to the most sanguine. But by a series of object lessons, seen
and studied by all men, the great corporations had taught the
people an entirely new set of ideas on this subject. They had
seen for many years syndicates handling revenues greater than
those of states, and directing the labors of hundreds of thousands
of men with an efficiency and economy unattainable in smaller
operations. It had come to be recognized 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 it came
about that, thanks to the corporations themselves, when it was
proposed that the nation should assume their functions, the
suggestion implied nothing which seemed impracticable even to
the timid. To be sure it was a step beyond any yet taken, a
broader generalization, but the very fact that the nation would
be the sole corporation in the field would, it was seen, relieve the
undertaking of many difficulties with which the partial monopolies
had contended."



Chapter 6


Dr. Leete ceased speaking, and I remained silent, endeavoring
to form some general conception of the changes in the arrangements
of society implied in the tremendous revolution which he
had described.