Central London grew more turbulent with each hour that passed. There were all sorts of wild rumours, but, fortunately, the Press still preserved a dignified calm. The Cabinet were holding a meeting at Bristol, whither the Houses of Commons and Lords had moved, and all depended upon its issue. It was said that Ministers were divided in their opinions whether we should sue for an ignominious peace, or whether the conflict should be continued to the bitter end.

Disaster had followed disaster, and iron-throated orators in Hyde and St. James's Parks were now shouting "Stop the war! Stop the war!" The cry was taken up but faintly, however, for the blood of Londoners, slow to rise, had now been stirred by seeing their country slowly yet completely crushed by Germany. All the patriotism latent within them was now displayed. The national flag was shown everywhere, and at every point one heard "God save the King" sung lustily.

Two gunmakers' shops in the Strand, which had hitherto escaped notice, were shortly after noon broken open, and every available arm and all the ammunition seized. One man, unable to obtain a revolver, snatched half a dozen pairs of steel handcuffs, and cried with grim humour as he held them up: "If I can't shoot any of the sausage-eaters, I can at least bag a prisoner or two!"

The banks, the great jewellers, the diamond merchants, the safe-deposit offices, and all who had valuables in their keeping, were extremely anxious as to what might happen. Below those dark buildings in Lothbury and Lombard Street, behind the black walls of the Bank of England, and below every branch bank all over London, were millions in gold and notes, the wealth of the greatest city the world has ever known. The strong rooms were, for the most part, the strongest that modern engineering could devise, some with various arrangements by which all access was debarred by an inrush of water, but, alas! dynamite is a great leveller, and it was felt that not a single strong room in the whole of London could withstand an organised attack by German engineers.

A single charge of dynamite would certainly make a breach in concrete upon which a thief might hammer and chip day and night for a month without making much impression. Steel doors must give to blasting force, while the strongest and most complicated locks would also fly to pieces.

The directors of most of the banks had met and an endeavour had been made to co-operate and form a corps of special guards for the principal offices. In fact, a small armed corps was formed, and were on duty day and night in Lothbury, Lombard Street, and the vicinity. Yet what could they do if the Germans swept into London? There was but little to fear from the excited populace themselves, because matters had assumed such a crisis that money was of little use, as there was practically very little to buy. But little food was reaching London from the open ports on the west. It was the enemy that the banks feared, for they knew that the Germans intended to enter and sack the Metropolis, just as they had sacked the other towns that had refused to pay the indemnity demanded.

Small jewellers had, days ago, removed their stock from their windows and carried it away in unsuspicious-looking bags to safe hiding in the southern and western suburbs, where people for the most part hid their valuable plate, jewellery, etc., beneath a floor-board, or buried them in some marked spot in their small gardens.

The hospitals were already full of wounded from the various engagements of the past week. The London, St. Thomas', Charing Cross, St. George's, Guy's, and Bartholomew's were overflowing; and the surgeons, with patriotic self-denial, were working day and night in an endeavour to cope with the ever-arriving crowd of suffering humanity. The field hospitals away to the northward were also reported full.

The exact whereabouts of the enemy was not known. They were, it seemed, everywhere. They had practically over-run the whole country, and the reports from the Midlands and the North showed that the majority of the principal towns had now been occupied.

The latest reverses outside London, full and graphic details of which were now being published hourly by the papers, had created an immense sensation. Everywhere people were regretting that Lord Roberts' solemn warnings in 1906 had been unheeded, for had we adopted his scheme for universal service such dire catastrophe could never have occurred. Many had, alas! declared it to be synonymous with conscription, which it certainly was not, and by that foolish argument had prevented the public at large from accepting it as the only means for our salvation as a nation. The repeated warnings had been disregarded, and we had, unhappily, lived in a fool's paradise, in the self-satisfied belief that England could not be successfully invaded.