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4 ECONOMIC INQUIRIES AlIID STUDIES
improvement in the miscellaneous information, which
was more particularly in his own care, but an improve-
ment as well in the general character of the papers
read at our meetings. One explanation of this improve-
ment must of course have been the steady growth of the
Society in numbers and resources, and in the standard
of statistical excellence; but the improvement was not
altogether a spontaneous growth from below, it was
encouraged from above in a variety of ways. I can
speak from personal knowledge of Mr. Newmarch's
exertions to make the best use of his materials, and to
diffuse a genuine love and appreciation of the study
he favoured. It was extremely characteristic of him
that to the last he was strongly interested in young
men. Wherever he could see any talent or liking for
economics and statistics in a younger generation than
his own, he was the first to applaud. I am proud to
acknowledge for myself 'that lowe the beginning of
my close connection with the . business of the Society
to Mr. N ewmarch's kindness, and I have had reason
to observe in many other cases his warm interest in
youth, and the pains he took to encourage and bring
others forward. His services, however, were manifold,
and it is only fitting that, as he identified himself so
closely with us, we should do honour to his name. The
success of the Newmarch Memorial Fund must be to
all of us a matter for satisfaction. The memory of the
great" services he rendered will be perpetuated in an
appropriate manner.
I n the death of Professor J evons the Society has
also sustained a very great loss. Partly because he
was so much junior to Mr. Newmarch, and had prob-
ably many years of life left in which to render us dis-
tinguished service, and partly because of the engross-
ing nature of his literary work, which made formal
business distasteful to him, Mr. J evons never took the
pro"minent part in the daily work of the Society for
'polr.which his eminent gifts and labours as a statistician
o well qualified him. He was for some years, how-