ty. So the idea arose of welding the enterprise itself into a
separate entity which could do all the things the individual might, and
yet exist apart from the individual and independent of his personal
dealings and comings and goings. His ownership should be an undivided
interest in the whole represented by certificates of stock or bonds,
which could pass from him to another without interfering with the
enterprise. This was invention No. 6: _The Corporation_. The law then
provided regulations for the creation and conduct of these corporations
which compelled them to keep their affairs in such shape that all could
ascertain of what each consisted.

When these six organizations had been founded, the machinery for the
conduct of the business of a civilized people was almost complete. But
still one other want developed: with the multiplication of the
corporation tokens of property, it became necessary that there should be
some place where the worth of these might be ascertained either by
purchase, sale, or loan under the regulation of experts. So there was
created a common market-place, to which came all those who had
corporation tokens of property to sell and those who desired to purchase
them; and the prices these brought were announced to the world and
became the measure of the value of the institution they represented.
Rules for the regulation of the business of the market-place were
gradually formulated, and invention No. 7--the _Stock Exchange_--came
into existence.

With this addition, the people's organism for safeguarding and
economically handling the funds of their labor to the best advantage of
all concerned and without interfering with the rights and privileges of
individuals was fully equipped. Each separate institution had grown out
of an actual necessity and had its own legal organic function, fully
understood and defined. And there was no branch of human industry which
could not be safeguarded, handled, and perpetuated through this
organism, nor could evil come from the existence of any one of these
seven components. The robber, the thief, and the pirate, as defences
against whom they had been erected, could not seize any of them or the
people's savings which they were created to safeguard, because the
constitution of each provided adequate penalties for such a seizure. As
long as the members of the organism performed their ordained functions
the fabric of the people's fortunes was safe from plunder.