whichissocialism。Andheisnotabovefeelinggraveandwell-
containedsatisfactionwhereverthesocialistdoctrinairehasbeencontradictedbymenattemptingtopractisecooperationinthemidstofthecompetitivesystem，asinBelgium。
Nevertheless，hecatchesfleetingglimpsesofanextremeandtyrannicallybenevolentfeudalismveryliketoMr。Ghent\'s，aswitnessthefollowing:
\"IaskedoneofthelargestemployersoflaborintheSouthifhefearedthecomingofthetradeunion。\'No，\'hesaid，\'itisonegoodresultofraceprejudice，thatthenegrowillenableusinthelongruntoweakenthetradeunionsothatitcannotharmus。Wecankeepwagesdownwiththenegroandwecanpreventtoomuchorganization。\'
\"Itisinthisspiritthatthelowerstandardsaretobeused。Ifthispurposeshouldsucceed，ithasbutoneissue，——theimmensestrengtheningofaplutocraticadministrationatthetop，servedbyanarmyofhigh-salariedhelpers，withaneliteofskilledandwell-