salary. Railway legislation did exactly the same. Strategic lines, subsidized lines, companies which received the International Mail monopoly, everything was brought into play to forward wealthy financiers' interests. When Rothschild, creditor to all European States, puts capital in a railway, his faithful subjects, the ministers, will do their best to make him earn more.
In the United States, in the Democracy that authoritarians hold up to us as an ideal, the most scandalous fraudulency has crept into everything that concerns railroads. Thus, if a company ruins its competitors by cheap fares, it is often enabled to do so because it is reimbursed by land given to it by the State for a gratuity. Documents recently published concerning the American wheat trade have fully shown up the part played by the State in the exploitation of the weak by the strong. Here, too, the power of accumulated capital has grown tenfold and a hundredfold by State help. So that, when we see syndicates of railway companies (a product of free agreement) succeeding in protecting their small companies against big ones, we are astonished at the intrinsic force of free agreement that can hold its own against all-powerful Capital favoured by the State.
It is a fact that little companies exist, in spite of the State's partiality. If in France, land of centralization, we only see five or six large companies, there are more than a hundred and ten in Great Britain who agree remarkably well, and
