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 But, since the chief executive of a nation of seventy-odd millions works for $50,000 a year, the Secretary of the Department of Iron and Steel must expect to have his salary cut accordingly. And not only will the workers take to themselves the profits of national and municipal monopolies, but also the immense revenues which the dominant classes today draw from rents, and mines, and factories, and all manner of enterprises.

All this would seem very like a dream, even to the worker, if it were not for the fact that like things have been done before. He points triumphantly to the aristocrat of the eighteenth century, who fought, legislated, governed, and dominated