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German Socialists are in practice moderate enough, but their theories

sometimes outrun their common-sense. At

their annual meeting, just terminated, after a string of resolutions which are mostly sensible enough and are conceded here through the municipalities and the Poor Law, they pro- ceeded to demand Imperial taxation on both income and capital, and special taxes on houses and land. The latter proposal, in view of the condition of the peasantry, indicates the old urban grudge against the country, while the tax on building is positively silly. The same men want cheaper housing. If private speculators are to provide it, what is the sense of taxing them P while if municipalities are to do the work, why tax the rates which are to provide the money P

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