he can control the business because he is a capitalist, not because he has any kind of hobby or any kind of sense. The highest grade in the Guild system was a Master, and it meant a mastery of the business. To take the term created by the colleges in the same epoch, all the mediæval bosses were Masters of Arts. The other grades were the journeyman and the apprentice; but like the corresponding degrees at the universities, they were grades through which every common man could pass. They were not social classes; they were degrees and not castes. This is the whole point of the recurrent romance about the apprentice marrying his master's daughter. The master would not be surprised at such a thing, any more than an M.A. would swell with aristocratic indignation when his daughter married a B.A.
When we pass from the strictly educational hierarchy to the strictly egalitarian ideal, we find again that the remains of the thing to-day are so distorted and disconnected as to be comic. There are City Companies which inherit the coats of arms and the immense relative wealth of the old Guilds, and inherit nothing else. Even what is good about them is not what was good about the Guilds. In one case we shall find something like a Worshipful Company of Bricklayers, in which, it is unnecessary to say, there is not a single bricklayer or anybody who has ever known a bricklayer, but in which the senior partners of a few big businesses in the City, with a few faded
