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remarkable paper in full and putting it before a survey of facts, legends and beliefs pertainthe people in a convenient form, bound in ing to manual ceremonies, covenants and heavy paper and carrying a frontispiece of symbols. The work contains sixteen chapCount Tolstoi. (The Public Publishing Com- ters in which the author considers historically pany, Chicago, Ill. Price, 10 cents.)

the hand as “The Executant of the Brain,”

“A Symbol of Life,” “A Symbol of Authority,” Sabbath Laws in the United States. The “An Indicator of Fortune," "Trial by the National Reform Association, Pittsburgh, Hand," "The Hand in Lustration,” “Laying Pennsylvania, has recently published a com- on Hands," "Lifting the Hand," "Taking an pilation of the Sabbath laws in the various Oath,” “The Social Hand,” “The Healing states of the Union, compiled by the Rev. R. Hand,” “The Hand of Evil,” and other kinC. Wylie. This work is one of the propaganda dred topics. (Pages, 238. Price, $1.50. The publications of the National Reform Associa- Irving Company, Oxford, N. Y.) tion, a body of religionists who doubtless with good intention are nevertheless, we think, in A VERY valuable little vest-pocket volume many instances doing much more evil than has just been issued, compiled by Thomas good by their narrow views of religious ques. H. Russell, Editor-in-Chief of Webster's Imtions-views which are in our judgment far perial Dictionary, and entitled Faulty Diction; more in harmony with the old Mosaic idea of or, Errors in the Use of the English Language the Sabbath than with that of the founder of and How to Correct Them. It is a thoroughly Christianity.

practical book which should be possessed by

everyone. (Pages, 150. Bound in embossed The Hand is the title of a new cloth-bound Russia leather. Price, 50 cents. George W. volume by Lewis D. Burdick, which contains Ogilvie & Company, Chicago, Ill.)

NOTES AND COMMENTS.

AIN CURRENTS OF THOUGHT IN ple, who may thus be materially helped by the

? dom is it the fortune of readers of periodical literature to find so much important information of general interest luminously presented in the confines

Mr. Phillips on the Menace of Plutocracy: No of a magazine essay as are found in the distinctly single feature of The ARENA, excepting "The Mir

ror of the Present," seems to be more popular with noteworthy paper by Professor ROBERT T. KERLIN, A.M., which appears in this issue of THE ARENA.

our readers than our conversations with leading Professor KERLIN is one of the most brilliant edu

Last month EDWIN representative thinkers.

MARKHAM voiced the demand of present-day decators in the Methodist Church of the South, a student of religion, science and philosophy, and a

mocracy. This month the brilliant and popular

novelist, essayist and journalist, David GRAHAM professor of literature. He has in his paper marshalled in a striking manner facts of special im

PHILLIPS, discusses “The Menace of Plutocracy”

in his clear, incisive manner. In response to an portance and significance to all students of the mental and moral movements of the past hundred years.

oft-expressed wish on the part of our subscribers, In the next number of THE ARENA we shall present and pen-picture of the subject giving the conversa

we preface these conversations with a brief sketch the second and concluding division of this noble

tion. essay. It treats more specifically of the thought of the master-builders in the moral and mental world of Anglo-Saxon life and is if possible more interest- Economy: Under this title Mr. STUYVESANT ing than the present paper. This discussion will Fish contributes to this number of The Arena an be one of the most helpful and informing magazine article that will attract wide interest because of Mr. contributions of the year and we suggest that all our Fish's high reputation for rugged honesty and bereaders loan THE ARENA to at least two young peo

cause of the fact that he is a millionaire railroad

em

president and a vice-president of the National Park to right the wrong by a simple, effective, constituBank of New York. It affords another striking tional, peaceful and rational method. Such a illustration of the fact that even among those of our method is offered by Majority-Rule or Direct-Leggreat financiers who are under the compulsion of islation. moral idealism and the old concepts of justice and democracy, there is apparent on every hand a growing realization of the imminent peril to the people this issue we publish the concluding part of Presi

President Miller on the Economics of Moses: In and to free government from the uncurbed rapacity dent MILLER's deeply thoughtful paper on "The of privileged wealth under the guidance of arrogant,

Economics of Moses. This contribution will be insolent, determined and essentially_lawless masterminds. Like Mr. GEORGE FOSTER PEABODY, whose followed by a very strong and interesting considera

tion from President MILLER's pen on “The Ecorecent outspoken utterances appear in "The Mirror

nomics of Jesus." It is difficult to understand how of the Present" in this issue of THE ARENA, Mr. Fish realizes the necessity for action. The reme

people who regard the Bible as inspired or a divine dies, in so far as our author offers any, are not as

revelation can be so indifferent as many churchmen fundamental in character as, in our opinion is nec

are to the great fundamental economic truths em

phasized by the master law-giver of the children of essary to meet present conditions or as practical at

Israel and by the Great Nazarene. the present stage in the advance of corporate power. Yet the frank recognition of dangers and the earnest determination evinced to find remedies for ad

The Heart of the Race Problem: Mr. ARCHIBALD mitted wrongs make this paper by Mr. Fish a sig- GRIMKE's second paper on “The Heart of the Race nificant contribution, apart from its own excellence.

