vilized nations which have not even noticed this grand
demonstration of the possibilities of humanity.

The grandest and most hopeful co-operative scheme yet proposed is that
of Mr. Albert K. Owen, entitled the "Credit Foncier of Sinaloa," which
has been established at the harbor of Topolobampo, in the state of
Sinaloa, on the western coast of Mexico, where a large and liberal
grant has been obtained from the Mexican government for the Credit
Foncier Company, chartered by the state of Colorado, Mr. Owen being
chairman of the Board of Directors. Its headquarters were at rooms 7
and 8, 32 Nassau Street, New York, and the members of the community
are already gathered in considerable numbers at Topolobampo. The
Credit Foncier of Jan. 11 reports over 4,800 persons enlisted for the
colony, and over sixteen thousand shares of stock sold.

This is not a unitary community, in which the individuality of the
members is lost, but a co-operative corporation, owning its lands as a
society, and abolishing at once the primary evils of land monopoly and
a false financial system. As stated by Mr. E. Howland, "the community
is responsible for the health, usefulness, individuality, and security
of each member, and at the same time each will feel secure in his
social and individual rights in the existence of the collective
ownership and management for public utilities and conveniences,
instead of the disorganized chaos in which to-day we live."

A system of distribution will be adopted, doing away with the immense
cost of trade as at present conducted. The laborer will be protected
against misfortune by a system of insurance and a pension in old age.
Employment and opportunity will be provided for all, and education
provided for all children. It is upon this education that the
_ultimate_ success of the society must depend, for it is impossible to
organize a perfect society of those whose characters have been moulded
by the present antagonistic condition of society. All grand ideals
must look to the future for their realization. That such realization
may occur in the Sinaloa colony is indicated by the following
quotation from the exposition of the Credit Foncier by Mr. Howland.

"As we shall have to, at least during this generation depend upon the
colonization of persons who have been subject to the influences of
society as it is, we would only say, that the new truths concerning
moral education contained in 'The New Education' by Mr. J.