"Nevertheless, there is less danger of sudden collapse in a small business," returned Ivan, reflectively. "I like a certainty."

"And what certainty have you? Suppose, just for the sake of argument, that one bright morning the Austrian minister of trade listens to the petition of the English iron masters, and that the free importation of raw iron is allowed. Your neighbor over there will at once shut his foundry, and you may go and sell your coal to the smithy, eh, Ivan?"

"I have gone into all that. Our raw iron can compete with the English, and there would be—"

"Your ideas are rococo; they belong to the last century. If America had worked on these lines she would not have overshadowed Europe."

"That may be. What I maintain is that foreign workmen are a bad investment. Those who come to us are, for the most part, men who cannot get on in their own country; restless fellows, ever wanting change; members of secret societies, socialists, and atheists; and so soon as they get among our men they begin disseminating their vicious doctrines, and the next thing is a strike for higher wages."

"Have you ever had a strike here?"

"Never!"

"How do you prevent it?"

"That is my secret, which cannot be told in a few words. I am, however, convinced of one thing: the first obstacle a company would have to contend against would be the price of labor, and the second difficulty would be to secure the services of a really capable overseer; one who would understand the technique of the business."

"We could easily get one from abroad."