settled. It had often been said that nothing short of an earthquake would unnerve the Manchester commercial man; those who were responsible for the statement had evidently not turned a thought to a German invasion. That had done it completely.
In the cafés and the hotels, where the master-spinners and the manufacturers had been wont to forgather after high 'Change, there were the usual gatherings, but there was little or no discussion on business matters, except this: there was a common agreement that it would, in present circumstances, be inadvisable to keep the mills running. Work must be, and it was, completely suspended. The shippers, who had the manufacturers under contract to supply certain quantities of goods for transportation to their markets in India, China, and the Colonies, trembled at the very contemplation of the financial losses they would inevitably sustain by the non-delivery of the bales of cloth to their customers abroad; but, on the other hand, they also paid heed to the great danger of the vessels in which the goods were placed falling into the hands of the enemy when at sea. The whole question was full of grim perplexities, and even the most impatient among the shippers and the merchants had to admit that a policy of do-nothing seemed the safest course of procedure.
The chaotic scenes on 'Change in the afternoon were reproduced in the streets in the evening, and the Lord Mayor, towards eight o'clock, fearful of rioting, sent special messengers to the headquarters of three Volunteer corps for assistance in regulating street traffic. The officers in command immediately responded to the call. The 2nd V.B.M.R. took charge of Piccadilly and Market Street; the 4th were stationed in Cross Street and Albert Square; and the 5th lined Deansgate from St. Mary's Gate to Peter Street. Mounted constabulary, by the exercise of tact and good temper, kept the crowds on the move, and towards midnight the pressure became so light that the officers felt per-
