degradation of the national name, not one blow of the policeman's bludgeon, not a single bullet or bayonet thrust of the soldiery, could have been spared. Nothing but just this discipline of failure, disappointment, and defeat on the part of the earlier reformers could have educated the people to the necessity of attacking the system of private capitalism in its existence instead of merely in its particular manifestations. "We reckon the beginning of the second part of the revolutionary movement to which we give the name of the coherent or rational phase, from the time when there became apparent a clear conception, on the part of at least a considerable body of the people, of the true nature of the issue as one between the rights of man and the principle of irresponsible power embodied in private capitalism, and the realization that its outcome, if the people were to triumph, must be the establishment of a wholly new economic system which should be based upon the public control in the public interest of the system of production and distribution hitherto left to private management." "At about what date," I asked, "do you consider that the revolutionary movement began to pass from the incoherent into the logical phase?" "Of course," replied the doctor, "it was not the case of an immediate outright change of character, but only of the beginning of a new spirit and intelligence. The confusion and incoherence and short-sightedness of the first period long overlapped the time when the infusion of a more rational spirit and adequate ideal began to appear, but from about the beginning of the nineties we date the first appearance of an intelligent purpose in the revolutionary movement and the beginning of its development from a mere formless revolt against intolerable conditions into a logical and self-conscious evolution toward the order of to-day." "It seems I barely missed it." "Yes," replied the doctor, "if you had been able to keep awake only a year or two longer you would not have been so wholly surprised by our industrial system, and especially by the economic equality for and by which it exists, for within a couple of years after your supposed demise the possibility that such a social order might be the outcome of the existing crisis was being discussed from one end of America to the other.