by Edward Bellamy
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"Of course not."

"A government which in your day," continued the doctor, "had limited its undertaking to protect citizens from violence to merely preventing murders would not have lasted a day. There were no people so barbarous as to have tolerated it. In fact, not only did all civilized governments undertake to protect citizens from assaults against their lives, but from any and every sort of physical assault and offense, however petty. Not only might not a man so much as lay a finger on another in anger, but if he only wagged his tongue against him maliciously he was laid by the heels in jail. The law undertook to protect men in their dignity as well as in their mere bodily integrity, rightly recognizing that to be insulted or spit upon is as great a grievance as any assault upon life itself.

"Now, in undertaking to secure the citizen in his right to life on the economic side, we do but studiously follow your precedents in safeguarding him from direct assault. If we did but secure his economic basis so far as to avert death by direct effect of hunger and cold as your pauper laws made a pretense of doing, we should be like a State in your day which forbade outright murder but permitted every kind of assault that fell short of it. Distress and deprivation resulting from economic want falling short of actual starvation precisely correspond to the acts of minor violence against which your State protected citizens as carefully as against murder. The right of the citizen to have his life secured him on the economic side can not therefore be satisfied by any provision for bare subsistence, or by anything less than the means for the fullest supply of every need which it is in the power of the nation by the thriftiest stewardship of the national resources to provide for all.

"That is to say, in extending the reign of law and public justice to the protection and security of men's interests on the economic side, we have merely followed, as we were reasonably bound to follow, your much-vaunted maxim of 'equality before the law.' That maxim meant that in so far as society collectively undertook any governmental function, it must act absolutely without respect of persons for the equal benefit of all. Unless, therefore, we were to reject the principle of 'equality before the law,' it was impossible that society, having assumed charge of the production and distribution of wealth as a collective function, could discharge it on any other principle than equality."

"If the court please," I said, "I should like to be permitted at this point to discontinue and withdraw my suit for the restoration of my former property. In my day we used to hold on to all we had and fight for all we could get with a good stomach, for our rivals were as selfish as we, and represented no higher right or larger view. But this modern social system with its public stewardship of all capital for the general welfare quite changes the situation. It puts the man who demands more than his share in the light of a person attacking the livelihood and seeking to impair the welfare of everybody else in the nation. To enjoy that attitude anybody must be a good deal better convinced of the justice of his title than I ever was even in the old days."



"Nevertheless," said the doctor, "I have stated only half the reason the judges would give wherefore they could not, by returning your wealth, permit the impairment of our collective economic system and the beginnings of economic inequality in the nation. There is another great and equal right of all men which, though strictly included under the right of life, is by generous minds set even above it: I mean the right of liberty—that is to say, the right not only to live, but to live in personal independence of one's fellows, owning only those common social obligations resting on all alike.

"Now, the duty of the state to safeguard the liberty of citizens was recognized in your day just as was its duty to safeguard their lives, but with the same limitation, namely, that the safeguard should apply only to protect from attacks by violence. If it were attempted to kidnap a citizen and reduce him by force to slavery, the state would interfere, but not otherwise. Nevertheless, it was true in your day of liberty and personal independence, as of life, that the perils to which they were chiefly exposed were not from force or violence, but resulted from economic causes, the necessary consequences of inequalities of wealth. Because the state absolutely ignored this side, which was incomparably the largest side of the liberty question, its pretense of defending the liberties of citizens was as gross a mockery as that of guaranteeing their lives. Nay, it was a yet more absolute mockery and on a far vaster scale.

"For, although I have spoken of the monopolization of wealth and of the productive machinery by a portion of the people as being first of all a threat to the lives of the rest of the community and to be resisted as such, nevertheless the main practical effect of the system was not to deprive the masses of mankind of life outright, but to force them, through want, to buy their lives by the surrender of their liberties. That is to say, they accepted servitude to the possessing class and became their serfs on condition of receiving the means of subsistence. Although multitudes were always perishing from lack of subsistence, yet it was not the deliberate policy of the possessing class that they should do so. The rich had no use for dead men; on the other hand, they had endless use for human beings as servants, not only to produce more wealth, but as the instruments of their pleasure and luxury.

"As I need not remind you who were familiar with it, the industrial system of the world before the great Revolution was wholly based upon the compulsory servitude of the mass of mankind to the possessing class, enforced by the coercion of economic need."

"Undoubtedly," I said, "the poor as a class were in the economic service of the rich, or, as we used to say, labor was dependent on capital for employment, but this service and employment had become in the nineteenth century an entirely voluntary relation on the part of the servant or employee. The rich had no power to compel the poor to be their servants. They only took such as came voluntarily to ask to be taken into service, and even begged to be, with tears. Surely a service so sought after could scarcely be called compulsory."

"Tell us, Julian," said the doctor, "did the rich go to one another and ask the privilege of being one another's servants or employees?"

"Of course not."

"But why not?"

"Because, naturally, no one could wish to be another's servant or subject to his orders who could get along without it."

"I should suppose so, but why, then, did the poor so eagerly seek to serve the rich when the rich refused with scorn to serve one another? Was it because the poor so loved the rich?"


"Why then?"

"It was, of course, for the reason that it was the only way the poor could get a living."

"You mean that it was only the pressure of want or the fear of it that drove the poor to the point of becoming the servants of the rich?"

"That is about it."

"And would you call that voluntary service? The distinction between forced service and such service as that would seem quite imperceptible to us. If a man may be said to do voluntarily that which only the pressure of bitter necessity compels him to elect to do, there has never been any such thing as slavery, for all the acts of a slave are at the last the acceptance of a less evil for fear of a worse. Suppose, Julian, you or a few of you owned the main water supply, or food supply, clothing supply, land supply, or main industrial opportunities in a community and could maintain your ownership, that fact alone would make the rest of the people your slaves, would it not, and that, too, without any direct compulsion on your part whatever?"

"No doubt."

"Suppose somebody should charge you with holding the people under compulsory servitude, and you should answer that you laid no hand on them but that they willingly resorted to you and kissed your hands for the privilege of being allowed to serve you in exchange for water, food, or clothing, would not that be a very transparent evasion on your part of the charge of slaveholding?"

"No doubt it would be."

"Well, and was not that precisely the relation the capitalists or employers as a class held toward the rest of the community through their monopolization of wealth and the machinery of production?"

"I must say that it was."

"There was a great deal said by the economists of your day," the doctor went on, "about the freedom of contract—the voluntary, unconstrained agreement of the laborer with the employer as to the terms of his employment. What hypocrisy could have been so brazen as that pretense when, as a matter of fact, every contract made between the capitalist who had bread and could keep it and the laborer who must have it or die would have been declared void, if fairly judged, even under your laws as a contract made under duress of hunger, cold, and nakedness, nothing less than the threat of death! If you own the things men must have, you own the men who must have them."

"But the compulsion of want," said I, "meaning hunger and cold, is a compulsion of Nature. In that sense we are all under compulsory servitude to Nature."

"Yes, but not to one another. That is the whole difference between slavery and freedom. To-day no man serves another, but all the common good in which we equally share. Under your system the compulsion of Nature through the appropriation by the rich of the means of supplying Nature's demands was turned into a club by which the rich made the poor pay Nature's debt of labor not only for themselves but for the rich also, with a vast overcharge besides for the needless waste of the system."

"You make out our system to have been little better than slavery. That is a hard word."

