"Ah!" ejaculated my companion. "I had forgotten the chimneys, it is so long since they went out of use. It is nearly a century since the crude method of combustion, on which you depended for heat, became obsolete."

"In general," I said, "what impresses me most about the city is the material prosperity on the part of the people which its magnificence implies."

"I would give a great deal for just one glimpse of the Boston of your day," replied Dr. Leete. "No doubt the cities of that period were rather shabby affairs. If you had the taste to make them splendid, which I would not be so rude as to question, the general poverty resulting from your extraordinary industrial system would not have given you the means. Moreover, the excessive individualism was inconsistent with much public spirit. Nowadays, there is no destination of the surplus wealth so popular as the adornment of the city, which all enjoy in equal degree. It is growing dark," he added. "Let us descend into the house; I want to introduce my wife and daughter to you."

The apartment in which we found the ladies, as well as the entire interior of the house, was filled with a mellow light, which I knew must be artificial, although I could not discover the source from which it was diffused. Mrs. Leete was an exceptionally fine-looking and well-preserved woman, while her daughter, in the first blush of womanhood, was the most beautiful girl I had ever seen. In this lovely creature feminine softness and delicacy were deliciously combined with an appearance of health and abounding physical vitality too often lacking in the maidens with whom alone I could compare her. The evening which followed was certainly unique in the history of social intercourse.

When the ladies retired, Dr. Leete sounded me as to my disposition for sleep, but gladly bore me company when I confessed I was afraid of it. I was curious, too, as to the changes.

"To make a beginning somewhere," said I, "what solution, if any, have you found for the labour question? It was the Sphinx's riddle of the nineteenth century, and when I dropped out the Sphinx was threatening to devour society because the answer was not forthcoming."

"The riddle may be said to have solved itself," replied Dr. Leete. "The solution came as the result of a process of industrial evolution which could not have terminated otherwise. The movement toward the conduct of business by larger and larger aggregations of capital—the tendency toward monopolies, which had been desperately and vainly resisted—was recognised at last as a process to a golden future.

"Early in the last century the evolution was completed by the final consolidation of the entire capital of the nation. The industry and commerce of the country, ceasing to be conducted by a set of irresponsible corporations and syndicates of private persons at their caprice and for their profit, were entrusted to a single syndicate representing the people, to be conducted for the common profit. That is to say, the nation organised itself as one great business corporation in which all other corporations were absorbed. It became the one capitalist, the sole employer, the final monopoly, in the profits and economies of which all citizens shared. The epoch of trusts ended in the Great Trust. In a word, the people of the United States concluded to assume the conduct of their own business, just as a hundred odd years earlier they had assumed the conduct of their own government. Strangely late in the world's history, the obvious fact was perceived that no business is so essentially the public business as the industry and commerce on which the people's livelihood depends, and that to entrust it to private persons to be managed for private profit is a folly similar in kind, though vastly greater in magnitude, to that of surrendering the functions of political government to kings and nobles to be conducted for their personal glorification."

"So stupendous a change," said I, "did not, of course, take place without bloodshed and terrible convulsions?"

"On the contrary, there was absolutely no violence. The great corporations had taught an entirely new set of ideas. The people had seen syndicates handling revenues; greater than those of states, and directing the labours of hundreds of thousands of men with an efficiency unattainable in smaller operations. It had come to be recognised as an axiom that the larger the business the simpler the principles that can be applied to it; that, as the machine is truer than the hand, so the system, which in a great concern does the work of the master's eye, in a small business turns out more accurate results. Thus, thanks to the corporations themselves, when it was proposed that the nation should assume their functions, the suggestion implied nothing that seemed impracticable."