So that you see it is not only untrue that Socialism would rob a poor man of his virtuously acquired "bit of property," but the direct contrary is the truth, that the present system, non-Socialism, is now constantly _butchering thrift_! Simple people believe the great financiers win and lose money to each other. They are not--to put it plainly--such fools. They use the public, and the public goes on being used, as a perpetual source of freshly accumulated wealth. I know one case of a man of fifty who serves in a shop, a most industrious, competent man, who has been saving and investing money all his life in what he had every reason to believe were safe and sober businesses; he has been denying himself pleasures, cramping his life to put by about a third of his wages every year since he was two-and-twenty, and to-day he has not got his keep for a couple of years, and his only security against disablement and old age is his subscription to a Friendly Society, a society which I have a very strong suspicion is no better off than most other Friendly Societies--and that is by no means well off, and by no means confident of the future. It is possible to argue that the small man ought to take more pains about his investments, but, as a matter of fact, investing money securely and profitably is a special occupation of extraordinary complexity, and the common man with a few hundred pounds has no more chance in that market than he would have under water in Sydney Harbour amidst a shoal of sharks. It may be said that he is greedy, wants too much interest, but that is nonsense. One of the crudest gulfs into which small savings have gone in the case of the British public has been the trap of Consols, which pay at the present price less than three per cent. Servants and working men with Post Office Savings' Bank accounts were urged, tempted and assisted to invest in this solemn security--even when it stood at 114. Those who did so have now (November 1907) lost almost a third of their money. It is scarcely too much to say that a very large proportion of our modern great properties, tramway systems, railways, gas-works, bread companies, have been created for their present owners the debenture holders and mortgagers, the great capitalists, by the unintentional altruism of that voluntary martyr, the Saving Small Man.