—that is full of curious and interesting speculation on this point. He thinks that if we keep the road we are now going, the last state of labor will be like its first, and it will be owned."
"Oh, I don't believe that will ever happen in America," I protested.
"Why not?" asked the banker. "Practically, it is owned already in a vastly greater measure than we recognize. And where would the great harm be? The new slavery would not be like the old. There needn't be irresponsible whipping and separation of families, and private buying and selling. The proletariat would probably be owned by the state, as it was at one time in Greece; or by large corporations, which would be much more in keeping with the genius of our free institutions: and an enlightened public opinion would cast safeguards about it in the form of law to guard it from abuse. But it would be strictly policed, localized, and controlled. There would probably be less suffering than there is now, when a man may be cowed into submission to any terms through the suffering of his family; when he may be starved out and turned out if he is unruly. You may be sure that nothing of that kind would happen in the new
