s of
Egyptian railways. There is this difference: the United States retains
control of the physical property, and can, if it wishes, tax these
incomes out of existence, while Egypt can not.

[2] "'If social democracy is not yet in power, it has already a
position of influence which carries certain obligations. Its word
weighs very heavily in the scale.'"--Edward Bernstein, "Die
Voraussetzungen des Sozialismus," p. 145, quoted by Jane T. Stoddart.
"The New Socialism," New York and London, p. 156.

[3] Quoted by William English Walling, "The Socialists and the War,"
New York, 1915, p. 19.

[4] "The improvement of the lot of the workers has as a necessary
condition the prosperity of the industrial development; the ruin of
commerce and industry would encompass their own ruin. In a speech
delivered at Stuttgart, Mr. Wolfgang Heine, a socialist member of the
Reichstag, declared that 'the economic solidarity of the nation exists
despite all antagonism of interest between the classes, and that if the
German fatherland were conquered, the workers would suffer like the
employers and even more than these.'" "The alliance between trade
union socialism and military imperialism was manifested for the first
time at the Stuttgart (International Socialist) Congress in 1907. The
majority of German delegates, composed above all of trade union
representatives, were opposed to the Marxist resolution condemning
colonial wars."--"L'imperialisme des socialistes allemands," _La
Revue_, vol. cxii. Paris, 1915.

[5] In their admirable "History of Trade Unionism" Sidney and Beatrice
Webb ascribe the rapid increase in the growth and power of British
trade unions after 1850 in large part to the development of British
commerce and industry. "This success we attribute mainly to the spread
of education among the rank and file, and the more practical counsels
which began, after 1842, to influence the Trade Union world. But we
must not overlook the effect of economic changes. The period between
1825 and 1848 (in which "magnificent hopes ended in bitter
disillusionment") was remarkable for the frequency and acuteness of its
commercial depressions. From 1850 industrial expansion was for many
years both greater and steadier than in any previous period."

[6] This is the real but not the avowed policy of a large section of
the workers, especially of trade unionists, in the Social Democratic
Party of Germany.

[7] French Yellow Book, No. 5.