lock-out as a means of settling trade disputes would soon cease to exist, and in this direct and active co-operation between employers and employees, not only in production but also in the distribution of the final product of their joint efforts, the threatened pressure of organised labour upon capital would be neutralised and converted into a most energetic and harmonious force constantly co-operating with capital to increase "production and productivity"; improving the efficiency of the industrial and commercial organisations of the country, and at the same time providing the necessary means of raising to a suitable level the standard of living among the, at present, less fortunate working-men, without in any degree lowering the standard of living among any of those who may be rightly classed with the more fortunate.

"The eye of the OWNER fatteneth the ox." Not the eye of the HIRELING. Only when every "eye' operating within those huge business organisations, which must more and more dominate the economic situation of the future, is, in some degree, "the eye of the owner," will avoidable waste of both time and materials cease, and the resulting "ox" become as fat as possible, fulfilling our reasonable expectations and benefiting alike both employers and employees.

(b) The increase in the supply of the money metals, beyond the utmost capacity of the output of all the known gold mines of the world, to satisfy the ever-expanding industrial and commercial needs. of the ever-growing populations of the nations of the

western civilisation, India and Japan, who have since 1871-73, for all practical purposes, adopted gold monometallism as the basis of their Coinage Laws and Mint Regulations, and who have thereby created the existing "abnormal state of the money market," and weakened confidence in our ability "to continue the existing system much longer." We must, by international agreement, increase the supply of the money metals by re-opening the Mints of the nations of the western civilisation, of India and Japan, and the other nations of the Far East, to the free and unlimited coinage of silver into full legal tender money on private account-re-establish the monetary conditions which had prevailed for centuries prior to 187173; and so, for the benefit of the national industries and commerce, break up finally the "Gold Corner"; and also, for the benefit alike of creditors, debtors, and all other classes of working-men, establish the Double Standard Money System, which will regularly and constantly distribute equitably, between the interested classes, the variations of inter-temporary values, according to the circumstances of production and exchange. In this way the capitalist and entrepreneur groups would co-operate to secure the utmost stability of prices practicable, and to avoid and prevent fictitiously high or low prices, to the end that those engaged in directing and controlling the industry and commerce of the country might be able to enter upon enterprises destined to increase the wealth available for human use, and to expand progressively the area for the

profitable employment of capital and labour with a degree of confidence nowhere now attainable.

(c) The development of the trust as a necessary instrument of production and exchange, so as to enable the producing classes-entrepreneurs or employers-whether agricultural, manufacturing, or commercial, to deal effectively with "the unforeseen fluctuations of supply and demand which a world-wide organisation of industry and commerce has brought with it," and which "is liable to inflict to an increasing extent undeserved ruin upon large groups of industrious workers"; and to attain and maintain, by` co-operative effort, in dealing with international rivals, the highest degree of efficiency in every branch of the national industry and commerce; the development of the trust should, therefore, be encouraged and regulated, by special legislation, in the same manner as the development of the limited liability company has been encouraged and regulated by special legislation.

The combined influences of these industrial, financial, and commercial reforms will popularly, constantly, and systematically regulate the distribution of wealth between employers and employees, and between creditors and debtors, lenders and borrowers, so that the toiling millions equally with the leisured few will legally obtain their fair share of the profit, the surplus, the dividend resulting from the co-operation of all the workers.

This regular periodic wide diffusion of wealth among the toiling millions will regularly and effec

tually prevent the periodic recurrence of the "hard times," the "commercial crises," the "trade depressions" resulting from over-production; and it will also prevent the coming into being of that limited number of men whose vast private wealth, steadily increasing under existing economic conditions, enables them to exercise an overwhelming and sometimes baneful influence over the other classes of society.

Considered objectively, the economic order of a nation should be firmly established upon broad and deep foundations of enterprising, skilful, prudent, and efficient working-men, of the utmost functional variety, representing the maximum effective human economic energy which is the labour side of work; and upon abundant quantities of articles of physical wealth of good quality, and of the greatest possible variety, suitable for production within the limits of its accessible land and water area, relative to the ensemble of all the needs and requirements of the whole nation— in Church, State, and School-representing its maximum effective material economic energy which is the capital side of work.

The labour system should accurately reflect and express to the utmost extent the maximum volume, value, and variety of the human economic resources of the nation; and the money system should accurately reflect and express to the utmost extent the maximum volume, value, and variety of the material economic resources of the nation.

The economic order may be likened unto a motor

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car, the driver, motive power, machinery, body, and steering gear being composed of the human and material economic resources of the nation-as also the axle-trees together with the wheels securely attached to their extremities, these being the labour system and the money system of the nation, designed to uphold the motor-car, and to facilitate its orderly and progressive movement in the direction leading towards efficient production and just distribution of the national wealth.

In order to achieve this purpose-of orderly progress in the desired direction-all the component parts of the motor-car, together with the axle-trees and the wheels attached thereto, must, all the time, be kept working in harmonious co-operation responsive to the steering gear managed and controlled by a prudent and efficient driver.

If all of the component parts of this symbolic motor-car are not harmoniously and co-operatively responsive to the steering gear managed and controlled by the driver, orderly progress cannot be made along the highways of international and national industry and commerce, which are all the time more or less crowded with other similar motor-cars moving in different and divergent directions.

The active parts of this motor-car are all human beings with diverse economic interests, and the Regulators provided under the Wage Co-operative System of Profit-sharing, and under the Double Standard Money System, are the attachments designed to adjust and to