And now that the people who have lived and died, toiled and wrought, suffered and supplicated through fifty-two months of agony have won, there will arise from those who have survived a dominant chorus which will insist upon the fulfilment of the promises that were made them to incite them to victory. Their hopes and desires and aspirations must be satisfied. I am one of those who believe that they will make their demands orderly and insistently, and not by means of revolution or serious disturbance of order. They will work out their salvation by mutual co-operation, not only amongst themselves but with those who are the leaders of the world's thought, many of whom have been heretofore of the privileged classes, but they will insist upon certain fundamental things which I have previously enumerated, and the foremost of which is the dispersion of great wealth, particularly hereditary wealth. The revolutionary Socialist sees an easy solution of the matter in the giving of the wealth to the masses and of recognizing no other source of wealth except labor, but that is not the kind of Socialist who will have to do with the reordering of the world that is now being born. It is the Socialist who is to-day frequently called the individualist, who believes that the dissipation of individual property and initiative will spell a greater ruin for the masses than for the individual and who believes in harmonizing the principles of individual liberty with those of solidarity, who will be the Socialist of the New Era. The future state will be arbitrary only in so far as it is the expression of the collected, united force of its citizens. They will really make its laws, not have them made for them by capital or privileged interests; they will enforce them impartially, and it is devoutly to be hoped the external force of such peoples will be conventionized in such a way with other peoples that armies and navies will practically cease to exist. The basis of such hope is in the League of Nations, for then we shall have a world-state which shall make international law or convention subject to law and enforcement. Once the fear of invasion of a country is overcome and once the principles of nationality can be established and put into operation, there will be no reason for the existence of armies and navies.