“I do not follow that,” said the editor.

“The Cooperative Commonwealth is a universal automatic insurance company and savings-bank for all its members. Capital being the property of all, injury to it is shared by all and made up by all. The bank is the universal government credit-account, the ledger in which every individual’s earnings and spendings are balanced. There is also a universal government bulletin, in which are listed and precisely described everything which the commonwealth has for sale. As no one makes any profit by the sale, there is no longer any stimulus to extravagance, and no misrepresentation; no cheating, no adulteration or imitation, no bribery or ‘grafting.’ ”

“How is the price of an article determined?”