so," was the reply. "All are free with us. The fact is, however, it is to their interest to remain loosely associated as they are now. Our settlements charge the Stores only the fair cost of production, the Stores again only an equitable charge for distribution to members. If a factory or allied institution essays to stand alone, it at once becomes subject to the action of competition. It relinquishes its favoured position. Middle-men come in, and profits are materially diminished. If it suit two hundred to co-operate, it stands to reason the benefit is proportionately increased when two thousand join hands."
"But will not this prodigious organization," objected Tom, "fall to pieces of its own weight? Will it not become too cumbersome to be managed from one centre?"
"Not necessarily. Our constitution provides for local self-government. Each enterprise is really self-contained, save that it is associated with other organizations worked on the same principle. Only in case of dispute and difficulty need reference be made to the central authority. All who benefit, however, are compelled to abide by the articles of association. That is the condition on which they receive the world-wide benefits of our organization."
"In so large a concern, what protection have you against exploitation and corruption?"
"Universal representation and supervision on the part of the various boards."
"But will not the individual interest be lost sight of in this vast organization?"
"Not in the least. Each department keeps, as we see, its own accounts, makes, on an approved scale, its own division of profits. Every man feels that he may, by application and economy, benefit himself directly.
"There is no doubt," concluded Travers, "that we
