The National Liberals, in spite of their enormous difficulties, have not been exterminated. I am not going to enter into a barren inquiry as to whether their numbers are or are not greater than those of Mr. Asquith's followers. Let it be assumed that they are equal. The marvel is that under these fratricidal conditions so many Liberals of any complexion have been returned.

I am not setting forth these unhappy facts in order to prolong the controversy which has poisoned Liberalism for years, but in order to call attention to the vitality which, in spite of these depressing conditions, can bring up 4,100,000 voters to the polls. Electorally Liberalism is the balancing power, and if it casts its united strength against either reaction or subversion its influence must be decisive, whatever the composition of this parliament may be.

It is common knowledge that the Independent Liberals confidently anticipated the return of at least 120 members of their group. The fact that they only succeeded in securing the return of about fifty is naturally to them a source of deep disappointment.

If the failure of high hopes leads to contemplation of the real causes of that failure and a sincere desire is manifested to substitute co-operation for conflict my colleagues and I will welcome it. We cannot force our society on an unwilling company.

During the campaign I repeatedly expressed the hope that one outcome of this election would be to bring moderate men of progressive outlook in all parties to see the wisdom of acting together.

But progressive minds are by no means confined to the Liberal party. I have met and worked with them in the Conservative party, and the election will have taught many men and women in the Labour party that violent and extravagant proposals impede progress. If the limits are not too narrowly drawn, this parliament may witness the effective association of men of many parties who are genuinely concerned in the advancement of mankind along the paths of peace and progress for the attainment of their common ideals. If that end is achieved, the coming years will not be spent in vain.

One word as to the National Liberals. When the dissolution came no party was ever placed in a more embarrassing and even desperate situation.

The Conservatives have at their disposal a great political machine. The Labour party could command the support of all the trade unions, with their elaborate machinery for organising the wage-earning population. The Independent Liberals had in England and in Scotland captured the Liberal machine almost in its entirety, and had spent six years in perfecting it, their leaders having no other occupation.

The National Liberal leaders inherited no political machinery, and were too preoccupied with great world affairs to be able to devote any time to the improvisation of an effective new organisation.