July 30.
It is assumed that Lord Camrose's purchase of the "Morning Post" for so comparatively small a gute as £150,000 may involve merger of that journal—the oldest London daily—with its now owner's vigorous "Daily Telegraph," itself the bearer of great traditions, It is more than probable that the event had been largely discounted in advance in Fleet-street so the resultant hardship. may not be so great as accrued, for! example, from the disappearance of the "Daily Chronicle" as a separate entity. Moreover conditions in the "street" are reported tobe reflect~ ing the present buoyant state of industry generally. Lord Camrose's announcement neither confirms nor denies the possibility of a merger. Regret at the evidence of the famous newspaper's difficulties {2 tempered by satisfaction that it] thas fallen into such hands as those. of ils new owner and not into the rapacious nel of the "stunt" peers whose journalistic adventures are y was in lacking faith in the applicability of those principles to the constitutiond problems of the Empire. This was not due so much to a loss of contact with realities as, perhaps, to a, too impatient intolerance of the' smugness which s0 often mars the. presentation, of progressive views. The "Morning Post" has been well-informed on labour issues and has not allowed {ts conservatism to warp its sense of social justice, It has frankly {fulfilled the role of champion of the aristocratic tradition without sycopliancy or snobbery, Nothing can bbe more severe than its chastis ment of those who are false to that tradition, Tt 1s not ashamed to wear the "old school tle", but it never fails to remember. that the privilege has unesc able responsibilities. The genius of Lord Camrose may be able to ensure extension of the "Morning Post's" career of usefulness, albeit better armed against the dangers of modern newspaper com= petition, 'That would indeed be happy outcome of his purchase. He right be inspired by the knowledge" that in its 165 years' existence the {Journal has survived more than one apparently desperate crisis,
Text read from the printed page and cleaned; old type leaves the occasional error.