It is said that no class of people in the community is more hostile to Socialism and Socialistic legislation than these small owners and petty investors, these small ratepayers. They do not understand. Rent they consider in the nature of things like hunger and thirst; the economic process that dooms the weak enterprise to ruin is beyond the scope of their intelligence; but the rate-collector who calls and calls again for money, for more money, to educate "other people's children," to "keep paupers in luxury," to "waste upon roads and light and trams," seems the agent of an unendurable wrong. So the poor creatures go out pallidly angry to vote down that hated thing municipal enterprise, and to make still more scope for that big finance that crushes them in the wine-press of its exploitation. It is a wretched and tragic antagonism, for which every intelligent Socialist must needs have sympathy, which he must meet with patience--and lucid explanations. If the public authority took rent there would be no need of rates; that is the more obvious proposition. But the ampler one is the cruelty, the absurdity and the social injury of the constant consumption of unprotected savings which is an essential part of our present system. It is a doctrinaire and old-fashioned Socialism that quarrels with the little hoard; the quarrel of modern Socialism is with the landowner and the great capitalist who devour it. § 4. While we are discussing the true attitude of modern Socialism to property, it will be well to explain quite clearly the secular change of opinion that is going on in the Socialist ranks in regard to the process of expropriation. Even in the case of those sorts of property that Socialism repudiates, property in land, natural productions, inherited business capital and the like, Socialism has become humanized and rational from its first extreme and harsh positions. The earlier Socialism was fierce and unjust to owners. "Property is Robbery," said Proudhon, and right down to the nineties Socialism kept too much of the spirit of that proposition. The property owner was to be promptly and entirely deprived of his goods, and to think himself lucky he was not lynched forthwith as an abominable rascal. The first Basis of the Fabian Society, framed so lately as 1884, seems to repudiate "compensation," even a partial compensation of property owners, though in its practical proposals the Fabian Society has always admitted compensatory arrangements. The exact words of the Basis are "without compensation though not without such relief to expropriated individuals as may seem fit to the community." The wording is pretty evidently the result of a compromise between modern views and older teachings. If the Fabian Society were rewriting its Basis now I doubt if any section would insist even upon that eviscerated "without compensation."