's voice through the open nursery window). "I know perfectly well it is. It's one of the Cunarders."

"Well, you're quite wrong then," (this from Jack). "It was passed through Parliament. You can't pass a ship through Parliament."

"It's the sister ship to the _Lusitania_--so there!"

Joan's thoughtful voice intervened.

"I can tell you what it is," she said. "It's a place for burying people--a sort of big tomb where they put dead kings. There's one at Windsor."

Curiously enough I was myself at the moment rather puzzled as to what it was and how it worked.

"Do you know, William," I said to my host, "that you are owing me ten pounds and I've got to get home to-day, and I've no money?"

"Oh, but I shan't pay it now," he replied shamelessly.

"Why not?"

"I'm going to put a Moratorium on you. I don't know, of course, if that's quite the correct phrase. The thing is new to me. But at least I can see how it works. You had better try James. He owes you five, and he never reads the papers, so he may not have heard of it."

I went at once into the library, where I found James making up a parcel of three half-sovereigns to send to his bank. No one is going to accuse James of hoarding gold.

"About that fiver," I began.

"Ah, yes. I was just coming out to talk to you about that before you went," said he. "Now that I'm sending all this stuff to the bank I'm just afraid I may be a bit short. I'll tell you what I think we ought to do, you and I, I think we ought to enter into a temporary Moratorium. All the best people are doing it. Of course I don't know if that's the right phrase. But I begin to see how it works."

"It doesn't apply to sums under five pounds," said I severely.

"That's true. I admit it's a pretty narrow squeak. I just managed to get on board, so to speak. Still, as the debt is five pounds----"

"I'll take £4 19_s_. 11_d_.," said I, and held out my hand.

"That's not playing the game," said James. "Can't you see you're going to encourage all sorts of panic if you go about reducing debts in that sort of way? What is to become of British credit if a man in your position shows himself willing to accept sweeping reductions for the sake of getting hold of cash? I'm just a little ashamed of you."

"Well, I've got to get home to-day. The ticket costs over five pounds, and I've only got sixteen shillings."

"Nothing simpler, my dear fellow," said James cheerfully. "You ask the booking-clerk for a ticket--pick it up--cover him with a Moratorium (if that's the proper phrase) and hop into the train. The sixteen bob will come in for tips."

I went back to William and sat down. "The upshot of it is, William," I said, "that I can't go. You had better consider pretty carefully what you're doing. I don't think the Moratorium was intended to work in this sort of way. I've got to report myself at the War Office, and I can't go. You may think you're acting as a good citizen should. You may not be hoarding gold or hoarding food, but you are hoarding me."

"It doesn't apply to National Insurance payments," said William brightly, "if that's any help to you."

"It only goes on till the 4th of September," I reminded him, "and the bank rate was recently as high as ten per cent. and may easily go up again. You've got to pay interest on it, you know."

That was where I had him. "How will you take it?" he asked, thrusting a hand into his pocket.

"In new pound notes," said I.

We nursed no malice; nay, we thanked you much Because your head-piece, swollen like a tumour, Lent to a dullish world the needed touch Of saving humour.

What with your wardrobes stuffed with warrior gear, Your gander-step parades, your prancing Prussians, Your menaces that shocked the deafened sphere With rude concussions;

Your fist that turned the pinkest rivals pale Alike with sceptre, chisel, pen or palette, And could at any moment, gloved in mail, Smite like a mallet;

Master of all the Arts, and, what was more, Lord of the limelight blaze that let us know it-- You seemed a gift designed on purpose for The flippant poet.

Time passed and put to these old jests an end; Into our open hearts you found admission, Ate of our bread and pledged us like a friend Above suspicion.

You shared our griefs with seeming-gentle eyes; You moved among us cousinly entreated, Still hiding, under that fair outward guise, A heart that cheated.

And now the mask is down, and forth you stand Known for a King whose word is no great matter, A traitor proved, for every honest hand To strike and shatter.

This was the "Day" foretold by yours and you In whispers here, and there with beery clamours-- You and your rat-hole spies and blustering crew Of loud Potsdamers.

