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the dial, my companions meanwhile leaning over me in attitudes of eager interest.

      It had been one hundred years since I locked the safe the last time, and under ordinary circumstances that would have been long enough for me to forget the combination several times over, but it was as fresh in my mind as if I had devised it a fortnight before, that being, in fact, the entire length of the intervening period so far as my conscious life was concerned.

      "You observe," I said, "that I turn this dial until the letter 'K' comes opposite the letter 'R.' Then I move this other dial till the number '9' comes opposite the same point. Now the safe is practically unlocked. All I have to do to open it is to turn this knob, which moves the bolts, and then swing the door open, as you see."

      But they did not see just then, for the knob would not turn, the lock remaining fast. I knew that I had made no mistake about the combination. Some of the tumblers in the lock had failed to fall. I tried it over again several times and thumped the dial and the door, but it was of no use. The lock remained stubborn. One might have said that its memory was not as good as mine. It had forgotten the combination. A materialistic explanation somewhat more probable was that the oil in the lock had been hardened by time so as to offer a slight resistance. The lock could not have rusted, for the atmosphere of the room had been absolutely dry. Otherwise I should not have survived.

      "I am sorry to disappoint you," I said, "but we shall have to send to the headquarters of the safe manufacturers for a locksmith. I used to know just where in Sudbury Street to go, but I suppose the safe business has moved since then."

      "It has not merely moved," said the doctor, "it has disappeared; there are safes like this at the historical museum, but I never knew how they were opened until now. It is really very ingenious."

      "And do you mean to say that there are actually no locksmiths to-day who could open this safe?"

      "Any machinist can cut the steel like cardboard," replied the doctor; "but really I don't believe there is a man in the world who could pick the lock. We have, of course, simple locks to insure privacy and keep children out of mischief, but nothing calculated to offer serious resistance either to force or cunning. The craft of the locksmith is extinct."

      At this Edith, who was impatient to see the safe opened, exclaimed that the twentieth century had nothing to boast of if it could not solve a puzzle which any clever burglar of the nineteenth century was equal to.

      "From the point of view of an impatient young woman it may seem so," said the doctor. "But we must remember that lost arts often are monuments of human progress, indicating outgrown limitations and necessities, to which they ministered. It is because we have no more thieves that we have no more locksmiths. Poor Julian had to go to all this pains to protect the papers in that safe, because if he lost them he would be left a beggar, and, from being one of the masters of the many, would have become one of the servants of the few, and perhaps be tempted to turn burglar himself. No wonder locksmiths were in demand in those days. But now you see, even supposing any one in a community enjoying universal and equal wealth could wish to steal anything, there is nothing that he could steal with a view to selling it again. Our wealth consists in the guarantee of an equal share in the capital and income of the nation--a guarantee that is personal and can not be taken from us nor given away, being vested in each one at birth, and divested only by death. So you see the locksmith and safe-maker would be very useless persons."

      As we talked, I had continued to work the dial in the hope that the obstinate tumbler might be coaxed to act, and presently a faint click rewarded my efforts and I swung the door open.

      "Faugh!" exclaimed Edith at the musty gust of confined air which followed. "I am sorry for your people if that is a fair sample of what you had to breathe."

      "It is probably about the only sample left, at any rate," observed the doctor.

      "Dear me! what a ridiculous little box it turns out to be for such a pretentious outside!" exclaimed Edith's mother.

      "Yes," said I. "The thick walls are to make the contents fireproof as well as burglar-proof--and, by the way, I should think you would need fireproof safes still."

      "We have no fires, except in the old structures," replied the doctor. "Since building was undertaken by the people collectively, you see we could not afford to have them, for destruction of property means to the nation a dead loss, while under private capitalism the loss might be shuffled off on others in all sorts of ways. They could get insured, but the nation has to insure itself."

      Opening the inner door of the safe, I took out several drawers full of securities of all sorts, and emptied them on the table in the room.

      "Are these stuffy-looking papers what you used to call wealth?" said Edith, with evident disappointment.

      "Not the papers in themselves," I said, "but what they represented."

      "And what was that?" she asked.

      "The ownership of land, houses, mills, ships, railroads, and all manner of other things," I replied, and went on as best I could to explain to her mother and herself about rents, profits, interest, dividends, etc. But it was evident, from the blank expression of their countenances, that I was not making much headway.

      Presently the doctor looked up from the papers which he was devouring with the zeal of an antiquarian, and chuckled.

      "I am afraid, Julian, you are on the wrong tack. You see economic science in your day was a science of things; in our day it is a science of human beings. We have nothing at all answering to your rent, interest, profits, or other financial devices, and the terms expressing them have no meaning now except to students. If you wish Edith and her mother to understand you, you must translate these money terms into terms of men and women and children, and the plain facts of their relations as affected by your system. Shall you consider it impertinent if I try to make the matter a little clearer to them?"

      "I shall be much obliged to you," I said; "and perhaps you will at the same time make it clearer to me."

      "I think," said the doctor, "that we shall all understand the nature and value of these documents much better if, instead of speaking of them as titles of ownership in farms, factories, mines, railroads, etc., we state plainly that they were evidences that their possessors were the masters of various groups of men, women, and children in different parts of the country. Of course, as Julian says, the documents nominally state his title to things only, and say nothing about men and women. But it is the men and women who went with the lands, the machines, and various other things, and were bound to them by their bodily necessities, which gave all the value to the possession of the things.

      "But for the implication that there were men who, because they must have the use of the land, would submit to labor for the owner of it in return for permission to occupy it, these deeds and mortgages would have been of no value. So of these factory shares. They speak only of water power and looms, but they would be valueless but for the thousands of human workers bound to the machines by bodily necessities as fixedly as if they were chained there. So of these coal-mine shares. But for the multitude of wretched beings condemned by want to labor in living graves, of what value would have been these shares which yet make no mention of them? And see again how significant is the fact that it was deemed needless to make mention of and to enumerate by name these serfs of the field, of the loom, of the mine! Under systems of chattel slavery, such as had formerly prevailed, it was necessary to name and identify each chattel, that he might be recovered in case of escape, and an account made of the loss in case of death. But there was no danger of loss by the escape or the death of the serfs transferred by these documents. They would not run away, for there was nothing better to run to or any escape from the world-wide economic system which enthralled them; and if they died, that involved no loss to their owners, for there were always plenty more to take their places. Decidedly, it would have been a waste of paper to enumerate them.

      "Just now at the breakfast table," continued the doctor, "I was explaining the modern view of the economic system of private capitalism as one based on the compulsory servitude of the masses to the capitalists, a servitude which the latter enforced by monopolizing the bulk of the world's resources and machinery, leaving the pressure of want to compel the masses

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