All society is organized under the guild system, and every man must be a registered member of one guild or another. The guild of the farmers is the largest, and usually it is to this that those citizens belong who are officials or professional men. Then there are guilds of metal-workers of all kinds, cloth-makers, builders, artists, etc. When a Walled Town is founded with small numbers the list of guilds is very small, but as the town increases so do the guilds, and the different industries organize their own groups. A guild is an artificial family made up of all those of a common interest. Its objects are: human fellowship, coöperation, mutual aid in illness or misfortune, the maintaining of the highest standard in the product of all its members, prevention of inordinate profits, regulation of the relationship between masters, journeymen and apprentices, the standardizing of wages and profits, craft training and education, the maintenance of and common participation in religious services, and finally the purchase of raw materials and the ownership and maintenance of large and costly machinery in the few cases where that is employed. In the Walled Town the division between capital and labour does not and can not exist. Since production is for use, not profit, since competition is impossible under the guild system, and since no advertising is permitted beyond a sign-board (and they are sometimes most notable works of art, these painted and gilded and carven signs), exploitation, whether of labour or markets, is unknown. One of the fundamental points in the town charters is the definite prohibition of the “unearned increment.” Money may not be taken or paid for the use of money, except within each guild, and here only under what are practically emergency conditions, the rate of interest never exceeding three per cent. Every guild has its own fund, made up from dues, bequests, and a percentage of profits on the sale by the guild of such surplus products as may be handed over to its officers for disposal; but this fund cannot be invested at interest outside the walls nor is any portion available for other than guild members, except that the town may use it for current expenses in anticipation of the regular land-taxes (or rent), paying three per cent therefor, and returning it within the space of a year. The system is practically a restoration of the guild system of the Middle Ages, and any one may find for himself further details by referring to the many books on the subject; _e. g._ those of William Morris, Arthur Penty and Prince Kropotkin. It is the precise antithesis of collectivism, socialism and trades-unionism of whatever form.