"It is a very hard word, and we want above all things to be fair. Let us look at the question. Slavery exists where there is a compulsory using of men by other men for the benefit of the users. I think we are quite agreed that the poor man in your day worked for the rich only because his necessities compelled him to. That compulsion varied in force according to the degree of want the worker was in. Those who had a little economic means would only render the lighter kinds of service on more or less easy and honorable conditions, while those who had less means or no means at all would do anything on any terms however painful or degrading. With the mass of the workers the compulsion of necessity was of the sharpest kind. The chattel slave had the choice between working for his master and the lash. The wage-earner chose between laboring for an employer or starving. In the older, cruder forms of slavery the masters had to be watching constantly to prevent the escape of their slaves, and were troubled with the charge of providing for them. Your system was more convenient, in that it made Nature your taskmaster, and depended on her to keep your servants to the task. It was a difference between the direct exercise of coercion, in which the slave was always on the point of rebellion, and an indirect coercion by which the same industrial result was obtained, while the slave, instead of rebelling against his master's authority, was grateful for the opportunity of serving him."

"But," said I, "the wage-earner received wages and the slave received nothing."

"I beg your pardon. The slave received subsistence—clothing and shelter—and the wage-earner who could get more than these out of his wages was rarely fortunate. The rate of wages, except in new countries and under special conditions and for skilled workers, kept at about the subsistence point, quite as often dropping below as rising above. The main difference was that the master expended the subsistence wage of the chattel slave for him while the earner expended it for himself. This was better for the worker in some ways; in others less desirable, for the master out of self-interest usually saw that the chattel, children had enough; while the employer, having no stake in the life or health of the wage-earner, did not concern himself as to whether he lived or died. There were never any slave quarters so vile as the tenement houses of the city slums where the wage-earners were housed."

"But at least," said I, "there was this radical difference between the wage-earner of my day and the chattel slave: the former could leave his employer at will, the latter could not."

"Yes, that is a difference, but one surely that told not so much in favor of as against the wage-earner. In all save temporarily fortunate countries with sparse population the laborer would have been glad indeed to exchange the right to leave his employer for a guarantee that he would not be discharged by him. Fear of losing his opportunity to work—his job, as you called it—was the nightmare of the laborer's life as it was reflected in the literature of your period. Was it not so?"

I had to admit that it was even so.

"The privilege of leaving one employer for another," pursued the doctor, "even if it had not been more than balanced by the liability to discharge, was of very little worth to the worker, in view of the fact that the rate of wages was at about the same point wherever he might go, and the change would be merely a choice between the personal dispositions of different masters, and that difference was slight enough, for business rules controlled the relations of masters and men."

I rallied once more.

"One point of real superiority at least you must admit the wage-earner had over the chattel slave. He could by merit rise out of his condition and become himself an employer, a rich man."

"Surely, Julian, you forget that there has rarely been a slave system under which the more energetic, intelligent, and thrifty slaves could and did not buy their freedom or have it given them by their masters. The freedmen in ancient Rome rose to places of importance and power quite as frequently as did the born proletarian of Europe or America get out of his condition."

I did not think of anything to reply at the moment, and the doctor, having compassion on me, pursued: "It is an old illustration of the different view points of the centuries that precisely this point which you make of the possibility of the wage-earner rising, although it was getting to be a vanishing point in your day, seems to us the most truly diabolical feature of the whole system. The prospect of rising as a motive to reconcile the wage-earner or the poor man in general to his subjection, what did it amount to? It was but saying to him, 'Be a good slave, and you, too, shall have slaves of your own.' By this wedge did you separate the cleverer of the wage-workers from the mass of them and dignify treason to humanity by the name of ambition. No true man should wish to rise save to raise others with him."

"One point of difference, however, you must at least admit," I said. "In chattel slavery the master had a power over the persons of his slaves which the employer did not have over even the poorest of his employees: he could not lay his hand upon them in violence."

"Again, Julian," said the doctor, "you have mentioned a point of difference that tells in favor of chattel slavery as a more humane industrial method than the wage system. If here and there the anger of the chattel slave owner made him forget his self-restraint so far as to cripple or maim his slaves, yet such cases were on the whole rare, and such masters were held to an account by public opinion if not by law; but under the wage system the employer had no motive of self-restraint to spare life or limb of his employees, and he escaped responsibility by the fact of the consent and even eagerness of the needy people to undertake the most perilous and painful tasks for the sake of bread. We read that in the United States every year at least two hundred thousand men, women, and children were done to death or maimed in the performance of their industrial duties, nearly forty thousand alone in the single branch of the steam railroad service. No estimate seems to have ever been attempted of the many times greater number who perished more indirectly through the injurious effects of bad industrial conditions. What chattel-slave system ever made a record of such wastefulness of human life, as that?

"Nay, more, the chattel-slave owner, if he smote his slave, did it in anger and, as likely as not, with some provocation; but these wholesale slaughters of wage-earners that made your land red were done in sheer cold-bloodedness, without any other motive on the part of the capitalists, who were responsible, save gain.

"Still again, one of the more revolting features of chattel slavery has always been considered the subjection of the slave women to the lust of their masters. How was it in this respect under the rule of the rich? We read in our histories that great armies of women in your day were forced by poverty to make a business of submitting their bodies to those who had the means of furnishing them a little bread. The books say that these armies amounted in your great cities to bodies of thirty or forty thousand women. Tales come down to us of the magnitude of the maiden tribute levied upon the poorer classes for the gratification of the lusts of those who could pay, which the annals of antiquity could scarcely match for horror. Am I saying too much, Julian?"

"You have mentioned nothing but facts which stared me in the face all my life," I replied, "and yet it appears I have had to wait for a man of another century to tell me what they meant."

"It was precisely because they stared you and your contemporaries so constantly in the face, and always had done so, that you lost the faculty of judging their meaning. They were, as we might say, too near the eyes to be seen aright. You are far enough away from the facts now to begin to see them clearly and to realize their significance. As you shall continue to occupy this modern view point, you will more and more completely come to see with us that the most revolting aspect of the human condition before the great Revolution was not the suffering from physical privation or even the outright starvation of multitudes which directly resulted from the unequal distribution of wealth, but the indirect effect of that inequality to reduce almost the total human race to a state of degrading bondage to their fellows. As it seems to us, the offense of the old order against liberty was even greater than the offense to life; and even if it were conceivable that it could have satisfied the right of life by guaranteeing abundance to all, it must just the same have been destroyed, for, although the collective administration of the economic system had been unnecessary to guarantee life, there could be no such thing as liberty so long as by the effect of inequalities of wealth and the private control of the means of production the opportunity of men to obtain the means of subsistence depended on the will of other men."



"I observe," pursued the doctor, "that Edith is getting very impatient with these dry disquisitions, and thinks it high time we passed from wealth in the abstract to wealth in the concrete, as illustrated by the contents of your safe. I will delay the company only while I say a very few words more; but really this question of the restoration of your million, raised half in jest as it was, so vitally touches the central and fundamental principle of our social order that I want to give you at least an outline idea of the modern ethics of wealth distribution.

"The essential difference between the new and the old point of view you fully possess by this time. The old ethics conceived of the question of what a man might rightfully possess as one which began and ended with the relation of individuals to things. Things have no rights as against moral beings, and there was no reason, therefore, in the nature of the case as thus stated, why individuals should not acquire an unlimited ownership of things so far as their abilities permitted. But this view absolutely ignored the social consequences which result from an unequal distribution of material things in a world where everybody absolutely depends for life and all its uses on their share of those things. That is to say, the old so-called ethics of property absolutely overlooked the whole ethical side of the subject—namely, its bearing on human relations. It is precisely this consideration which furnishes the whole basis of the modern ethics of property. All human beings are equal in rights and dignity, and only such a system of wealth distribution can therefore be defensible as respects and secures those equalities. But while this is the principle which you will hear most generally stated as the moral ground of our economic equality, there is another quite sufficient and wholly different ground on which, even if the rights of life and liberty were not involved, we should yet maintain that equal sharing of the total product of industry was the only just plan, and that any other was robbery.

