Note 21 — Chapter VII

See Appendix for table showing cost of industrial insurance.

In Germany the state owns railways, canals, river transportation, harbors, telephones, telegraph, and parcels post. Banks, insurance, savings banks, and pawnshops are conducted by the state. Municipalities are landlords of vast estates, they are capitalists owning street cars, gas plants, electric light plants, theaters, markets, warehouses. They have hospitals for the sick, shelters for the homeless, soup-houses for the hungry, asylums for the weak and unfortunate, nurseries for the babies, homes for the aged, and cemeteries for the dead.