Inquirer (a Unitarian weekly) a remarkable series of letters on that event and its immediate sequents, defending the usurpation vigorously and outlining his political creed, from whose main lines he swerved but little in after life.  Waiving the question whether the defense was valid,—­and like all first-rate minds, Bagehot is even more instructive when he is wrong than when he is right, because the wrong is sure to be almost right and the truth on its side neglected,—­the letters are full of fresh, acute, and even profound ideas, sharp exposition of those primary objects of government which demagogues and buncombe legislators ignore, racy wit, sarcasm, and description (in one passage he rises for a moment into really blood-stirring rhetoric), and proofs of his capacity thus early for reducing the confused cross-currents of daily life to the operation of great embracing laws.  No other writing of a youth of twenty-five on such subjects—­or almost none—­is worth remembering at all for its matter; while this is perennially wholesome and educative, as well as capital reading.

From this on he devoted most of his spare time to literature:  that he found so much spare time, and produced so much of a high grade while winning respect as a business manager, proves the excellent quality of his business brain.  He was one of the editors of the National Review, a very able and readable English quarterly, from its foundation in 1854 to its death in 1863, and wrote for it twenty literary, biographical, and theological papers, which are among his best titles to enduring remembrance, and are full of his choicest flavors, his wealth of thought, fun, poetic sensitiveness, and deep religious feeling of the needs of human nature.  Previous to this, he had written some good articles for the Prospective Review, and he wrote some afterwards for the Fortnightly Review (including the series afterwards gathered into ’Physics and Politics’), and other periodicals.

But his chief industry and most peculiar work was determined by his marriage in 1858 to the daughter of James Wilson, an ex-merchant who had founded the Economist as a journal of trade, banking, and investment, and made it prosperous and rather influential.  Mr. Wilson was engaging in politics, where he rose to high office and would probably have ended in the Cabinet; but being sent to India to regulate its finances, died there in 1860.  Bagehot thereupon took control of the paper, and was the paper until his death in 1877; and the position he gave it was as unique as his own.  On banking, finance, taxation, and political economy in general his utterances had such weight that Chancellors of the Exchequer consulted him as to the revenues, and the London business world eagerly studied the paper for guidance.  But he went far beyond this, and made it an unexampled force in politics and governmental science, personal to himself.  For the first time a great political thinker applied his mind week by week to discussing