"The main factor in the production of wealth among civilized men is the social organism, the machinery of associated labor and exchange by which hundreds of millions of individuals provide the demand for one another's product and mutually complement one another's labors, thereby making the productive and distributive systems of a nation and of the world one great machine. This was true even under private capitalism, despite the prodigious waste and friction of its methods; but of course it is a far more important truth now when the machinery of co-operation runs with absolute smoothness and every ounce of energy is utilized to the utmost effect. The element in the total industrial product which is due to the social organism is represented by the difference between the value of what one man produces as a worker in connection with the social organization and what he could produce in a condition of isolation. Working in concert with his fellows by aid of the social organism, he and they produce enough to support all in the highest luxury and refinement. Toiling in isolation, human experience has proved that he would be fortunate if he could at the utmost produce enough to keep himself alive. It is estimated, I believe, that the average daily product of a worker in America to-day is some fifty dollars. The product of the same man working in isolation would probably be highly estimated on the same basis of calculation if put at a quarter of a dollar. Now tell me, Julian, to whom belongs the social organism, this vast machinery of human association, which enhances some two hundredfold the product of every one's labor?"

"Manifestly," I replied, "it can belong to no one in particular, but to nothing less than society collectively. Society collectively can be the only heir to the social inheritance of intellect and discovery, and it is society collectively which furnishes the continuous daily concourse by which alone that inheritance is made effective."

"Exactly so. The social organism, with all that it is and all it makes possible, is the indivisible inheritance of all in common. To whom, then, properly belongs that two hundredfold enhancement of the value of every one's labor which is owing to the social organism?"

"Manifestly to society collectively—to the general fund."

"Previous to the great Revolution," pursued the doctor. "Although there seems to have been a vague idea of some such social fund as this, which belonged to society collectively, there was no clear conception of its vastness, and no custodian of it, or possible provision to see that it was collected and applied for the common use. A public organization of industry, a nationalized economic system, was necessary before the social fund could be properly protected and administered. Until then it must needs be the subject of universal plunder and embezzlement. The social machinery was seized upon by adventurers and made a means of enriching themselves by collecting tribute from the people to whom it belonged and whom it should have enriched. It would be one way of describing the effect of the Revolution to say that it was only the taking possession by the people collectively of the social machinery which had always belonged to them, thenceforth to be conducted as a public plant, the returns of which were to go to the owners as the equal proprietors and no longer to buccaneers.

"You will readily see," the doctor went on, "how this analysis of the product of industry must needs tend to minimize the importance of the personal equation of performance as between individual workers. If the modern man, by aid of the social machinery, can produce fifty dollars' worth of product where he could produce not over a quarter of a dollar's worth without society, then forty-nine dollars and three quarters out of every fifty dollars must be credited to the social fund to be equally distributed. The industrial efficiency of two men working without society might have differed as two to one—that is, while one man was able to produce a full quarter dollar's worth of work a day, the other could produce only twelve and a half cents' worth. This was a very great difference under those circumstances, but twelve and a half cents is so slight a proportion of fifty dollars as not to be worth mentioning. That is to say, the difference in individual endowments between the two men would remain the same, but that difference would be reduced to relative unimportance by the prodigious equal addition made to the product of both alike by the social organism. Or again, before gunpowder was invented one man might easily be worth two as a warrior. The difference between the men as individuals remained what it was; yet the overwhelming factor added to the power of both alike by the gun practically equalized them as fighters. Speaking of guns, take a still better illustration—the relation of the individual soldiers in a square of infantry to the formation. There might be large differences in the fighting power of the individual soldiers singly outside the ranks. Once in the ranks, however, the formation added to the fighting efficiency of every soldier equally an element so overwhelming as to dwarf the difference between the individual efficiency of different men. Say, for instance, that the formation added ten to the fighting force of every member, then the man who outside the ranks was as two to one in power compared with his comrade would, when they both stood in the ranks, compare with him only as twelve to eleven—an inconsiderable difference.

"I need scarcely point out to you, Julian, the bearing of the principle of the social fund on economic equality when the industrial system was nationalized. It made it obvious that even if it were possible to figure out in a satisfactory manner the difference in the industrial products which in an accounting with the social fund could be respectively credited to differences in individual performance, the result would not be worth the trouble. Even the worker of special ability, who might hope to gain most by it, could not hope to gain so much as he would lose in common with others by sacrificing the increased efficiency of the industrial machinery that would result from the sentiment of solidarity and public spirit among the workers arising from a feeling of complete unity of interest."

"Doctor," I exclaimed, "I like that idea of the social fund immensely! It makes me understand, among other things, the completeness with which you seem to have outgrown the wages notion, which in one form or other was fundamental to all economic thought in my day. It is because you are accustomed to regarding the social capital rather than your day-to-day specific exertions as the main source of your wealth. It is, in a word, the difference between the attitude of the capitalist and the proletarian."

"Even so," said the doctor. "The Revolution made us all capitalists, and the idea of the dividend has driven out that of the stipend. We take wages only in honor. From our point of view as to the collective ownership of the economic machinery of the social system, and the absolute claim of society collectively to its product, there is something amusing in the laborious disputations by which your contemporaries used to try to settle just how much or little wages or compensation for services this or that individual or group was entitled to. Why, dear me, Julian, if the cleverest worker were limited to his own product, strictly separated and distinguished from the elements by which the use of the social machinery had multiplied it, he would fare no better than a half-starved savage. Everybody is entitled not only to his own product, but to vastly more—namely, to his share of the product of the social organism, in addition to his personal product, but he is entitled to this share not on the grab-as-grab-can plan of your day, by which some made themselves millionaires and others were left beggars, but on equal terms with all his fellow-capitalists."

"The idea of an unearned increment given to private properties by the social organism was talked of in my day," I said, "but only, as I remember, with reference to land values. There were reformers who held that society had the right to take in taxes all increase in value of land that resulted from social factors, such as increased population or public improvements, but they seemed to think the doctrine applicable to land only."

"Yes," said the doctor, "and it is rather odd that, having hold of the clew, they did not follow it up."



Wires for light and heat had been put into the vault, and it was as warm and bright and habitable a place as it had been a century before, when it was my sleeping chamber. Kneeling before the door of the safe, I at once addressed myself to manipulating the dial, my companions meanwhile leaning over me in attitudes of eager interest.

It had been one hundred years since I locked the safe the last time, and under ordinary circumstances that would have been long enough for me to forget the combination several times over, but it was as fresh in my mind as if I had devised it a fortnight before, that being, in fact, the entire length of the intervening period so far as my conscious life was concerned.

"You observe," I said, "that I turn this dial until the letter 'K' comes opposite the letter 'R.' Then I move this other dial till the number '9' comes opposite the same point. Now the safe is practically unlocked. All I have to do to open it is to turn this knob, which moves the bolts, and then swing the door open, as you see."

But they did not see just then, for the knob would not turn, the lock remaining fast. I knew that I had made no mistake about the combination. Some of the tumblers in the lock had failed to fall. I tried it over again several times and thumped the dial and the door, but it was of no use. The lock remained stubborn. One might have said that its memory was not as good as mine. It had forgotten the combination. A materialistic explanation somewhat more probable was that the oil in the lock had been hardened by time so as to offer a slight resistance. The lock could not have rusted, for the atmosphere of the room had been absolutely dry. Otherwise I should not have survived.

"I am sorry to disappoint you," I said, "but we shall have to send to the headquarters of the safe manufacturers for a locksmith. I used to know just where in Sudbury Street to go, but I suppose the safe business has moved since then."

"It has not merely moved," said the doctor, "it has disappeared; there are safes like this at the historical museum, but I never knew how they were opened until now. It is really very ingenious."

"And do you mean to say that there are actually no locksmiths to-day who could open this safe?"

