possible had better study the postal system now existing; we do not have post-offices jostling each other as do baker's and butcher's shops: there are sufficient of them for the requirements of the district, and no more. The letters for a town are delivered at the General Post Office; they are sorted out and delivered at the subordinate offices; the distribution of the correspondence of millions is carried on by a Government Department, quietly, effectively, without waste of labor, with celerity and economy. But then in the Post Office co-operation has replaced competition, organisation has replaced anarchy. Such a system, one hundred years ago, would have been pronounced impossible, as the Conservative minds of to-day pronounce impossible its extension to anything except letters and telegrams and parcels. I look for the time when the success of the Post Office will be repeated—and improved—in every department of distribution.
Capital.
We have already seen that Capital is accumulated by withholding from the producer a large part of the value he produces, and we have now to look more closely into the growth of Capital and the uses to which it is put. A glance over the historical Past, as well as the study of the Present, inform us that Capital has always been—as indeed it always must be—obtained from unpaid labor, or, if the phrase be preferred, by the partial confiscation of the results of labor. In communities the economic basis of which was slave-labor, this fact was obvious; the owner confiscated the whole products of his slaves' toil, and he became a capitalist by this process of continued confiscation; while the slave, fed, clothed, and housed out of the fruit of his own labor by his master, never owned anything as of right, nor had any property in that which he created. As civilisation advanced, serf-labor replaced slave-labor; here also the confiscation of the results of labor was obvious. The serf was bound to give so many days of work to his lord without payment; this service rendered, the remainder of his time was his own, to produce for his own subsistence; but the lord's capital increased by the confiscation of the results of the serf's labor during the days whereon he worked for his lord. In modern times "free labor" has replaced serf-labor, but in the present industrial system,
