But whichever theory you adopt, the fact is there. The Catholic Church is the conservator of an age-long European tradition, and that tradition will never compromise with the fiction that a Jew can be other than a Jew. Wherever the Catholic Church has power, and in proportion to its power, the Jewish problem will be recognized to the full.

On the other hand, there never has been and never will be, or can be, admission by Catholic morals of warfare against the Jew. Those morals are plain. That doctrine has been defined over and over again and acted upon throughout history. If indirect hostilities are opened against the majority by a minority in its midst, they may be repressed and punished. Still more important, insincere and pretended conversion, used as a cloak, may be repressed and punished. But though a community has the right to determine its own life, and (if it think it possible) even to eliminate (with justice, not with cruelty, violence or injustice in any form) an alien, a hostile minority; yet that minority has its own right to live, if not there, then elsewhere. It has its right—once it is rooted and traditional—to its own convictions, to its own tradition. If you allow it to live among you, you must allow it to live its own life save where that life threatens yours. The Catholic Church will always maintain reality, including the reality of that sharp distinction between the Jew and his hosts.

The opponent of the Catholic Church will tend, other things being equal, to support the Jew, because, under that distinction, the Jew may find himself ill at ease. The whole Protestant tradition of the North was for more than 300 years favourable to the Jew, partly indeed on account of its reliance upon the Jewish Scriptures, its absorption in the inspired Jewish folk-lore, but more because the alliance with the Jew was an alliance against the Catholic Church. Strong traces of that spirit still remain. What has warred against it has been the sheer necessity in every country, Catholic or Protestant, Liberal or anti-Liberal, to preserve society against what each began to feel as a disruptive and an alien domination.

There remain the two novel forces—Modern Capitalism, and, protesting against it, its victim, the Modern Industrial Proletariat.

A few years ago anyone would have said that the opposition to the Jew was an opposition to capitalism alone; the Jew was the representative of capitalism, and Jewish finance was the particular aspect of Jewish power in which that power was universally hated. But we have seen all that change. To-day the strongest force against the Jew is on the other side. It is mainly aroused, not by the fear of capitalist forces, but by the fear of revolutionary forces.

I make bold to say that when the feeling against the Jew comes to the point of action, the Jew will necessarily, and in self-defence, fall back upon the leadership of the proletariat against industrial capitalism. He will—he must, from mere instinct, quite apart from calculation—use the line of cleavage which divides a society hostile to him. He will rely on the line of cleavage driven by the vast modern quarrel between the few possessors in the modern industrial world and their victims, the exploited millions.

So put, the opportunity of the Jew, if he be driven to extremities to raise an army in his defence, seems a great opportunity enough. It would seem easy for him to deflect all animosity against himself into animosity against the rich—safeguarding, of course (as he has done in Russia), the Jewish rich. But we must remember three formidable conditions which weaken that opportunity.

The first condition is this: The industrial millions are still quite a small minority and will probably in the future be an even smaller minority of the civilized white world. The war dealt them a heavy blow. The fact that the industrial proletariat is a town population, and therefore less and less productive, is another cause of weakness; their decline in health another. The fact that industrial capitalism depends upon the machine being kept going, and that its serfs are less and less willing to keep the machine going, is another.

Secondly, the area (and that is important) occupied by industrial capitalism is but a very small area of the surface of the civilized world.

Thirdly, the revolt of the Industrial Proletariat, if the Jews provoke it, will be short-lived. Either it will be defeated, or after destroying its masters it will, under Jewish leadership, destroy its own powers of production, as in Russia.