"Any machinist can cut the steel like cardboard," replied the doctor; "but really I don't believe there is a man in the world who could pick the lock. We have, of course, simple locks to insure privacy and keep children out of mischief, but nothing calculated to offer serious resistance either to force or cunning. The craft of the locksmith is extinct."

At this Edith, who was impatient to see the safe opened, exclaimed that the twentieth century had nothing to boast of if it could not solve a puzzle which any clever burglar of the nineteenth century was equal to.

"From the point of view of an impatient young woman it may seem so," said the doctor. "But we must remember that lost arts often are monuments of human progress, indicating outgrown limitations and necessities, to which they ministered. It is because we have no more thieves that we have no more locksmiths. Poor Julian had to go to all this pains to protect the papers in that safe, because if he lost them he would be left a beggar, and, from being one of the masters of the many, would have become one of the servants of the few, and perhaps be tempted to turn burglar himself. No wonder locksmiths were in demand in those days. But now you see, even supposing any one in a community enjoying universal and equal wealth could wish to steal anything, there is nothing that he could steal with a view to selling it again. Our wealth consists in the guarantee of an equal share in the capital and income of the nation—a guarantee that is personal and can not be taken from us nor given away, being vested in each one at birth, and divested only by death. So you see the locksmith and safe-maker would be very useless persons."

As we talked, I had continued to work the dial in the hope that the obstinate tumbler might be coaxed to act, and presently a faint click rewarded my efforts and I swung the door open.

"Faugh!" exclaimed Edith at the musty gust of confined air which followed. "I am sorry for your people if that is a fair sample of what you had to breathe."

"It is probably about the only sample left, at any rate," observed the doctor.

"Dear me! what a ridiculous little box it turns out to be for such a pretentious outside!" exclaimed Edith's mother.

"Yes," said I. "The thick walls are to make the contents fireproof as well as burglar-proof—and, by the way, I should think you would need fireproof safes still."

"We have no fires, except in the old structures," replied the doctor. "Since building was undertaken by the people collectively, you see we could not afford to have them, for destruction of property means to the nation a dead loss, while under private capitalism the loss might be shuffled off on others in all sorts of ways. They could get insured, but the nation has to insure itself."

Opening the inner door of the safe, I took out several drawers full of securities of all sorts, and emptied them on the table in the room.

"Are these stuffy-looking papers what you used to call wealth?" said Edith, with evident disappointment.

"Not the papers in themselves," I said, "but what they represented."

"And what was that?" she asked.

"The ownership of land, houses, mills, ships, railroads, and all manner of other things," I replied, and went on as best I could to explain to her mother and herself about rents, profits, interest, dividends, etc. But it was evident, from the blank expression of their countenances, that I was not making much headway.

Presently the doctor looked up from the papers which he was devouring with the zeal of an antiquarian, and chuckled.

"I am afraid, Julian, you are on the wrong tack. You see economic science in your day was a science of things; in our day it is a science of human beings. We have nothing at all answering to your rent, interest, profits, or other financial devices, and the terms expressing them have no meaning now except to students. If you wish Edith and her mother to understand you, you must translate these money terms into terms of men and women and children, and the plain facts of their relations as affected by your system. Shall you consider it impertinent if I try to make the matter a little clearer to them?"

"I shall be much obliged to you," I said; "and perhaps you will at the same time make it clearer to me."

"I think," said the doctor, "that we shall all understand the nature and value of these documents much better if, instead of speaking of them as titles of ownership in farms, factories, mines, railroads, etc., we state plainly that they were evidences that their possessors were the masters of various groups of men, women, and children in different parts of the country. Of course, as Julian says, the documents nominally state his title to things only, and say nothing about men and women. But it is the men and women who went with the lands, the machines, and various other things, and were bound to them by their bodily necessities, which gave all the value to the possession of the things.

"But for the implication that there were men who, because they must have the use of the land, would submit to labor for the owner of it in return for permission to occupy it, these deeds and mortgages would have been of no value. So of these factory shares. They speak only of water power and looms, but they would be valueless but for the thousands of human workers bound to the machines by bodily necessities as fixedly as if they were chained there. So of these coal-mine shares. But for the multitude of wretched beings condemned by want to labor in living graves, of what value would have been these shares which yet make no mention of them? And see again how significant is the fact that it was deemed needless to make mention of and to enumerate by name these serfs of the field, of the loom, of the mine! Under systems of chattel slavery, such as had formerly prevailed, it was necessary to name and identify each chattel, that he might be recovered in case of escape, and an account made of the loss in case of death. But there was no danger of loss by the escape or the death of the serfs transferred by these documents. They would not run away, for there was nothing better to run to or any escape from the world-wide economic system which enthralled them; and if they died, that involved no loss to their owners, for there were always plenty more to take their places. Decidedly, it would have been a waste of paper to enumerate them.

"Just now at the breakfast table," continued the doctor, "I was explaining the modern view of the economic system of private capitalism as one based on the compulsory servitude of the masses to the capitalists, a servitude which the latter enforced by monopolizing the bulk of the world's resources and machinery, leaving the pressure of want to compel the masses to accept their yoke, the police and soldiers meanwhile defending them in their monopolies. These documents turn up in a very timely way to illustrate the ingenious and effectual methods by which the different sorts of workers were organized for the service of the capitalists. To use a plain illustration, these various sorts of so-called securities may be described as so many kinds of human harness by which the masses, broken and tamed by the pressure of want, were yoked and strapped to the chariots of the capitalists.

"For instance, here is a bundle of farm mortgages on Kansas farms. Very good; by virtue of the operation of this security certain Kansas farmers worked for the owner of it, and though they might never know who he was nor he who they were, yet they were as securely and certainly his thralls as if he had stood over them with a whip instead of sitting in his parlor at Boston, New York, or London. This mortgage harness was generally used to hitch in the agricultural class of the population. Most of the farmers of the West were pulling in it toward the end of the nineteenth century.—Was it not so, Julian? Correct me if I am wrong."

"You are stating the facts very accurately," I answered. "I am beginning to understand more clearly the nature of my former property."

"Now let us see what this bundle is," pursued the doctor. "Ah! yes; these are shares in New England cotton factories. This sort of harness was chiefly used for women and children, the sizes ranging away down so as to fit girls and boys of eleven and twelve. It used to be said that it was only the margin of profit furnished by the almost costless labor of the little children that made these factories paying properties. The population of New England was largely broken in at a very tender age to work in this style of harness.

"Here, now, is a little different sort. These are railroad, gas, and water-works shares. They were a sort of comprehensive harness, by which not only a particular class of workers but whole communities were hitched in and made to work for the owner of the security.

"And, finally, we have here the strongest harness of all, the Government bond. This document, you sec, is a bond of the United States Government. By it seventy million people—the whole nation, in fact—were harnessed to the coach of the owner of this bond; and, what was more, the driver in this case was the Government itself, against which the team would find it hard to kick. There was a great deal of kicking and balking in the other sorts of harness, and the capitalists were often inconvenienced and temporarily deprived of the labor of the men they had bought and paid for with good money. Naturally, therefore, the Government bond was greatly prized by them as an investment. They used every possible effort to induce the various governments to put more and more of this sort of harness on the people, and the governments, being carried on by the agents of the capitalists, of course kept on doing so, up to the very eve of the great Revolution, which was to turn the bonds and all the other harnesses into waste paper."

"As a representative of the nineteenth century," I said, "I can not deny the substantial correctness of your rather startling way of describing our system of investments. Still, you will admit that, bad as the system was and bitter as was the condition of the masses under it, the function performed by the capitalists in organizing and directing such industry as we had was a service to the world of some value."