And lo, there dawns another, swift and stern, When on the wheels of wrath, by Justice' token, Breaker of God's own Peace, you shall in turn Yourself be broken.

O. S.

I continue this record of our daily lives at Totland Bay on August 12th. Before it appears in Mr. Punch's columns great and decisive events may have happened, but at present, except for such slight distractions as I shall relate, we are still calm and peaceful. When we think or speak of Belgium our faces glow, and we are all resolved, should the need arise, to do as Belgium has done, and to do it in the same resolute and unconquerable spirit. In the meantime we rush for the newspapers with a constantly increasing eagerness. At about 11 A.M. the whole of Totland Bay is filled with people reading their papers in the open air. Everybody bumps into everybody else, but nobody minds. A gentleman the other day set out in a canoe and read the morning's news to a party of swimmers, who appeared to be much invigorated by what they heard.

On Sunday night, just as we had finished dinner, we suddenly heard the report of a great gun from the fort at the Needles. The explosion was followed by three plaintive answering notes from a fog-horn. "They're firing at a ship," said someone, and out we all rushed to the nearest vantage-point, and even as we ran another gun went off and again the fog-horn answered with its bleat. The searchlights were striking great shafts of light along the Solent, and far away their beams outlined the shape of a big ship. She was still advancing on her course, when--Bang! another violent explosion shattered the night. This time it came from the fort just over the pier of Totland Bay. The echoes reverberated and rumbled, and the shot tore past close to the ship. Now she took the warning. There were no more appeals from the fog-horn. Slowly she turned and disappeared into the darkness. Possibly she had been at sea for a long time and knew nothing of the war. How she must have marvelled at this strange and dreadful welcome from the Isle of Wight. We went to our beds that night with a feeling of perfect security.

On land, too, we have had our excitements. Yesterday afternoon, when the heather-clad slopes of Headon Hill were crowded with picnickers, there was a sudden alarm of spies. Some men, reported to have been conversing in German, were said to have been peering into cracks in the ground and otherwise behaving in a most suspicious manner. The alarm was given, and almost instantly, springing as it were from the very bowels of the earth, came some half-dozen soldiers running with rifles and fixed bayonets. Amid the shouts of the children they spread about the heather in their hunt, but nothing came of it, for the "spies," though they were caught, turned out to be some Italians resident in Totland Bay and fervently British in their sympathies.

I mentioned last week that we had a children's maid, a German, in our household. Since then, in obedience to the Act, she has been registered as an "alien enemy." I took her by train to Newport for that purpose. On arriving at the station I hailed a fly. "Where to, Sir?" said the driver. "To the police-station," I answered, and the man broke out into a grin. "It isn't a serious offence," I added, but I doubt if he believed me. At the police-station, however, they were quite prepared for us, and in a very few minutes Maria Hasewitz--that is her eminently German name--had had all the particulars of her birth-place, her age, her height, and her personal appearance entered on a blue form by a jocose and affable sergeant. "Brown eyes, I think," said the sergeant; "height, five feet four inches; no beard or moustache, ha-ha. Now sign here and make a mark with your left thumb in this space. That'll pin you down; no escape after that, ha-ha." He produced a board covered with some black sticky substance, dabbed her thumb in it, dabbed it hard on the paper, and, lo, Maria Hasewitz had been registered and had undertaken not to move five miles from Totland Bay without a special permit.

At present this particular alien enemy is engaged, together with all the other available female members of the household, in making pyjamas for our soldiers. Wonderful deeds are being done all round me with scissors and needle and thread. A sewing-machine has been requisitioned. Button-holes are being manufactured with immense expedition. A good deal of "basting" is being got through. In my illimitable ignorance I had hitherto imagined that basting was something that you did to a joint of meat with a big ladle and some gravy. If you did it sufficiently the joint came out succulent, if not it became dry and you abused the butcher. However, we live and learn. Part, at any rate, of three suits of pyjamas that are to go to the Red Cross to-day has been severely and completely basted without either gravy or a ladle.

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