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Rh they are by its iniquitous laws, its grinding monopolies, and the horrible social conditions that result from them. We enact many laws that manufacture criminals, and then a few that punish them. Is it too much to expect that the new social conditions which must follow the abolition of all interference with the production and distribution of wealth will in the end so change the habits and propensities of men that our jails and prisons, our policemen and our soldiers,—in a word, our whole machinery and outfit of defence,—will be superfluous? That, at least, is the Anarchists' belief. It sounds Utopian, but it really rests on severely economic grounds. To-day, however, time is lacking to explain the Anarchistic view of the dependence of usury, and therefore of poverty, upon monopolistic privilege, especially the banking privilege, and to show how an intelligent minority, educated in the principle of Anarchism and determined to exercise that right to ignore the State upon which Spencer, in his "Social Statics," so ably and admirably insists, might, by setting at defiance the National and State banking prohibitions, and establishing a Mutual Bank in competition with the existing monopolies, take the first and most important step in the abolition of usury and of the State. Simple as such a step would seem, from it all the rest would follow.

A half-hour is a very short time in, which to discuss the relation of the State to the individual, and I must ask your pardon for the brevity of my dealing with a succession of considerations each of which needs an entire essay for its development. If I have outlined the argument intelligibly, I have accomplished all that I expected. But, in the hope of impressing the idea of the true social contract more vividly upon your minds, in conclusion I shall take the liberty of reading another page from Proudhon, to whom I am indebted for most of what I know, or think I know, upon this subject. Contrasting authority with free contract, he says, in his "General Idea of the Revolution of the Nineteenth Century":—

"Of the distance that separates these two régimes, we may judge by the difference in their styles.

"One of the most solemn moments in the evolution of the principle of authority is that of the promulgation of the Decalogue. The voice of the angel commands the People, prostrate at the foot of Sinai:—

"Thou shalt worship the Eternal, and only the Eternal. Thou shalt swear only by him. Thou shalt keep his holidays, and thou shalt pay his tithes.