The Fabians, on the other hand, tended to the view that "we are all Socialists now." They held that the pronouncements of economic science must be either right or wrong, and in any case science was not a matter of party; they endeavoured to show that on their opponents' own principles they were logically compelled to be Socialists and must necessarily adopt Fabian solutions of social problems.
"Facts for Socialists" was the work of Sidney Webb. No other member possessed anything like his knowledge of economics and statistics. It is, as its title implies, simply a mass of quotations from standard works on Political Economy, strung together in order to prove that the bulk of the wealth annually produced goes to a small fraction of the community in return either for small services or for none at all, and that the poverty of the masses results, not as the individualists argue, from deficiencies of individual character, but, as John Stuart Mill had declared, from the excessive share of the national dividend that falls to the owners of land and capital.
After the settlement, by a compromise in structure, of the conflict between the anarchists and the collectivists, the Society entered a period of calm, and the Executive issued a circular complaining of the apathy of the members. Probably this is the first of the innumerable occasions on which it has been said that the Society had passed its prime. Moreover, the Executive Committee were blamed for "some habits" which had "a discouraging effect" on the rest of the Society, and it was resolved, for the first, but not the last time, to appoint a Committee to revise the Basis. The Committee consisted of the Executive and eight added members, amongst whom may be mentioned Walter Crane, the Rev. S.D. Headlam, and Graham Wallas. It is said that after many hours of discussion they arrived by compromise at an unanimous report, and that their draft was accepted by the Society without amendment. The report was presented to a meeting on June 3rd, 1887, of which I, on a visit to London, was chairman. It is unfortunate that the record of this meeting, at which the existing Basis of the Society was adopted, is the only one, in the whole history of the Society, which is incomplete. Possibly the colonial policy of the empire was disturbed, and the secretary occupied with exceptional official duties. Anyway the minutes were left unfinished in June, were continued in October, and were never completed or recorded as confirmed. The proceedings relating to the Basis were apparently never written. There is no doubt, however, that the Basis was adopted on this occasion, it is said, at an adjourned meeting, and in spite of many projects of revision it has with one addition--the phrase about "equal citizenship of women"--remained the Basis of the Society to the present time.[20]