Socialism and Anarchism are the two extremes of political thought; they are parts of the same dung, in the sense that the terminal points of a road are parts of the same road. Between them, about midway, lies the system that we have the happiness to endure. It is a "blend" of Socialism and Anarchism in about equal parts: all that is not one is the other. Everything serving the common interest, or looking to the welfare of the whole people, is socialistic in the strictest sense of the word as understood by the Socialist Whatever tends to private advantage or advances an individual or class interest at the expense of a public one, is anarchistic. Cooperation is Socialism; competition is Anarchism. Competition carried to its logical conclusion (which only cooperation prevents or can prevent) would leave no law in force no property possible no life secure. Of course the words "cooperation" and "competition" are not here used in a merely industrial and commercial sense; they are intended to cover the whole field of human activity. Two voices singing a duet--that is cooperation--Socialism. Two voices singing each a different tune and trying to drown each other--that is competition--Anarchism: each is a law unto itself--that is to say, it is lawless. Everything that ought to be done the Socialist hopes to do by associated endeavor, as an army wins battles; Anarchism is socialistic in its means only: by cooperation it tries to render cooperation impossible--combines to kill combination. Its method says to its purpose: "Thou fool!" II. Everything foretells the doom of authority. The killing of kings is no new industry; it is as ancient as the race. Always and everywhere persons in high place have been the assassin's prey. We have ourselves lost three Presidents by murder, and will doubtless lose many another before the book of American history is closed. If anything is new in this activity of the regicide it is found in the choice of victims. The contemporary "avenger" slays, not the merely great, but the good and the inoffensive--an American President who had struck the chains from millions of slaves; a Russian Czar who against the will and work of his own powerful nobles had freed their serfs; a French President from whom the French people had received nothing but good; a powerless Austrian Empress, whose weight of sorrows touched the world to tears; a blameless Italian King beloved of his people; such is a part of the recent record of the regicide whose every entry is a tale of infamy unrelieved by one circumstance of justice, decency or good intention. And the great Brazilian liberator died in exile.