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 ten days. Their work-day being an eight-hours day, it has taken them eight thousand working hours to produce a hundred tons of steel—eight hours a ton." For this the State would pay them eight thousand labour-notes of one hour each, and these eight thousand cheques would be divided among the members of the iron-works as they themselves thought proper.

On the other hand, a hundred miners having taken twenty days to extract eight thousand tons of coal, coal would be worth two hours a ton, and the sixteen thousand cheques of one hour each, received by the Guild of Miners, would be divided among their members according to their own appreciation. If the miners protested, and said that a ton of steel should only cost six hours' work instead of eight; if the professor wished to have his day paid twice more than the nurse, then the State would interfere and would settle their differences.

Such is, in a few words, the organization collectivists wish to see arise out of the Social Revolution. As we see, their principles are: Collective property of the instruments of production, and remuneration to each according to the time spent in producing, while taking into account the productivity of his labour. As to the political system, it would be Parliamentarianism modified by positive instructions given to those elected, by the Referendum—a vote, taken by noes or ayes by the nation.