Devout as His Grace was, as a man permeated with a sense of responsibility who, incidentally, also ran factories on his estates, he never closed his mind to the realization that the human mind these days has in many respects freed itself from the tutelage of the Church. He could not imagine how a factory, for example, or a stock-exchange deal in wheat or sugar could be conducted on religious principles; nor was there any conceivable way to run a modern, large-scale landed estate rationally without the stock exchange and industry.

