THE NEW SOURCE OF ENERGY
along the roads, these flights of dragon-flies that swooped and soared and circled in the air, were indeed no more than the brightnesses of lamps and fires that gleam out when the world sinks towards twilight and the night. Between these high lights accumulated disaster, social catastrophe. The coal mines were manifestly doomed to closure at no very distant date, the vast amount of capital invested in oil was becoming unsaleable, millions of coal miners, steel workers upon the old lines, vast swarms of unskilled or under-skilled labourers in innumerable occupations, were being flung out of employment by the superior efficiency of the new machinery, the rapid fall in the cost of transit was destroying high land values at every centre of population, the value of existing house property had become problematical, gold was undergoing headlong depreciation, all the securities upon which the credit of the world rested were slipping and sliding, banks were tottering, the stock exchanges were scenes of feverish panic;—this was the reverse of the spectacle, these were the black and monstrous under-consequences of the Leap into the Air.
There is a story of a demented London stockbroker running out into Threadneedle Street and tearing off his clothes as he ran. "The Steel Trust is scrapping the whole of its plant," he
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