The authoress analyses cases of political capital transfer in a small-town environment between 1900 and 1952. The focus of her study are representatives of the middle class and elite, who held both the executive power and the economic power at Dolný Kubin. Of her special interest are historical turning points that caused the transfer of executive power and economic power to the innerly differentiated middle class. She examines reflections of these changes in the way of life and value orientation of their representatives and the town community. The analysis revealed that the Slovak representatives of the new middle class (from after-1918 and WWII generations) were more open to the offers from the Slovak Republic (1939 - 1945) and helped to endorse its practical policy. However, regarding the state, the representatives of the after-1918 generation were divided, while the representatives of the war generation were loyal to its ideology. On the other hand, that section of the old middle class represented by members of the Slovak families active before 1918 did not respond to the appeals of the regime and remained in opposition to it. The analysis of the material confirmed that current political systems may influence value orientation of the examined strata of population. Political capital, implying to a great degree the value orientation of an individual, contradicts the ideologies of totalitarian regimes. At this point usually the most striking dichotomy emerges between values cherished by an individual and those endorsed by the state . In case an individual accepts values declared by the ideological system, the continuity is considered as disrupted.