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Looking Backward From 2000 to 1887

Chapter 9
Dr. and Mrs. Leete were evidently not a little startled to learn, when they presently
appeared, that I had been all over the city alone that morning, and it was apparent that
they were agreeably surprised to see that I seemed so little agitated after the experience.
"Your stroll could scarcely have failed to be a very interesting one," said Mrs. Leete, as
we sat down to table soon after. "You must have seen a good many new things."
"I saw very little that was not new," I replied. "But I think what surprised me as much as
anything was not to find any stores on Washington Street, or any banks on State. What
have you done with the merchants and bankers? Hung them all, perhaps, as the anarchists
wanted to do in my day?"
"Not so bad as that," replied Dr. Leete. "We have simply dispensed with them. Their
functions are obsolete in the modern world."
"Who sells you things when you want to buy them?" I inquired.
"There is neither selling nor buying nowadays; the distribution of goods is effected in
another way. As to the bankers, having no money we have no use for those gentry."
"Miss Leete," said I, turning to Edith, "I am afraid that your father is making sport of me.
I don't blame him, for the temptation my innocence offers must be extraordinary. But,
really, there are limits to my credulity as to possible alterations in the social system."
"Father has no idea of jesting, I am sure," she replied, with a reassuring smile.
The conversation took another turn then, the point of ladies' fashions in the nineteenth
century being raised, if I remember rightly, by Mrs. Leete, and it was not till after
breakfast, when the doctor had invited me up to the house-top, which appeared to be a
favorite resort of his, that he recurred to the subject.
"You were surprised," he said, "at my saying that we got along without money or trade,
but a moment's reflection will show that trade existed and money was needed in your day
simply because the business of production was left in private hands, and that,
consequently, they are superfluous now."
"I do not at once see how that follows," I replied.
"It is very simple," said Dr. Leete. "When innumerable different and independent persons
produced the various things needful to life and comfort, endless exchanges between
individuals were requisite in order that they might supply themselves with what they
desired. These exchanges constituted trade, and money was essential as their medium.
But as soon as the nation became the sole producer of all sorts of commodities, there was