He realized keenly that it was absolutely impossible to go back to an outworn social status, and that we must abandon definitely the _laissez-faire_ theory of political economy, and fearlessly champion a system of increased Governmental control, paying no heed to the cries of the worthy people who denounce this as Socialistic.

He saw that, in order to meet the inevitable increase in the power of corporations produced by modern industrial conditions, it would be necessary to increase in like fashion the activity of the sovereign power which alone could control such corporations.

As has been aptly said, the only way to meet a billion-dollar corporation is by invoking the protection of a hundred-billion-dollar government; in other words, of the National Government, for no State Government is strong enough both to do justice to corporations and to exact justice from them.

Said Senator Davis in this admirable address, which should be reprinted and distributed broadcast: "The liberty of the individual has been annihilated by the logical process constructed to maintain it.

We have come to a political deification of Mammon.