I exact a very high rate of insurance, towards a fund--I need not go into details--to which I myself contribute a percentage--a far higher rate than would be possible if they spent their earnings on drink.

I invest the whole lot in my business--their stoppages from wages and my contributions.

I guarantee them 3 per cent.; I give them, actually, the dividends that accrue to the holders of ordinary stock in my company.

They also have the general advantages of insurance--sickness, burial, maternity, and so forth--that they would get from an ordinary benefit society." "But that's enormous," cried Paul, with keen interest.

"On the face of it, it seems impossible.