proportion of its value, and if the article is sold at the bazaar, the proceeds are accounted for to the depositor, less the sum advanced and a small charge for expenses. These institutions, Mr. Bonar says, have had excellent effects, though he admits that the facilities of borrowing have led the working men in some places into debt; but they are at any rate a vast improvement on the pawnbroking system in vogue elsewhere. The condition of Switzerland shows us clearly enough that democracy under a _régime_ of freedom lends no ear to socialism, but sets its face in entirely different directions. The United States of America have done more for experimental socialism than any other country. Owenites, Fourierists, Icarians have all established communities there, but these communities have failed long ago, except one of the Icarian, and the only other socialist experiments now existing in America are seventy or eighty religious communities, Shakers and Rappists, whose success has been due to their religious discipline and their celibacy, and whose members amount to no more than 5,000 souls all told. There is indeed a Russian Commune in California, but it remains a solitary Russian Commune still, the "new formula of civilization," as Russian reformers used to call it, showing no sign of further adoption. Nor has the new or political socialism found any better success in the States. There are various indigenous forms of it--such as the agrarian socialism of Mr. Henry George, and the nationalism of Mr. E. Bellamy--but in point of following they are of little importance, and the socialism of the American socialist and revolutionary parties is a mere German import, with as yet a purely German consumption. It has been pushed vigorously in the American market for twenty years, but taken singularly little hold of the American taste. There is one revolutionary socialist body composed chiefly of English-speaking members, the International Workmen's Association, which was founded in 1881 in one of the western states; but Mr. Ely says its membership would be generously estimated at 15,000, and it considers the great work of the present should be popular education, so as to prepare the people for the revolution when it comes.