exclusion of the far-seeing individuals who eventually came to his assistance, its loss would have been almost certain. The successful development of the automobile did not take place till yesterday--and why? A steam-driven vehicle ran in Cornwall before the end of the eighteenth century; but the state and public opinion both condemned it as dangerous; and all further progress in the matter was checked for more than twenty years. Then again private enterprise asserted itself, but only to suffer precisely the same fate. Steam-driven omnibuses plied between Paddington and Westminster. Steam-driven stage-coaches plied on the Bath road. But the state and public opinion were again in obstinate opposition; these vehicles were crushed out of existence by the imposition of monstrous tolls; and progress was checked a second time and for a longer period still. An instance yet more modern is that supplied by the electric lighting of London. The electric lighting of London was retarded for ten years solely by the attitude which the state assumed towards private enterprise. It is needless to multiply illustrations of this kind further; for my object is not to show that the state, as it exists at present, is necessarily inimical to private enterprise as a whole. It is not, for it has not the power to be. But the fact that even now, when its powers are so strictly limited and its points of direct contact with industrial enterprise are so few, tendencies of the kind develop themselves with such marked practical consequences is enough to show the reality and magnitude of the evils which would ensue if a body, which reflected on the one hand the opinions of the average many, and on the other the individual ability of a few, specially privileged and pledged to their own methods, were the sole controller of all manual labour whatsoever, the virtual owner of all the implements which exist at present, the sole determiner of the forms which such implements shall assume in the future, and also of the kinds and quantities of the consumable goods which the implements and the labourers together shall from day to day produce.