"'It is a fact creditable to Americans that they appear to have begun to realize as early as the forties that new and dangerous tendencies were affecting the republic and threatening to falsify its promise of a wide diffusion of welfare. That decade is notable in American history for the popular interest taken in the discussion of the possibility of a better social order, and for the numerous experiments undertaken to test the feasibility of dispensing with the private capitalist by co-operative industry. Already the more intelligent and public-spirited citizens were beginning to observe that their so-called popular government did not seem to interfere in the slightest degree with the rule of the rich and the subjection of the masses to economic masters, and to wonder, if that were to continue to be so, of exactly how much value the so-called republican institutions were on which they had so prided themselves. "'This nascent agitation of the social question on radical lines was, however, for the time destined to prove abortive by force of a condition peculiar to America--namely, the existence on a vast scale of African chattel slavery in the country. It was fitting in the evolution of complete human liberty that this form of bondage, cruder and more brutal, if not on the whole more cruel, than wage slavery, should first be put out of the way. But for this necessity and the conditions that produced it, we may believe that the great Revolution would have occurred in America twenty-five years earlier. From the period of 1840 to 1870 the slavery issue, involving as it did a conflict of stupendous forces, absorbed all the moral and mental as well as physical energies of the nation. "'During the thirty or forty years from the serious beginning of the antislavery movement till the war was ended and its issues disposed of, the nation had no thought to spare for any other interests. During this period the concentration of capital in few hands, already alarming to the far-sighted in the forties, had time, almost unobserved and quite unresisted, to push its conquest of the country and the people. Under cover of the civil war, with its preceding and succeeding periods of agitation over the issues of the war, the capitalists may be said to have stolen a march upon the nation and intrenched themselves in a commanding position. "'Eighteen seventy-three is the point, as near as any date, at which the country, delivered at last from the distracting ethical, and sectional issues of slavery, first began to open its eyes to the irrepressible conflict which the growth of capitalism had forced--a conflict between the power of wealth and the democratic idea of the equal right of all to life, liberty, and happiness. From about this time we date, therefore, the beginning of the final or revolutionary period of the pseudo-American Republic which resulted in the establishment of the present system.