"Certainly, certainly," replied the doctor. "The same plea might be urged, and has been, in defense of every system by which men have ever made other men their servants from the beginning. There was always some service, generally valuable and indispensable, which the oppressors could urge and did urge as the ground and excuse of the servitude they enforced. As men grew wiser they observed that they were paying a ruinous price for the services thus rendered. So at first they said to the kings: 'To be sure, you help defend the state from foreigners and hang thieves, but it is too much to ask us to be your serfs in exchange; we can do better.' And so they established republics. So also, presently, the people said to the priests: 'You have done something for us, but you have charged too much for your services in asking us to submit our minds to you; we can do better.' And so they established religious liberty.

"And likewise, in this last matter we are speaking of, the people finally said to the capitalists: 'Yes, you have organized our industry, but at the price of enslaving us. We can do better.' And substituting national co-operation for capitalism, they established the industrial republic based on economic democracy. If it were true, Julian, that any consideration of service rendered to others, however valuable, could excuse the benefactors for making bondmen of the benefited, then there never was a despotism or slave system which could not excuse itself."

"Haven't you some real money to show us," said Edith, "something besides these papers—some gold and silver such as they have at the museum?"

It was not customary in the nineteenth century for people to keep large supplies of ready money in their houses, but for emergencies I had a little stock of it in my safe, and in response to Edith's request I took out a drawer containing several hundred dollars in gold and emptied it on the table.

"How pretty they are!" exclaimed Edith, thrusting her hands in the pile of yellow coins and clinking them together. "And is it really true that if you only had enough of these things, no matter how or where you got them, men and women would submit themselves to you and let you make what use you pleased of them?"

"Not only would they let you use them as you pleased, but they would be extremely grateful to you for being so good as to use them instead of others. The poor fought each other for the privilege of being the servants and underlings of those who had the money."

"Now I see," said Edith, "what the Masters of the Bread meant."

"What is that about Masters of the Bread?" I asked. "Who were they?"

"It was a name given to the capitalists in the revolutionary period," replied the doctor. "This thing Edith speaks of is a scrap of the literature of that time, when the people first began to fully wake up to the fact that class monopoly of the machinery of production meant slavery for the mass."

"Let me see if I can recall it," said Edith. "It begins this way: 'Everywhere men, women, and children stood in the market-place crying to the Masters of the Bread to take them to be their servants, that they might have bread. The strong men said: "O Lords of the Bread, feel our thews and sinews, our arms and our legs; see how strong we are. Take us and use us. Let us dig for you. Let us hew for you. Let us go down in the mine and delve for you. Let us freeze and starve in the forecastles of your ships. Send us into the hells of your steamship stokeholes. Do what you will with us, but let us serve you, that we may eat and not die!"

"'Then spoke up also the learned men, the scribes and the lawyers, whose strength was in their brains and not in their bodies: "O Masters of the Bread," they said, "take us to be your servants and to do your will. See how fine is our wit, how great our knowledge; our minds are stored with the treasures of learning and the subtlety of all the philosophies. To us has been given clearer vision than to others, and the power of persuasion that we should be leaders of the people, voices to the voiceless, and eyes to the blind. But the people whom we should serve have no bread to give us. Therefore, Masters of the Bread, give us to eat, and we will betray the people to you, for we must live. We will plead for you in the courts against the widow and the fatherless. We will speak and write in your praise, and with cunning words confound those who speak against you and your power and state. And nothing that you require of us shall seem too much. But because we sell not only our bodies, but our souls also, give us more bread than these laborers receive, who sell their bodies only."

"'And the priests and Levites also cried out as the Lords of the Bread passed through the market-place: "Take us, Masters, to be your servants and to do your will, for we also must eat, and you only have the bread. We are the guardians of the sacred oracles, and the people hearken unto us and reply not, for our voice to them is as the voice of God. But we must have bread to eat like others. Give us therefore plentifully of your bread, and we will speak to the people, that they be still and trouble you not with their murmurings because of hunger. In the name of God the Father will we forbid them to claim the rights of brothers, and in the name of the Prince of Peace will we preach your law of competition."

"'And above all the clamor of the men were heard the voices of a multitude of women crying to the Masters of the Bread: "Pass us not by, for we must also eat. The men are stronger than we, but they eat much bread while we eat little, so that though we be not so strong yet in the end you shall not lose if you take us to be your servants instead of them. And if you will not take us for our labor's sake, yet look upon us: we are women, and should be fair in your eyes. Take us and do with us according to your pleasure, for we must eat."

"'And above all the chaffering of the market, the hoarse voices of the men, and the shrill voices of the women, rose the piping treble of the little children, crying: "Take us to be your servants, for the breasts of our mothers are dry and our fathers have no bread for us, and we hunger. We are weak, indeed, but we ask so little, so very little, that at last we shall be cheaper to you than the men, our fathers, who eat so much, and the women, our mothers, who eat more than we."

"'And the Masters of the Bread, having taken for their use or pleasure such of the men, the women, and the little ones as they saw fit, passed by. And there was left a great multitude in the market-place for whom there was no bread.'"

"Ah!" said the doctor, breaking the silence which followed the ceasing of Edith's voice, "it was indeed the last refinement of indignity put upon human nature by your economic system that it compelled men to seek the sale of themselves. Voluntary in a real sense the sale was not, of course, for want or the fear of it left no choice as to the necessity of selling themselves to somebody, but as to the particular transaction there was choice enough to make it shameful. They had to seek those to whom to offer themselves and actively to procure their own purchase. In this respect the submission of men to other men through the relation of hire was more abject than under a slavery resting directly on force. In that case the slave might be compelled to yield to physical duress, but he could still keep a mind free and resentful toward his master; but in the relation of hire men sought for their masters and begged as a favor that they would use them, body and mind, for their profit or pleasure. To the view of us moderns, therefore, the chattel slave was a more dignified and heroic figure than the hireling of your day who called himself a free worker.

"It was possible for the slave to rise in soul above his circumstances and be a philosopher in bondage like Epictetus, but the hireling could not scorn the bonds he sought. The abjectness of his position was not merely physical but mental. In selling himself he had necessarily sold his independence of mind also. Your whole industrial system seems in this point of view best and most fitly described by a word which you oddly enough reserved to designate a particular phase of self-selling practiced by women.

"Labor for others in the name of love and kindness, and labor with others for a common end in which all are mutually interested, and labor for its own joy, are alike honorable, but the hiring out of our faculties to the selfish uses of others, which was the form labor generally took in your day, is unworthy of human nature. The Revolution for the first time in history made labor truly honorable by putting it on the basis of fraternal co-operation for a common and equally shared result. Until then it was at best but a shameful necessity."

Presently I said: "When you have satisfied your curiosity as to these papers I suppose we might as well make a bonfire of them, for they seem to have no more value now than a collection of heathen fetiches after the former worshipers have embraced Christianity."

"Well, and has not such a collection a value to the student of history?" said the doctor. "Of course, these documents are scarcely now valuable in the sense they were, but in another they have much value. I see among them several varieties which are quite scarce in the historical collections, and if you feel disposed to present the whole lot to our museum I am sure the gift will be much appreciated. The fact is, the great bonfire our grandfathers made, while a very natural and excusable expression of jubilation over broken bondage, is much to be regretted from an archaeological point of view."

"What do you mean by the great bonfire?" I inquired.

"It was a rather dramatic incident at the close of the great Revolution. When the long struggle was ended and economic equality, guaranteed by the public administration of capital, had been established, the people got together from all parts of the land enormous collections of what you used to call the evidences of value, which, while purporting to be certificates of property in things, had been really certificates of the ownership of men, deriving, as we have seen, their whole value from the serfs attached to the things by the constraint of bodily necessities. These it pleased the people—exalted, as you may well imagine, by the afflatus of liberty—to collect in a vast mass on the site of the New York Stock Exchange, the great altar of Plutus, whereon millions of human beings had been sacrificed to him, and there to make a bonfire of them. A great pillar stands on the spot to-day, and from its summit a mighty torch of electric flame is always streaming, in commemoration of that event and as a testimony forever to the ending of the parchment bondage that was heavier than the scepters of kings. It is estimated that certificates of ownership in human beings, or, as you called them, titles to property, to the value of forty billion dollars, together with hundreds of millions of paper money, went up in that great blaze, which we devoutly consider must have been, of all the innumerable burnt sacrifices which have been offered up to God from the beginning, the one that pleased him best.

