During the entr'actes Mr. Gladstone most interestingly talked of his sixty years' experience of the opera. He knew all the great operas of that period, and criticised with wonderful skill the composers and their characteristics. He gave a word picture of all the great artists who had appeared on the English stage and the merits and demerits of each. A stranger listening to him would have said that a veteran musical critic, who had devoted his life to that and nothing else, was reminiscing. He said that thirty years before the manager of Covent Garden had raised the pitch, that this had become so difficult that most of the artists, to reach it, used the tremolo, and that the tremolo had taken away from him the exquisite pleasure which he formerly had in listening to an opera.
Mr. Gladstone was at that time the unquestionable master of the House of Commons and its foremost orator. I unfortunately never heard him at his best, but whether the question was of greater or lesser importance, the appearance of Mr. Gladstone at once lifted it above ordinary discussion to high debate.
Mr. Gladstone asked many questions about large fortunes in the United States, was curious about the methods of their accumulation, and whether they survived in succeeding generations. He wanted to know all about the reputed richest man among them. I told him I did not know the amount of his wealth, but that it was at least one hundred millions of dollars.
"How invested?" he asked.
I answered: "All in fluid securities which could be turned into cash in a short time."
He became excited at that and said: "Such a man is dangerous not only to his own country but to the world. With that amount of ready money he could upset the exchanges and paralyze the borrowing power of nations."
"But," I said, "you have enormous fortunes," and mentioned the Duke of Westminster.
"I know every pound of Westminster's wealth," he said. "It is in lands which he cannot sell, and burdened with settlements of generations and obligations which cannot be avoided."
"How about the Rothschilds?" I asked.
"Their fortunes," he answered, "are divided among the firms in London, Paris, Vienna, and Frankfort, and it would be impossible for them to be combined and used to unsettle the markets of the world. But Mr. —— could do this and prevent governments from meeting their obligations."