COPYRIGHTED, 1897,

BY

THE ARENA COMPANY.

SKINNER, BARTLETT & CO., 7 Federal Court, Boston.

The Citadel of the Money Power:

PAGE

I. Wall Street, Past, Present, and Future....HENRY CLEWS 1

II. The True Inwardness of Wall Street,

The Reform Club's Feast of Unreason..Hon. CHARLES A. TOWNE 24

Does Credit Act on Prices?

A. J. UTLEY 37

Points in the American and French Constitutions Compared,

Honest Money; or, A True Standard of Value: A Symposium.

WILLIAM JENNINGS BRYAN..

I.

II. M. W. HOWARD...

57

58

The New Civil Code of Japan...TOKICHI MASAO, M. L., D. C. L.

John Ruskin: A Type of Twentieth-Century Manhood,

64

B. O. FLOWER

The Single Tax in Operation.......

..Hon. HUGH H. LUSK

Natural Selection, Social Selection, and Heredity,

Prof. JOHN R. COMMONS

Psychic or Supermundane Forces.........CORA L. V. RICHMOND

The American Institute of Civics.. HENRY RANDALL WAITE, Ph. D.

An Industrial Fable...

.HAMILTON S. WICKS

The Editor's Evening: Leaf from My Samoan Notebook (A. D.

2297); Vita Longa; Kaboto (a Sonnet)

A Stroke for the People: A Farmer's Letter to THE ARENA..................

Evolution: What It Is and What It Is Not,

How to Increase National Wealth by the Employment of Paralyzed

Industry...

.....

B. O. FLOWER 200

Open Letter to Eastern Capitalists

..CHARLES C. MILLARD 211

The Telegraph Monopoly: Part XIII....... Prof. FRANK PARSONS 218

The Provisional Government of the Cubans....THOMAS W. STEEP 226

A Noted American Preacher

The Civic Outlook.......

.DUNCAN MACDERMID 232

HENRY RANDALL WAITE, Ph. D. 245

"The Tempest" the Sequel to "Hamlet "..EMILY DICKEY BEERY 254

The Editor's Evening: Our Totem; Vive La France! Le Siècle

(a Sonnet)

278

The Concentration of Wealth: Its Causes and Results: Part I,

HERMAN E. TAUBENECK 289

ELTWEED POMEROY

318

The Future of the Democratic Party: A Reply. DAVID OVERMYER 302

The Multiple Standard for Money .

Anticipating the Unearned Increment

Studies in Ultimate Society:

A. W. HART 339

..LAURENCE GRONLUND 351

......

I. A New Interpretation of Life..

II. Individualism vs. Altruism

General Weyler's Campaign

The Author of "The Messiah "

Open Letter to President Andrews..

Plaza of the Poets:

The Onmarch....

The Toil of Empire..

The Day Love Came.

The Question

Triolet..

The Cry of the Poor..

....

419

The Editor's Evening: A Knotty Problem; A Case of Prevision;

Concerning Eternity; A. L. (a Sonnet)

The New Ostracism

The Concentration of Wealth: Its Causes and Results: Part II,

. Hon. CHARLES A. TOWNE 433

HERMAN E. TAUBENECK 452

The Rights of the Public over Quasi-Public Services,

Hon. WALTER CLARK 470

Prosperity: the Sham and the Reality.....JOHN CLARK RIDPATH 486

Jefferson and His Political Philosophy ...MARY PLATT PARMELEE 505

The Latest Social Vision...
.B. O. FLOWER 517

Richard Realfe.

The Dreamer

MARION L. DAWSON, B. L. 544

. CHARLES B. NEWCOMB 557

IRONQUILL 562

JUNIUS L. HEMPSTEAD 563

...CLINTON SCOLLARD 564

.REUBIE CARPENTER 565

HELENA M. RICHARDSON 565

The Editor's Evening: The Greatest Lyric; "Thrift, Thrift, Ho-

ratio;" The Pessimist; The Physician's Last Call (a Sonnet), 566

Freedom and Its Opportunities: Part I.... Hon. JOHN R. ROGERS 577

"The Case Against Bimetallism”. ..Judge GEORGE H. SMITH 590

The Initiative and the Referendum..
..ELIHU F. BARKER 613

PAGE

The Telegraph Monopoly: Part XIV...... Prof. FRANK PARSONS 628

The Laborer's View of the Labor Question:

The Demand for Sensational Journals. JOHN HENDERSON GARNSEY 681

The Editor's Evening: Tantalus and His Opportunities; The Man

in Bronze; Franklin (a Sonnet)

Idylls and Ideals of Christmas:

711

I. What I Want for Christmas.......ROBERT G. INGERSOLL 721

II. Christmas, the Human Holiday,

JAMES WHITCOMB RILEY

....JOHN CLARK RIDPATH

726

727

III. Santa Claus: A Poem...

IV. The Aryan at Christmas..

A Séance With Eusapia Paladino: Psychic Forces,

Shall the United States be Europeanized?..JOHN CLARK RIDPATH 827

Hawaiian Annexation from a Japanese Point of View,

The Editor's Evening: Sir Thomas Kho on Education; Journey