And now, after an interval of five years, the sovereigns of finance met in conclave. In obedience to the generally expressed wish, Lord de Cardrosse took the chair. "I need scarcely say," he began, "that I am deeply sensible of the compliment you pay me in asking me to preside over such a meeting. We in this room represent a living power throughout the globe, before which the reigning sovereigns of the world are comparatively helpless. But, because of our great strength, it is undesirable that we should work unitedly except for very great and humane objects. For the mere purpose of money-making, I feel assured you all agree with me in desiring no combination, no monopoly, that would pit us against the rest of the world."

He paused for a moment, evidently desiring to disguise the strength of the emotion with which he spoke.

He resumed in slower and apparently more mastered words. "I wish I could put it to you sufficiently strongly that our houses would not have considered any good that could result to them and to you a sufficient excuse for inviting such a combination. We hold that the only cause that could justify it is the conviction that for the good of mankind a vast power requires to be wielded which is not to be found in the ordinary machinery of government."

A murmur of applause went round the table; and Mr. Demetrius, with much feeling, said, "You make me very happy by the assurance you have given. I will not conceal from you that our house anticipated as much, or it would not have been represented. We are too largely concerned with States in which free institutions are permanent not to avoid anything which might savour of a disposition to combine financial forces for the benefit of financial houses."

Lord de Cardrosse then proceeded to explain that his family, in serious and prolonged conclave, could come to no other conclusion than that certain influences were at work which would cause great suffering to mankind and sap and destroy the best institutions which civilisation and science had combined to create. The time had come to answer the question, Should human knowledge, human wants, and human skill continue to advance to an extent to which no limit could be put, or should the survival of the fittest and strongest be fought out in a period of anarchy?

"It amounts," he said in a tone of profound conviction, "to this: the ills under which the masses suffer accumulate. There is no use in comparing what they have to-day with what they had fifty years ago. A person who grows from infancy to manhood in a prison may feel contented until he knows what the liberty is that others enjoy. The born blind are happier than those who become blind by accident. To our masses the knowledge of liberty is open, and they feel they are needlessly deprived of it. Wider and wider to their increasing knowledge opens out the horizon of possible delights; more and more do they feel that they are deprived of what of right belongs to them."

He paused, as if inviting some remarks from his hearers.

Mr. Bisdat, who spoke in an interrogative rather than an affirmative tone, took up the thread.

"I am right, I think, in concluding that your remarks do not point against or in favour of any school of politics or doctrines of party. You direct our notice to causes below the surface to which the Government of the day—I had almost said the hour,—do not penetrate, causes which you believe, if left to unchecked operation, will undermine the whole social fabric."