Therefore, if we give as an example the tacit agreement come to between railway companies, it is by no means as an ideal of economical management, nor even an ideal of technical organization. It is to show that if capitalists, without any other aim than that of augmenting their dividends at other people's expense, can exploit railways successfully without establishing an International Department, societies of working men will be able to do it just as well, and even better, without nominating a Ministry of European railways.
