From The Crow's Nest

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His own part in the development of this time he now knew clearly enough. Through the successive phases in the development of this mechanical civilisation, aiding and presently directing its development, there had grown a new power, the Council, the board of his trustees. At first it had been a mere chance union of the millions of Isbister and Warming, a mere property holding company, the creation of two childless testators' whims, but the collective talent of its first constitution had speedily guided it to a vast influence, until by title deed, loan and share, under a hundred disguises and pseudonyms it had ramified through the fabric of the American and English States.

Wielding an enormous influence and patronage, the Council had early assumed a political aspect; and in its development it had continually used its wealth to tip the beam of political decisions and its political advantages to grasp yet more and more wealth. At last the party organisations of two hemispheres were in its hands; it became an inner council of political control. Its last struggle was with the tacit alliance of the great Jewish families. But these families were linked only by a feeble sentiment, at any time inheritance might fling a huge fragment of their resources to a minor, a woman or a fool, marriages and legacies alienated hundreds of thousands at one blow. The Council had no such breach in its continuity. Steadily, steadfastly it grew.

The original Council was not simply twelve men of exceptional ability; they fused, it was a council of genius. It struck boldly for riches, for political influence, and the two subserved each other. With amazing foresight it spent great sums of money on the art of flying, holding that invention back against an hour foreseen. It used the patent laws, and a thousand half-legal expedients, to hamper all investigators who refused to work with it. In the old days it never missed a capable man. It paid his price. Its policy in those days was vigorous--unerring, and against it as it grew steadily and incessantly was only the chaotic selfish rule of the casually rich. In a hundred years Graham had become almost exclusive owner of Africa, of South America, of France, of London, of England and all its influence--for all practical purposes, that is--a power in North America--then the dominant power in America. The Council bought and organised China, drilled Asia, crippled the Old World empires, undermined them financially, fought and defeated them.

And this spreading usurpation of the world was so dexterously performed--a proteus--hundreds of banks, companies, syndicates, masked the Council's operations--that it was already far advanced before common men suspected the tyranny that had come. The Council never hesitated, never faltered. Means of communication, land, buildings, governments, municipalities, the territorial companies of the tropics, every human enterprise, it gathered greedily. And it drilled and marshalled its men, its railway police, its roadway police, its house guards, and drain and cable guards, its hosts of land-workers. Their unions it did not fight, but it undermined and betrayed and bought them. It bought the world at last. And, finally, its culminating stroke was the introduction of flying.

When the Council, in conflict with the workers in some of its huge monopolies, did something flagrantly illegal and that without even the ordinary civility of bribery, the old Law, alarmed for the profits of its complaisance, looked about it for weapons. But there were no more armies, no fighting navies; the age of Peace had' come. The only possible war ships were the great steam vessels of the Council's Navigation Trust. The police forces they controlled; the police of the railways, of the ships, of their agricultural estates, their time-keepers and order-keepers, outnumbered the neglected little forces of the old country and municipal organisations ten to one. And they produced flying machines. There were men alive still who could remember the last great debate in the London House of Commons--the legal party, the party against the Council was in a minority, but it made a desperate fight--and how the members came crowding out upon the terrace to see these great unfamiliar winged shapes circling quietly overhead. The Council had soared to its power. The last sham of a democracy that had permitted unlimited irresponsible property was at an end.