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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."


CHAPTER XVII.


THE REVOLUTION SAVES PRIVATE PROPERTY FROM MONOPOLY.



"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

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