"I have mentioned no real names," said I.

"That is true," she said, "but somehow I feel that the real ones might be suspicious that they were meant."

I told her that this was their lookout, and that, besides, they were much too secure in the successful performance of their comedy to go out of their way to assassinate a philosopher. "They would say, Josephine, that a philosopher cuts no ice, which is true, and is moreover a serious stigma to fasten on any patriotic man or woman." But now again she has brought me to book on the score of the feelings of the leading villains. She appreciates that we are on terms of considerable friendliness with some Presidents of corporations, and that though my list contains no real names, I may give offence. Perhaps she fears a sort of social boycott. Let me satisfy her scruples and do justice at the same time by admitting that not every President of a quasi-public corporation is a leading villain. Nor every Alderman a low comedian. That will let out all my friends. But, on the other hand, I ask the attention even of my friends to the predicament of Thomas Barnstable, President of the People's Heat and Power Company.]

Thomas Barnstable, the leading villain whose case I select for detailed presentation, has none of the coarser proclivities of David J. Prendergast, Treasurer of the Underground Steam Company. As regards David J. Prendergast, I could almost retract my allegation of pity and assert that he is a villain by premeditation and without compunction. That is, his method of dealing with the twelve low comedians is, I am told, conducted on a cold utilitarian basis without struggle of conscience or effort at self-justification. He says to the modern highwaymen, "Fix your price and let my bill pass. My time is valuable and so is yours, and the quicker we come to terms, the better for us both." What he says behind their backs is not fit for publication; but he recognizes the existence of the tax just as he recognizes the existence of the tariff, and he has no time to waste in considering the effect of either on the higher destinies of the nation.

Thomas Barnstable belongs to another school. He is a successful business man. In the ordinary meaning of the phrase, he is also a gentleman and a scholar. His word in private and in business life is as good as his bond; he respects the rights of the fatherless and the widow, and he is known favorably in philanthropic and religious circles. Having recognized the value of certain patents, he has become a large owner of the stock of the People's Heat and Power Company, and is the President of the corporation. Hitherto he has had plain sailing, municipally speaking. That is, the original franchise of the company was obtained from the city before he became President, and only this year for the first time has the necessity of asking for further privileges arisen. Moreover, he finds his corporation confronted by a rival, the Underground Steam Company.

Now here is a portion of the dialogue which took place five weeks before election between this highly respectable gentleman and his right-hand man, Mr. John Dowling, the efficient practical manager of the People's Company.

"Peter Lynch was here to-day," said Mr. Dowling.

"And who may Peter Lynch be?" was the dignified but unconcerned answer.

"Peter Lynch is Peter Lynch. Don't you know Peter? He's the Alderman from the fifth district. He has been Alderman for ten years, and so far as I can see, he is likely to continue to be Alderman for ten more."

"Ah."