an army, an awful army of anguish and dispair. Now they have decreased to a number so small, and are of a type so mild, that we can hardly count insanity among our causes of unhappiness.
"We have totally eliminated chance from our economic life. There is still a chance that a man will be tall or short, in Altruria, that he will be strong or weak, well or ill, gay or grave, happy or unhappy in love, but none that he will be rich or poor, busy or idle, live splendidly or meanly. These stupid and vulgar accidents of human contrivance cannot befall us; but I shall not be able to tell you just how or why, or to detail the process of eliminating chance. I may say, however, that it began with the nationalization of telegraphs, expresses, railroads, mines and all large industries operated by stock companies. This at once struck a fatal blow at the speculation in values, real and unreal, and at the stock exchange, or bourse; we had our own name for that gambler's paradise, or gambler's hell, whose baleful influence penetrated every branch of business.
"There were still business fluctuations, as long as we had business, but they were on a smaller and smaller scale, and with the final lapse of business they