"Now, if I had been there, I can easily imagine that I should have rejoiced over that conflagration as much as did the most exultant of those who danced about it; but from the calmer point of view of the present I regret the destruction of a mass of historic material. So you see that your bonds and deeds and mortgages and shares of stock are really valuable still."



"We read in the histories," said Edith's mother, "much about the amazing extent to which particular individuals and families succeeded in concentrating in their own hands the natural resources, industrial machinery, and products of the several countries. Julian had only a million dollars, but many individuals or families had, we are told, wealth amounting to fifty, a hundred, and even two or three hundred millions. We read of infants who in the cradle were heirs of hundreds of millions. Now, something I never saw mentioned in the books was the limit, for there must have been some limit fixed, to which one individual might appropriate the earth's surface and resources, the means of production, and the products of labor."

"There was no limit," I replied.

"Do you mean," exclaimed Edith, "that if a man were only clever and unscrupulous enough he might appropriate, say, the entire territory of a country and leave the people actually nothing to stand on unless by his consent?"

"Certainly," I replied. "In fact, in many countries of the Old World individuals owned whole provinces, and in the United States even vaster tracts had passed and were passing into private and corporate hands. There was no limit whatever to the extent of land which one person might own, and of course this ownership implied the right to evict every human being from the territory unless the owner chose to let individuals remain on payment of tribute."

"And how about other things besides land?" asked Edith.

"It was the same," I said. "There was no limit to the extent to which an individual might acquire the exclusive ownership of all the factories, shops, mines, and means of industry, and commerce of every sort, so that no person could find an opportunity to earn a living except as the servant of the owner and on his terms."

"If we are correctly informed," said the doctor, "the concentration of the ownership of the machinery of production and distribution, trade and industry, had already, before you fell asleep, been carried to a point in the United States through trusts and syndicates which excited general alarm."

"Certainly," I replied. "It was then already in the power of a score of men in New York city to stop at will every car-wheel in the United States, and the combined action of a few other groups of capitalists would have sufficed practically to arrest the industries and commerce of the entire country, forbid employment to everybody, and starve the entire population. The self-interest of these capitalists in keeping business going on was the only ground of assurance the rest of the people had for their livelihood from day to day. Indeed, when the capitalists desired to compel the people to vote as they wished, it was their regular custom to threaten to stop the industries of the country and produce a business crisis if the election did not go to suit them."

"Suppose, Julian, an individual or family or group of capitalists, having become sole owners of all the land and machinery of one nation, should wish to go on and acquire the sole ownership of all the land and economic means and machinery of the whole earth, would that have been inconsistent with your law of property?"

"Not at all. If one individual, as you suggest, through the effect of cunning and skill combined with inheritances, should obtain a legal title to the whole globe, it would be his to do what he pleased with as absolutely as if it were a garden patch, according to our law of property. Nor is your supposition about one person or family becoming owner of the whole earth a wholly fanciful one. There was, when I fell asleep, one family of European bankers whose world-wide power and resources were so vast and increasing at such a prodigious and accelerating rate that they had already an influence over the destinies of nations wider than perhaps any monarch ever exercised."

"And if I understand your system, if they had gone on and attained the ownership of the globe to the lowest inch of standing room at low tide, it would have been the legal right of that family or single individual, in the name of the sacred right of property, to give the people of the human race legal notice to move off the earth, and in case of their failure to comply with the requirement of the notice, to call upon them in the name of the law to form themselves into sheriffs' posses and evict themselves from the earth's surface?"


"O father," exclaimed Edith, "you and Julian are trying to make fun of us. You must think we will believe anything if you only keep straight faces. But you are going too far."

"I do not wonder you think so," said the doctor. "But you can easily satisfy yourself from the books that we have in no way exaggerated the possibilities of the old system of property. What was called under that system the right of property meant the unlimited right of anybody who was clever enough to deprive everybody else of any property whatever."

"It would seem, then," said Edith, "that the dream of world conquest by an individual, if ever realized, was more likely under the old regime to be realized by economic than by military means."

"Very true," said the doctor. "Alexander and Napoleon mistook their trade; they should have been bankers, not soldiers. But, indeed, the time was not in their day ripe for a world-wide money dynasty, such as we have been speaking of. Kings had a rude way of interfering with the so-called rights of property when they conflicted with royal prestige or produced dangerous popular discontent. Tyrants themselves, they did not willingly brook rival tyrants in their dominions. It was not till the kings had been shorn of power and the interregnum of sham democracy had set in, leaving no virile force in the state or the world to resist the money power, that the opportunity for a world-wide plutocratic despotism arrived. Then, in the latter part of the nineteenth century, when international trade and financial relations had broken down national barriers and the world had become one field of economic enterprise, did the idea of a universally dominant and centralized money power become not only possible, but, as Julian has said, had already so far materialized itself as to cast its shadow before. If the Revolution had not come when it did, we can not doubt that something like this universal plutocratic dynasty or some highly centered oligarchy, based upon the complete monopoly of all property by a small body, would long before this time have become the government of the world. But of course the Revolution must have come when it did, so we need not talk of what would have happened if it had not come."



"I have read," said Edith, "that there never was a system of oppression so bad that those who benefited by it did not recognize the moral sense so far as to make some excuse for themselves. Was the old system of property distribution, by which the few held the many in servitude through fear of starvation, an exception to this rule? Surely the rich could not have looked the poor in the face unless they had some excuse to offer, some color of reason to give for the cruel contrast between their conditions."

"Thanks for reminding us of that point," said the doctor. "As you say, there never was a system so bad that it did not make an excuse for itself. It would not be strictly fair to the old system to dismiss it without considering the excuse made for it, although, on the other hand, it would really be kinder not to mention it, for it was an excuse that, far from excusing, furnished an additional ground of condemnation for the system which it undertook to justify."

"What was the excuse?" asked Edith.

"It was the claim that, as a matter of justice, every one is entitled to the effect of his qualities—that is to say, the result of his abilities, the fruit of his efforts. The qualities, abilities, and efforts of different persons being different, they would naturally acquire advantages over others in wealth seeking as in other ways; but as this was according to Nature, it was urged that it must be right, and nobody had any business to complain, unless of the Creator.

"Now, in the first place, the theory that a person has a right in dealing with his fellows to take advantage of his superior abilities is nothing other than a slightly more roundabout expression of the doctrine that might is right. It was precisely to prevent their doing this that the policeman stood on the corner, the judge sat on the bench, and the hangman drew his fees. The whole end and amount of civilization had indeed been to substitute for the natural law of superior might an artificial equality by force of statute, whereby, in disregard of their natural differences, the weak and simple were made equal to the strong and cunning by means of the collective force lent them.

"But while the nineteenth-century moralists denied as sharply as we do men's right to take advantage of their superiorities in direct dealings by physical force, they held that they might rightly do so when the dealings were indirect and carried on through the medium of things. That is to say, a man might not so much as jostle another while drinking a cup of water lest he should spill it, but he might acquire the spring of water on which the community solely depended and make the people pay a dollar a drop for water or go without. Or if he filled up the spring so as to deprive the population of water on any terms, he was held to be acting within his right. He might not by force take away a bone from a beggar's dog, but he might corner the grain supply of a nation and reduce millions to starvation.

