Chapter III) "_a_ Jewish movement, _but not a movement

of the Jewish race_:" importance of this distinction--unfortunately the two different terms "Jewish race" and "a Jewish movement" are confused in the popular mind.

The Revolution not the result of an accident or of a universal plot--element of racial revenge--the Jew not a revolutionary--special character of the Russian situation--Industrial Capitalism, the great evil of our time, there recent and weak--therefore open to special attack--an international evil--the only two international forces applicable were the Jews and the Catholic Church--why the Catholic Church cannot _directly_ attack industrial Capitalism--why the Jew who happens to be opposed to it can and does directly attack it--neither our instinct for property nor our Nationalism an obstacle in his case.

Grave perils to the Jew arise from his identification with Bolshevism--the more reason to meet these perils by a sane treatment of the Jewish problem.