An obvious result of a synchronised universe would be the federation of mankind, Peace on Earth, and all those other beatitudes at present vainly sought by World Fairs, and pig-sticking prophets.
Till we have hands to the Moon I shall not look for the Millennium.
Suddenly the Moon went behind a cloud, as if to demonstrate that even then there would be difficulties. Besides, I remembered it had its quarter-days. Here my thoughts made a transition to money matters, and, after the manner of Richard Carstone in "Bleak House," I fell to reckoning up the sums I had saved of late. It is a calculation I make almost every week nowadays. I have lost nothing by any of the Jerry-Building Societies, nothing by any of the great Bank Failures. By not having any money one saves thousands a year in these unsettled times. Mr. Hamerton cites with amusement the remark of a wealthy Englishman, who could not understand "why men are so imprudent as to allow themselves to sink into money embarrassments." "There is a simple rule that I follow myself," said he, "and that I have always found a great safeguard: it is, _never to let one's balance at the banker's fall below five thousand pounds_." The rich Englishman's rule was quite wrong: the only safeguard is to have no balance at all. High and dry on the Lucretian tower of poverty, you may watch with complacency the struggles of the sinking funds. What a burden capital must be to those anxious to find safe investments at high rates of interest! It looks as if interest will sink to freezing point, and capital will have to flow to other planets if that comical claim for "wages of abstinence" is to be met any longer. Perhaps it will flow to Mars, the home in exile of the old political economy. Already a beginning has been made by investments in mines which are not upon this earth.
Every day makes clearer the evils of our complex credit system--that Frankenstein creation we have lost control over, that ampulaceous growth of capital, most of which is merely figures in a book, and which only exists in virtue of not being asked for, much as the tit-bits on a restaurant menu are "off" when ordered. The real meaning of National Debts is that every civilised country is bankrupt, and only goes on trading because its creditors give it time. To the uncertainties of the weather, and the chances of cholera, war, and earthquake, we have added an artificial uncertainty worse than any of these--we have invented a series of financial cyclones, which sweep round the globe, devastating all lands, and no more to be predicted--despite theories of sun-spots, cyclones and financial crises--than wrecks at sea; indeed, far less predictable, for I believe with the ex-mayor quoted by Bonamy Price, that finance is a subject which no man can understand in this world, or even in the next. The infinite ramifications, the endless actions and reactions, are beyond the grasp of any one but an impostor. The Professor just mentioned thought he had found the right thread of theory in the labyrinth of "Currency and Banking," and really did make a most sensible analysis of what actually went on in financial operations. Only he left out one great factor--the immense influence on the market of other people's wrong theories. No, if there is a right thread of theory, it must be so tangled as to be worse than useless. My friend the business man tells me that for success in business one requires four things: a large capital, industry, insight, and caution--and then it's a toss-up. I am fain to believe this whole system of modern commerce was devised to please the amateurs of the aleatory.