"If you touch a man's living you touch him, would seem to be about as plain a truth as could be put in words; but our ancestors had not the least difficulty in getting around it. 'Of course,' they said, 'you must not touch the man; to lay a finger on him would be an assault punishable by law. But his living is quite a different thing. That depends on bread, meat, clothing, land, houses, and other material things, which you have an unlimited right to appropriate and dispose of as you please without the slightest regard to whether anything is left for the rest of the world.'

"I think I scarcely need dwell on the entire lack of any moral justification for the different rule which our ancestors followed in determining what use you might rightly make of your superior powers in dealing with your neighbor directly by physical force and indirectly by economic duress. No one can have any more or other right to take away another's living by superior economic skill or financial cunning than if he used a club, simply because no one has any right to take advantage of any one else or to deal with him otherwise than justly by any means whatever. The end itself being immoral, the means employed could not possibly make any difference. Moralists at a pinch used to argue that a good end might justify bad means, but none, I think, went so far as to claim that good means justified a bad end; yet this was precisely what the defenders of the old property system did in fact claim when they argued that it was right for a man to take away the living of others and make them his servants, if only his triumph resulted from superior talent or more diligent devotion to the acquisition of material things.

"But indeed the theory that the monopoly of wealth could be justified by superior economic ability, even if morally sound, would not at all have fitted the old property system, for of all conceivable plans for distributing property, none could have more absolutely defied every notion of desert based on economic effort. None could have been more utterly wrong if it were true that wealth ought to be distributed according to the ability and industry displayed by individuals."

"All this talk started with the discussion of Julian's fortune. Now tell us, Julian, was your million dollars the result of your economic ability, the fruit of your industry?"

"Of course not," I replied. "Every cent of it was inherited. As I have often told you, I never lifted a finger in a useful way in my life."

"And were you the only person whose property came to him by descent without effort of his own?"

"On the contrary, title by descent was the basis and backbone of the whole property system. All land, except in the newest countries, together with the bulk of the more stable kinds of property, was held by that title."

"Precisely so. We hear what Julian says. While the moralists and the clergy solemnly justified the inequalities of wealth and reproved the discontent of the poor on the ground that those inequalities were justified by natural differences in ability and diligence, they knew all the time, and everybody knew who listened to them, that the foundation principle of the whole property system was not ability, effort, or desert of any kind whatever, but merely the accident of birth, than which no possible claim could more completely mock at ethics."

"But, Julian," exclaimed Edith, "you must surely have had some way of excusing yourself to your conscience for retaining in the presence of a needy world such an excess of good things as you had!"

"I am afraid," I said, "that you can not easily imagine how callous was the cuticle of the nineteenth-century conscience. There may have been some of my class on the intellectual plane of little Jack Horner in Mother Goose, who concluded he must be a good boy because he pulled out a plum, but I did not at least belong to that grade. I never gave much thought to the subject of my right to an abundance which I had done nothing to earn in the midst of a starving world of toilers, but occasionally, when I did think of it, I felt like craving pardon of the beggar who asked alms for being in a position to give to him."

"It is impossible to get up any sort of a quarrel with Julian," said the doctor; "but there were others of his class less rational. Cornered as to their moral claim to their possessions, they fell back on that of their ancestors. They argued that these ancestors, assuming them to have had a right by merit to their possessions, had as an incident of that merit the right to give them to others. Here, of course, they absolutely confused the ideas of legal and moral right. The law might indeed give a person power to transfer a legal title to property in any way that suited the lawmakers, but the meritorious right to the property, resting as it did on personal desert, could not in the nature of moral things be transferred or ascribed to any one else. The cleverest lawyer would never have pretended that he could draw up a document that would carry over the smallest tittle of merit from one person to another, however close the tie of blood.

"In ancient times it was customary to hold children responsible for the debts of their fathers and sell them into slavery to make satisfaction. The people of Julian's day found it unjust thus to inflict upon innocent offspring the penalty of their ancestors' faults. But if these children did not deserve the consequences of their ancestors' sloth, no more had they any title to the product of their ancestors' industry. The barbarians who insisted on both sorts of inheritance were more logical than Julian's contemporaries, who, rejecting one sort of inheritance, retained the other. Will it be said that at least the later theory of inheritance was more humane, although one-sided? Upon that point you should have been able to get the opinion of the disinherited masses who, by reason of the monopolizing of the earth and its resources from generation to generation by the possessors of inherited property, were left no place to stand on and no way to live except by permission of the inheriting class."

"Doctor," I said, "I have nothing to offer against all that. We who inherited our wealth had no moral title to it, and that we knew as well as everybody else did, although it was not considered polite to refer to the fact in our presence. But if I am going to stand up here in the pillory as a representative of the inheriting class, there are others who ought to stand beside me. We were not the only ones who had no right to our money. Are you not going to say anything about the money makers, the rascals who raked together great fortunes in a few years by wholesale fraud and extortion?"

"Pardon me, I was just coming to them," said the doctor. "You ladies must remember," he continued, "that the rich, who in Julian's day possessed nearly everything of value in every country, leaving the masses mere scraps and crumbs, were of two sorts: those who had inherited their wealth, and those who, as the saying was, had made it. We have seen how far the inheriting class were justified in their holdings by the principle which the nineteenth century asserted to be the excuse for wealth—namely, that individuals were entitled to the fruit of their labors. Let us next inquire how far the same principle justified the possessions of these others whom Julian refers to, who claimed that they had made their money themselves, and showed in proof lives absolutely devoted from childhood to age without rest or respite to the piling up of gains. Now, of course, labor in itself, however arduous, does not imply moral desert. It may be a criminal activity. Let us see if these men who claimed that they made their money had any better title to it than Julian's class by the rule put forward as the excuse for unequal wealth, that every one has a right to the product of his labor. The most complete statement of the principle of the right of property, as based on economic effort, which has come down to us, is this maxim: 'Every man is entitled to his own product, his whole product, and nothing but his product.' Now, this maxim had a double edge, a negative as well as a positive, and the negative edge is very sharp. If everybody was entitled to his own product, nobody else was entitled to any part of it, and if any one's accumulation was found to contain any product not strictly his own, he stood condemned as a thief by the law he had invoked. If in the great fortunes of the stockjobbers, the railroad kings, the bankers, the great landlords, and the other moneyed lords who boasted that they had begun life with a shilling—if in these great fortunes of mushroom rapidity of growth there was anything that was properly the product of the efforts of any one but the owner, it was not his, and his possession of it condemned him as a thief. If he would be justified, he must not be more careful to obtain all that was his own product than to avoid taking anything that was not his product. If he insisted upon the pound of flesh awarded him by the letter of the law, he must stick to the letter, observing the warning of Portia to Shylock:

Nor cut thou less nor more But just a pound of flesh; if thou tak'st more Or less than a just pound, be it so much As makes light or heavy in the substance, Or the division of the twentieth part Of one poor scruple; nay, if the scale do turn But in the estimation of a hair, Thou diest, and thy goods are confiscate.

How many of the great fortunes heaped up by the self-made men of your day, Julian, would have stood that test?"

"It is safe to say," I replied, "that there was not one of the lot whose lawyer would not have advised him to do as Shylock did, and resign his claim rather than try to push it at the risk of the penalty. Why, dear me, there never would have been any possibility of making a great fortune in a lifetime if the maker had confined himself to his own product. The whole acknowledged art of wealth-making on a large scale consisted in devices for getting possession of other people's product without too open breach of the law. It was a current and a true saying of the times that nobody could honestly acquire a million dollars. Everybody knew that it was only by extortion, speculation, stock gambling, or some other form of plunder under pretext of law that such a feat could be accomplished. You yourselves can not condemn the human cormorants who piled up these heaps of ill-gotten gains more bitterly than did the public opinion of their own time. The execration and contempt of the community followed the great money-getters to their graves, and with the best of reason. I have had nothing to say in defense of my own class, who inherited our wealth, but actually the people seemed to have more respect for us than for these others who claimed to have made their money. For if we inheritors had confessedly no moral right to the wealth we had done nothing to produce or acquire, yet we had committed no positive wrong to obtain it."

