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 be like the name of the beast in the Apocalypse,—a name in which is hidden the complete explanation of the whole mystery of this beast. It was known that he who should solve the mystery of this name would obtain a knowledge of the whole prophecy, and would succeed in mastering the beast. Well! by the most careful interpretation of our axiom we shall kill the sphinx of property. Starting from this eminently characteristic fact—the right of increase—we shall pursue the old serpent through his coils; we shall count the murderous entwinings of this frightful tænia, whose head, with its thousand suckers, is always hidden from the sword of its most violent enemies, though abandoning to them immense fragments of its body. It requires something more than courage to subdue this monster. It was written that it should not die until a proletaire, armed with a magic wand, had fought with it.

—1. The amount of increase is proportional to the thing increased. Whatever be the rate of interest,—whether it rise to three, five, or ten per cent., or fall to one-half, one-fourth, one-tenth,—it does not matter; the law of increase remains the same. The law is as follows:—

All capital—the cash value of which can be estimated—may be considered as a term in an arithmetical series which progresses in the ratio of one hundred, and the revenue yielded by this capital as the corresponding term of another arithmetical series which progresses in a ratio equal to the rate of interest. Thus, a capital of five hundred francs being the fifth term of the arithmetical progression whose ratio is one hundred, its revenue at three per cent. will be indicated by the fifth term of the arithmetical progression whose ratio is three:—