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oes off to take charge of the new one. Another and greater example: Y and Son are large coal-traders, with mines and factories of their own. How is so huge and complex a property to be liquidated? The mines and everything connected with them might, in the first place, be bought up by the State, in which they are situated. In the second place, the Jewish Company might take them over, paying for them partly in land, partly in cash. A third method might be the conversion of "Y and Son" into a limited company. A fourth method might be the continued working of the business under the original proprietors, who would return at intervals to inspect their property, as foreigners, and as such, under the protection of law in every civilized State. All these suggestions are carried out daily. A fifth and excellent method, and one which might be particularly profitable, I shall merely indicate, because the existing examples of its working are at present few, however ready the modern consciousness may be to adopt them. Y and Son might sell their enterprise to the collective body of their employees, who would form a cooperative society, with limited liability, and might perhaps pay the requisite sum with the help of the State Treasury, which does not charge high interest. The employees would then gradually pay off the loan, which either the Government or the Jewish Company, or even Y and Son, would have advanced to them. The Jewish Company will be prepared to conduct the transfer of the smallest affairs equally with the largest. And whilst the Jews quietly emigrate and establish their new homes, the Company acts as the great controlling body, which organizes the departure, takes charge of deserted possessions, guarantees the proper conduct of the movement with its own visible and tangible property, and provides permanent security for those who have already settled. SECURITIES OF THE COMPANY What assurance will the Company offer that the abandonment of countries will not cause their impoverishment and produce economic crises? I have already mentioned that honest Anti-Semites, whilst preserving their independence, will combine with our officials in controlling the transfer of our estates. But the State revenues might suffer by the loss of a body of taxpayers, who, though little appreciated as citizens, are highly valued in finance. The State should, therefore, receive compensation for this loss. This we offer indirectl
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