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 as disposing of the question, it leaves out of account the importance of thought for progress. Viewing the life of mankind as a whole, in the future as well as in the present, there can be no question that a society in which some men pursue knowledge while others endure great poverty offers more hope of ultimate good than a society in which all are sunk in slothful comfort. It is true that poverty is a great evil, but it is not true that material prosperity is in itself a great good. If it is to have any real value to society, it must be made a means to the advancement of those higher goods that belong to the life of the mind. But the life of the mind does not consist of thought and knowledge alone, nor can it be completely healthy unless it has some instinctive contact, however deeply buried, with the general life of the community. Divorced from the social instinct, thought, like art, tends to become finicky and precious. It is the position of such art and thought as is imbued with the instinctive sense of service to mankind that we wish to consider, for it is this alone that makes up the life of the mind in the sense in which it is a vital part of the life of the community. Will the life of the mind in this sense be helped or hindered by Socialism? And will there still be a sufficient spur to progress to prevent a Condition of Byzantine immobility?

In considering this question we are, in a certain sense, passing outside the atmosphere of democracy. The general good of the community is realized only in individuals, but it is realized much more fully in some individuals than in others. Some men have a