INDIVIDUAL TELESIS 717

It checks production by choking circulation. It makes no pro- vision for equitable, not to speak of equal, distribution. The monopolistic tendency of natural law, working here as every- where, closes the smaller avenues of. trade, heaps up the prod- ucts in certain centers, and clogs the free flow of the social chyme before it can fairly get into the circulatory system of society.

LESTER F. WARD.

WASHINGTON, D. C.