Trades-unions, then, are right and useful, and it may be that they are necessary. They may do much by way of true economic means to raise wages. They are useful to spread information, to maintain _esprit de corps_, to elevate the public opinion of the class. They have been greatly abused in the past. In this country they are in constant danger of being used by political schemers--a fact which does more than anything else to disparage them in the eyes of the best workmen. The economic notions most in favor in the trades-unions are erroneous, although not more so than those which find favor in the counting-room. A man who believes that he can raise wages by doing bad work, wasting time, allowing material to be wasted, and giving generally the least possible service in the allotted time, is not to be distinguished from the man who says that wages can be raised by putting protective taxes on all clothing, furniture, crockery, bedding, books, fuel, utensils, and tools. One lowers the services given for the capital, and the other lowers the capital given for the services. Trades-unionism in the higher classes consists in jobbery. There is a great deal of it in the professions. I once heard a group of lawyers of high standing sneer at an executor who hoped to get a large estate through probate without allowing any lawyers to get big fees out of it. They all approved of steps which had been taken to force a contest, which steps had forced the executor to retain two or three lawyers. No one of the speakers had been retained.