Problem” appears in this issue. There is one more

instalment from the pen of this distinguished colored The Blight of the Trusts: Every American citizen scholar, the whole making one of the strongest con

tributions to the literature of this much-discussed ought to read the exceptionally strong and clear presentation of the trust evil as illustrated in the question that has appeared from the view-point of

the colored man. typical case of the Smelter-Trust, given by the Hon. J. WARNER Mills in this issue of THE ARENA. Here in a concrete manner the trust evils are clearly

Our Story: We are pleased to present this month marshalled. This paper ought to be used with telling effect in every community. We suggest that

another charming story of Western life from the every subscriber induce ten friends to peruse it. It pen of WILMATTE PORTER COCKERELL, the talented is by the circulation of such literature and the rea

author of “The Spirit of the West” and “On the soning together with your friends that you can be Battle-Line.” Mrs. COCKERELL is doing some ex

cellent work. Her tales are full of human interest come a positive factor in furthering better social, political and economic conditions. All friends of

and are ethically sound. peaceful progress should aid in such educational work.

Human Liberty or Human Greed? Mr. BAKER

in this issue opens his series of regular contributions The March of Direct-Legislation: Our readers on timely topics which will be a feature of The will be deeply interested in the brief statement of the ARENA during the ensuing year. This month he progress of Direct-Legislation given in this issue by discusses human liberty versus human greed in his President POMEROY of the National Direct-Legisla- direct, trenchant and suggestive style. Our readers tion League. This movement more than other will remember that it was Congressman BAKER who present-day effort will preserve to the people the a few years ago directed the attention of the public blessings of democratic government and cause a to the railroad-pass bribery, by refusing a free pass. halt in the efforts of plutocracy to firmly establish, At that time he was ridiculed by the great newsunder the term imperial republic, a government of papers that are beholden to corporate interests. privileged interests through political bosses and However, since Secretary BONAPARTE and some money-controlled machines, by which the people other prominent statesmen have followed Mr. shall continue to be the victims and the bond-slaves BAKER's example, several of these same journals of monopolies and corporations resting on privilege have discovered that the taking of passes is a form or class laws. There is a steady and increasing of bribery and highly immoral. opposition to Majority-Rule being exerted by privileged interests and their minions on every hand; but the more the people are coming to understand The Coming Exodus: This paper by ARTHUR the secret of their enslavement and their inability S. PHELPS is unavoidably omitted in this number to secure relief from government for admitted evils for lack of space. It will appear in our next issue and oppressions from the great law-defying com- and will, we think, be read with more than ordinary mercial organizations, the more they are determined interest by our subscribers.

any

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• We do not take possession of our ideas, but are possessed by them,

They master us and force us into the arena,
Where, like gladiators, we must fight for them."-HEINE.

The Arena

Vol. 35

APRIL, 1906

No. 197

TRAFFICKING IN TRUSTS; OR, PHILANTHROPY FROM

THE INSURANCE VIEW-POINT.

A NEW PHASE.

BY HARRY A. BULLOCK.

IT (T IS not surprising that such enlight- American life, whether political or finan

ened philanthropists as Henry H. cial or religious seems, indeed, to be that Rogers, George F. Baker, Edward H. wherever a great situation is developed, Harriman and Thomas F. Ryan should a great mind is at hand to grapple with have entered the mission field of life in- it. And it has not infrequently happened surance hard upon the departing foot- that there has been an embarrassment of steps of the Messrs. McCurdy, John A. riches in this respect, as was evidenced McCall, James W. Alexander and James last Spring when the doctrinal differences Hazen Hyde. For despite the great work in the Equitable Life Assurance Society accomplished by that devoted band be- brought that institution to a point where fore a sensational press, an unapprecia- it seemed plainly impossible to reëstabtive public, and Hughes the Persecutor lish the degree of self-sacrificing and drove them untimely from their labors, harmonious coöperation necessary in much remains yet to be done ere the be- order that it continue its Heaven-ordained neficent gospel of the deferred dividend work. In vain had the elders in council shall be brought to its fullest fruition. debated among themselves how they There is, therefore, cause for genuine should persuade the original disputants public rejoicing that the ripening harvest to have done with bickerings over mutualwill not be left for wild birds to devour ization and to behold again with a single or for frosts to spoil because no reapers eye the vision of an ever-increasing surare at hand to gather it into the store- plus, swelled by the contributions of house. The coming of the newly-found 600,000 policy-holders, but belonging philanthropists finds its clear explanation to no one. in a high conception of public duty, and Of no avail was the argument that it all fair-minded persons, one may be sure, mattered little how the elders were chosen, will give to them the measure of credit or by whom, so long as the Insurance that they so richly deserve.

Law held that no individual contributor, One of the encouraging facts about nor all of them, could obtain an account

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