someone is cheated or in other words robbed. Now when the state undertook practically all business and all transportation, and owned all houses, shops and factories, all risks of all forms were at once distributed to all the people, without the ceremony of insurance. If a building burned, or tools, or machinery became superseded by better ones, or goods became unsalable, or employes dishonest, or incompetent, the loss was fully insured, for it fell upon all, and there was nobody outside of this “all” to make it good. There could therefore be no possible honest end to be gained by profits; and interest on money falls with profits. As all the people work some time or other and receive wages, all have a bank account, for they are taught to be careful and economical, and they understand that one cannot spend a dollar and still have it.” “How do they encourage and pay for inventions and discoveries—or has everything been invented and discovered?” “No, they are discovering something new all the time. A good many people who have got something ahead and have leisure find congenial employment in invention. If they produce anything valuable the state takes and uses it paying them for their time, and also distinguishing them by honorable mention and in some cases by decorations or medals. If the development of the idea requires the use of expensive machinery or materials, it is submitted to the judgment, of experts whether the would be inventor shall be furnished these things at public expense. If they think his idea not of sufficient value, he must either drop it or pursue it at his own expense, and take his chances of getting the glory and the pay when it is demonstrated, and these considerations seem to be enough to bring out their best endeavor in that line.” “Then it seems they don’t value brain work any higher than hand work?” “They value brains, but do not pay extra for them for the reason that they regard them as owing their best thoughts to the state. They say, that whatever one is, the state has made him, and if he is above the average he owes more than the average.” “Did you say, Professor, that the houses belong to the state?”