"You see," said the doctor, "what a pity it would have been if we had forgotten to compare the excuse offered by the nineteenth century for the unequal distribution of wealth with the actual facts of that distribution. Ethical standards advance from age to age, and it is not always fair to judge the systems of one age by the moral standards of a later one. But we have seen that the property system of the nineteenth century would have gained nothing by way of a milder verdict by appealing from the moral standards of the twentieth to those of the nineteenth century. It was not necessary, in order to justify its condemnation, to invoke the modern ethics of wealth which deduce the rights of property from the rights of man. It was only necessary to apply to the actual realities of the system the ethical plea put forth in its defense—namely, that everybody was entitled to the fruit of his own labor, and was not entitled to the fruit of anybody's else—to leave not one stone upon another of the whole fabric."

"But was there, then, absolutely no class under your system," said Edith's mother, "which even by the standards of your time could claim an ethical as well as a legal title to their possessions?"

"Oh, yes," I replied, "we have been speaking of the rich. You may set it down as a rule that the rich, the possessors of great wealth, had no moral right to it as based upon desert, for either their fortunes belonged to the class of inherited wealth, or else, when accumulated in a lifetime, necessarily represented chiefly the product of others, more or less forcibly or fraudulently obtained. There were, however, a great number of modest competencies, which were recognized by public opinion as being no more than a fair measure of the service rendered by their possessors to the community. Below these there was the vast mass of well-nigh wholly penniless toilers, the real people. Here there was indeed abundance of ethical title to property, for these were the producers of all; but beyond the shabby clothing they wore, they had little or no property."

"It would seem," said Edith, "that, speaking generally, the class which chiefly had the property had little or no right to it, even according to the ideas of your day, while the masses which had the right had little or no property."

"Substantially that was the case," I replied. "That is to say, if you took the aggregate of property held by the merely legal title of inheritance, and added to it all that had been obtained by means which public opinion held to be speculative, extortionate, fraudulent, or representing results in excess of services rendered, there would be little property left, and certainly none at all in considerable amounts."

"From the preaching of the clergy in Julian's time," said the doctor, "you would have thought the corner stone of Christianity was the right of property, and the supreme crime was the wrongful appropriation of property. But if stealing meant only taking that from another to which he had a sound ethical title, it must have been one of the most difficult of all crimes to commit for lack of the requisite material. When one took away the possessions of the poor it was reasonably certain that he was stealing, but then they had nothing to take away."

"The thing that seems to me the most utterly incredible about all this terrible story," said Edith, "is that a system which was such a disastrous failure in its effects on the general welfare, which, by disinheriting the great mass of the people, had made them its bitter foes, and which finally even people like Julian, who were its beneficiaries, did not attempt to defend as having any ground of fairness, could have maintained itself a day."

"No wonder it seems incomprehensible to you, as now, indeed, it seems to me as I look back," I replied. "But you can not possibly imagine, as I myself am fast losing the power to do, in my new environment, how benumbing to the mind was the prestige belonging to the immemorial antiquity of the property system as we knew it and of the rule of the rich based on it. No other institution, no other fabric of power ever known to man, could be compared with it as to duration. No different economic order could really be said ever to have been known. There had been changes and fashions in all other human institutions, but no radical change in the system of property. The procession of political, social, and religious systems, the royal, imperial, priestly, democratic epochs, and all other great phases of human affairs, had been as passing cloud shadows, mere fashions of a day, compared with the hoary antiquity of the rule of the rich. Consider how profound and how widely ramified a root in human prejudices such a system must have had, how overwhelming the presumption must have been with the mass of minds against the possibility of making an end of an order that had never been known to have a beginning! What need for excuses or defenders had a system so deeply based in usage and antiquity as this? It is not too much to say that to the mass of mankind in my day the division of the race into rich and poor, and the subjection of the latter to the former, seemed almost as much a law of Nature as the succession of the seasons—something that might not be agreeable, but was certainly unchangeable. And just here, I can well understand, must have come the hardest as well as, necessarily, the first task of the revolutionary leaders—that is, of overcoming the enormous dead weight of immemorial inherited prejudice against the possibility of getting rid of abuses which had lasted so long, and opening people's eyes to the fact that the system of wealth distribution was merely a human institution like others, and that if there is any truth in human progress, the longer an institution had endured unchanged, the more completely it was likely to have become out of joint with the world's progress, and the more radical the change must be which, should bring it into correspondence with other lines of social evolution."

"That is quite the modern view of the subject," said the doctor. "I shall be understood in talking with a representative of the century which invented poker if I say that when the revolutionists attacked the fundamental justice of the old property system, its defenders were able on account of its antiquity to meet them with a tremendous bluff—one which it is no wonder should have been for a time almost paralyzing. But behind the bluff there was absolutely nothing. The moment public opinion could be nerved up to the point of calling it, the game was up. The principle of inheritance, the backbone of the whole property system, at the first challenge of serious criticism abandoned all ethical defense and shriveled into a mere convention established by law, and as rightfully to be disestablished by it in the name of anything fairer. As for the buccaneers, the great money-getters, when the light was once turned on their methods, the question was not so much of saving their booty as their bacon.

"There is historically a marked difference," the doctor went on, "between the decline and fall of the systems of royal and priestly power and the passing of the rule of the rich. The former systems were rooted deeply in sentiment and romance, and for ages after their overthrow retained a strong hold on the hearts and imaginations of men. Our generous race has remembered without rancor all the oppressions it has endured save only the rule of the rich. The dominion of the money power had always been devoid of moral basis or dignity, and from the moment its material supports were destroyed, it not only perished, but seemed to sink away at once into a state of putrescence that made the world hurry to bury it forever out of sight and memory."



"Really," said her mother, "Edith touched the match to quite a large discussion when she suggested that you should open the safe for us."

To which I added that I had learned more that morning about the moral basis of economic equality and the grounds for the abolition of private property than in my entire previous experience as a citizen of the twentieth century.

"The abolition of private property!" exclaimed the doctor. "What is that you say?"

"Of course," I said, "I am quite ready to admit that you have something—very much better in its place, but private property you have certainly abolished—have you not? Is not that what we have been talking about?"

The doctor turned as if for sympathy to the ladies. "And this young man," he said, "who thinks that we have abolished private property has at this moment in his pocket a card of credit representing a private annual income, for strictly personal use, of four thousand dollars, based upon a share of stock in the wealthiest and soundest corporation in the world, the value of his share, calculating the income on a four-per-cent basis, coming to one hundred thousand dollars."

I felt a little silly at being convicted so palpably of making a thoughtless observation, but the doctor hastened to say that he understood perfectly what had been in my mind. I had, no doubt, heard it a hundred times asserted by the wise men of my day that the equalization of human conditions as to wealth would necessitate destroying the institution of private property, and, without having given special thought to the subject, had naturally assumed that the equalization of wealth having been effected, private property must have been abolished, according to the prediction.

"Thanks," I said; "that is it exactly."

"The Revolution," said the doctor, "abolished private capitalism—that is to say, it put an end to the direction of the industries and commerce of the people by irresponsible persons for their own benefit and transferred that function to the people collectively to be carried on by responsible agents for the common benefit. The change created an entirely new system of property holding, but did not either directly or indirectly involve any denial of the right of private property. Quite on the contrary, the change in system placed the private and personal property rights of every citizen upon a basis incomparably more solid and secure and extensive than they ever before had or could have had while private capitalism lasted. Let us analyze the effects of the change of systems and see if it was not so."

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