embark in a business undertaking which it is presumed will increase his fortune. His mill fails, however, and he is involved in difficulties from which he is unable to extricate himself. Anton, the intimate friend of the family, is therefore persuaded by the Baroness to undertake the management of matters, and after vainly endeavoring to induce his principal to interest himself in the affair, sacrifices his position to accompany the family to their dilapidated estate in a distant province. The Baron will tolerate no interference, however, and Anton finally returns to the house of Schroeter and is reinstated in the business. Lenore, the Baron's daughter, the first cause of Anton's interest, meantime becomes engaged to the young nobleman Fink; who has been an associate of Anton's in the office of T. O. Schroeter, has but recently returned from the United States, and who first advances funds for the improvement of the estate and ultimately purchases it. Fink acts his part in the author's philosophy as a contrast to the Baron von Rothsattel. Although a nobleman, he has adapted himself to the conditions of the century, and is free from any hallucinations of his hereditary rank, even while he is perfectly awake to its traditions. He has entered upon a commercial career not from choice, but from necessity; but he has accepted his fate and has made successful use of his opportunities. Anton marries the sister of T. O. Schroeter, and becomes a partner in the business. Fink is however really the one who gains the princess in this modern tale, and is plainly to have the more important share as an actual social force in the future. The old feudal nobility has played its part on the stage of the world; and being so picturesque, and full of romantic opportunity, its loss is doubtless to be regretted. The tamer realities of the modern industrial state have succeeded it. As Freytag solves the problem in 'Soll und Haben,' it is the man who works, the man of the industrial classes alone, to whom the victory belongs in the modern social struggle, be his antecedents bourgeois or aristocratic.