THE ARENA. EDITED BY JOHN CLARK RIDPATH, LL. D. VOL. XVIII JULY TO DECEMBER, 1897 PUBLISHED BY THE ARENA COMPANY BOSTON, MASS. 1897 COPYRIGHTED, 1897 BY THE ARENA COMPANY. SKINNER, BARTLETT & CO., 7 Federal Court, Boston. CONTENTS. PAGE The Citadel of the Money Power: I. Wall Street, Past, Present, and Future HENRY CLEWS 1 II. The True Inwardness of Wall Street JOHN CLARK RIDPATH 9 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, NIELS GRÖN 49 Honest Money; or, A True Standard of Value: A Symposium. I. WILLIAM JENNINGS BRYAN 57 II. M. W. HOWARD 58 III. WHARTON BARKER 59 IV. ARTHUR I. FONDA 60 V. Gen. A. J. WARNER 62 The New Civil Code of Japan TOKICHI MASAO, M. L., D. C. L. 64 John Ruskin: A Type of Twentieth-Century Manhood B. O. FLOWER 70 The Single Tax in Operation Hon. HUGH H. LUSK 79 Natural Selection, Social Selection, and Heredity, Prof. JOHN R. COMMONS 90 Psychic or Supermundane Forces CORA L. V. RICHMOND 98 The American Institute of Civics HENRY RANDALL WAITE, Ph. D. 108 An Industrial Fable HAMILTON S. WICKS 116 Plaza of the Poets: Reply to "Locksley Hall Sixty Years After," BARTON LOMAX PITTMAN 122 John Brown COATES KINNEY 125 Demos W. H. VENABLE, LL. D. 126 The Editor's Evening: Leaf from My Samoan Notebook (A. D. 2297); _Vita Longa_; Kaboto (a Sonnet) 128 A Stroke for the People: A Farmer's Letter to THE ARENA 134 Evolution: What It Is and What It Is Not Dr. DAVID STARR JORDAN 145 Has Wealth a Limitation? ROBERT N. REEVES 160 The Battle of the Money Metals: I. Bimetallism Simplified GEORGE H. LEPPER 168 II. Bimetallism Extinguished JOHN CLARK RIDPATH 180 The Segregation and Permanent Isolation of Criminals, NORMAN ROBINSON 192 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