an evolution which must be fulfilled. In what a striking manner does that talk of your contemporaries about limiting the suffrage to correspond with the economic position of citizens illustrate the failure of even the most intelligent classes in your time to grasp the full significance of the democratic faith which they professed! The primal principle of democracy is the worth and dignity of the individual. That dignity, consisting in the quality of human nature, is essentially the same in all individuals, and therefore equality is the vital principle of democracy. To this intrinsic and equal dignity of the individual all material conditions must be made subservient, and personal accidents and attributes subordinated. The raising up of the human being without respect of persons is the constant and only rational motive of the democratic policy. Contrast with this conception that precious notion of your contemporaries as to restricting suffrage. Recognizing the material disparities in the circumstances of individuals, they proposed to conform the rights and dignities of the individual to his material circumstances instead of conforming the material circumstances to the essential and equal dignity of the man."
"In short," said I, "while under our system we conformed men to things, you think it more reasonable to conform things to men?"
"That is, indeed," replied the doctor, "the vital difference between the old and the new orders."
We walked in silence for some moments. Presently the doctor said: "I was trying to recall an expression you just used which suggested a wide difference between the sense in which the same phrase was understood in your day and now is. I was saying that we thought everybody who voted ought to have a property stake in the country, and you observed that some people had the same idea in your time, but according to our view of what a stake in the country is no one had it or could have it under your economic system."
"Why not?" I demanded. "Did not men who owned property in a country--a millionaire, for instance, like myself--have a stake in it?"
"In the sense that his property was geographically located in the country it might be perhaps called a stake within the country but not a stake in the country. It was the exclusive ownership of a piece of the country or a portion of the wealth in the country, and all it prompted the owner to was devotion to and care for that specific portion without regard to the rest. Such a separate stake or the ambition to obtain it, far from making its owner or seeker a citizen devoted to the common weal, was quite as likely to make him a dangerous one, for his selfish interest was to aggrandize his separate stake at the expense of his fellow-citizens and of the public interest. Your millionaires--with no personal reflection upon yourself, of course--appear to have been the most dangerous class of citizens you had, and that is just what might be expected from their having what you called but what we should not call a stake in the country. Wealth owned in that way could only be a divisive and antisocial influence.
"What we mean by a stake in the country is something which nobody could possibly have until economic solidarity had replaced the private ownership of capital. Every one, of course, has his own house and piece of land if he or she desires them, and always his or her own income to use at pleasure; but these are allotments for use only, and, being always equal, can furnish no ground for dissension. The capital of the nation, the source of all this consumption, is indivisibly held by all in common, and it is impossible that there should be any dispute on selfish grounds as to the administration of this common interest on which all private interests depend, whatever differences of judgment there may be. The citizen's share in this common fund is a sort of stake in the country that makes it impossible to hurt another's interest without hurting one's own, or to help one's own interest without promoting equally all other interests. As to its economic bearings it may be said that it makes the Golden Rule an automatic principle of government. What we would do for ourselves we must of necessity do also for others. Until economic solidarity made it possible to carry out in this sense the idea that every citizen ought to have a stake in the country, the democratic system never had a chance to develop its genius."
"It seems," I said, "that your foundation principle of economic equality which I supposed was mainly suggested and intended in the interest of the material well-being of the people, is quite as much a principle of political policy for safeguarding the stability and wise ordering of government."
"Most assuredly," replied the doctor. "Our economic system is a measure of statesmanship quite as much as of humanity. You see, the first condition of efficiency or stability in any government is that the governing power should have a direct, constant, and supreme interest in the general welfare--that is, in the prosperity of the whole state as distinguished from any part of it. It had been the strong point of monarchy that the king, for selfish reasons as proprietor of the country, felt this interest. The autocratic form of government, solely on that account, had always a certain rough sort of efficiency. It had been, on the other hand, the fatal weakness of democracy, during its negative phase previous to the great Revolution, that the people, who were the rulers, had individually only an indirect and sentimental interest in the state as a whole, or its machinery--their real, main, constant, and direct interest being concentrated upon their personal fortunes, their private stakes, distinct from and adverse to the general stake. In moments of enthusiasm they might rally to the support of the commonwealth, but for the most part that had no custodian, but was at the mercy of designing men and factions who sought to plunder the commonwealth and use the machinery of government for personal or class ends. This was the structural weakness of democracies, by the effect of which, after passing their first youth, they became invariably, as the inequality of wealth developed, the most corrupt and worthless of all forms of government and the most susceptible to misuse and perversion for selfish, personal, and class purposes. It was a weakness incurable so long as the capital of the country, its economic interests, remained in private hands, and one that could be remedied only by the radical abolition of private capitalism and the unification of the nation's capital under collective control. This done, the same economic motive--which, while the capital remained in private hands, was a divisive influence tending to destroy that public spirit which is the breath of life in a democracy--became the most powerful of cohesive forces, making popular government not only ideally the most just but practically the most successful and efficient of political systems. The citizen, who before had been the champion of a part against the rest, became by this change a guardian of the whole."
Chapter IV.
A twentieth-century bank parlor
The formalities at the bank proved to be very simple. Dr. Leete introduced me to the superintendent, and the rest followed as a matter of course, the whole process not taking three minutes. I was informed that the annual credit of the adult citizen for that year was $4,000, and that the portion due me for the remainder of the year, it being the latter part of September, was $1,075.41. Taking vouchers to the amount of $300, I left the rest on deposit precisely as I should have done at one of the nineteenth-century banks in drawing money for present use. The transaction concluded, Mr. Chapin, the superintendent, invited me into his office.
"How does our banking system strike you as compared with that of your day?" he asked.
"It has one manifest advantage from the point of view of a penniless _revenant_ like myself," I said--"namely, that one receives a credit without having made a deposit; otherwise I scarcely know enough of it to give an opinion."
"When you come to be more familiar with our banking methods," said the superintendent. "I think you will be struck with their similarity to your own. Of course, we have no money and nothing answering to money, but the whole science of banking from its inception was preparing the way for the abolition of money. The only way, really, in which our system differs from yours is that every one starts the year with the same balance to his credit and that this credit is not transferable. As to requiring deposits before accounts are opened, we are necessarily quite as strict
