Alexander Hamilton represented the opposite school of political philosophy. He was for concentration, and centralization of power. At the root of the Hamiltonian theory is the belief that the people are not competent to govern themselves,--hence the idea of ruling from above. At the root of the Jeffersonian theory is the home rule principle and absolute confidence in the wisdom of the people. The Republican party today is somewhat consistent with the Hamiltonian philosophy, while the Democratic party is consistent with no one theory, and is composed of an heterogeneous collection of philosophers (?) from divers schools; but, assuming that the Democratic party is mainly Jeffersonian, it should be the last party seriously to suggest the government ownership idea. Yet, if we are to follow Jefferson's "Free individual enterprise" philosophy, we cannot consistently destroy the Trust, for that would be interfering with free individual enterprise. The word "free" was used by Jefferson in the sense of freedom from governmental interference. However, there are those who claim that the Trust destroys free individual enterprise because of special governmental favors, such as tariffs, patent and copyright laws and legislative discrimination, which contention is more or less well founded, and these persons therefore wish the government to refuse these favors, claiming that then the Trust cannot exist, and that then there will be free individual enterprise. But this appears to be an erroneous conclusion, in view of the enormous advantages and economies of co-operation, and by no manner of logical reasoning is it possible to construct a permanent remedy from such proposed action. Briefly, there is nothing to be found in the traditions and philosophy of either the Democratic or the Republican party, nor the various socialist parties, to meet the situation. Whether we approve of the collectivist school of philosophy, of which Karl Marx was the illustrious head, or of the individualistic school, of which Proudhon was perhaps the ablest exponent, whether we are followers of Hamilton or Jefferson, we find we must seek out a new ground or a middle ground somewhere, for the old theories will not meet the situation and solve the problem. There is some truth and virtue in everything that is false and evil, just as there is some evil in everything that is good. We must discover and appropriate the virtues of Jefferson and Proudhon, Hamilton and Marx, and carefully discard their faults. PART VI. A PARABLE.