"Modern Kingship"

Closer and closer last week, Carol II edged from Kingship to Dictatorship. He announced that hereafter he will attend every session of the Cabinet. He called to his royal palace his old leering tutor, Professor Nicholas Jorga (the new Prime Minister) and other members of the new Cabinet. To them he said: "I have now found a group of men--yourselves--with whose co-operation I hope to realize my ideals!"

To this Premier Jorga, well coached, responded: "Your Majesty's activities will not be restricted by any respect for obsolete formalities. . . . Modern kingship is founded, in the first place, upon the concentration in itself of forces for the good of the country. . . . Consequently, it is necessary to sweep away pseudo-democratic prejudices, for every politician realizes that a group of altruistic but wise men can achieve much more than the whole structure of a democracy. . . ."

The first act of the altruistic-but-wise men and King Carol last week was to decree that hereafter 10% shall be the maximum interest payable by any rural debtor in Rumania. Heretofore village loan sharks have bled many a hard-pressed farmer to economic death by loans at 60% plus.

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