"Leaving comparisons aside," I said, "the demagoguery and corruption of our public men would have been considered, in my day, insuperable objections to any assumption by government of the charge of the national industries. We should have thought that no arrangement could be worse than to entrust the politicians with control of the wealth-producing machinery of the country. Its material interests were quite too much the football of parties as it was." "No doubt you were right," rejoined Dr. Leete, "but all that is changed now. We have no parties or politicians, and as for demagoguery and corruption, they are words having only an historical significance." "Human nature itself must have changed very much," I said. "Not at all," was Dr. Leete's reply, "but the conditions of human life have

