KEIJIRO NAKAMURA 834 A Political Deal: A Story ELIZA FRANCES ANDREWS 840 Plaza of the Poets: Glad Tidings MARION MILLS MILLER 849 The Yule Log CLINTON SCOLLARD 852 How to Get an Article in a Magazine THE EDITOR 853 The Editor's Evening: Sir Thomas Kho on Education; Journey and Sleep (a Sonnet) 855 BOOK REVIEWS. The Emperor 137 President Jordan's Saga of the Seal 284 Some Prehistoric History 426 A Bard of the Ohio 572 Critic, Bard, and Moralist 717 Guthrie's "Modern Poet Prophets" 860 ILLUSTRATIONS. Opposite Page HON. CHARLES A. TOWNE 1 DR. DAVID STARR JORDAN 145 MULTIPLE-STANDARD TREASURY NOTE OF MASSACHUSETTS BAY 289 DR. E. BENJAMIN ANDREWS 433 GOVERNOR JOHN R. ROGERS 577 CAMILLE FLAMMARION 721 PSYCHIC SÉANCE WITH EUSAPIA PALADINO 737 THE ARENA. Vol. XVIII. JULY, 1897. No. 92. THE CITADEL OF THE MONEY POWER. I. WALL STREET, PAST, PRESENT, AND FUTURE. BY HENRY CLEWS. I. The twenty-seven respectable citizens of New York who, in 1792, met under a buttonwood tree in front of the premises now known as Number 60 Wall Street, and formed an association for the purchase and sale of public stocks at a fixed and unvarying commission, with a proviso of mutual help and preference, committed themselves to an enterprise of whose moment and influence in the future they could have formed no adequate conception. At that date Wall Street was a banking district, small indeed when compared with its present condition, but important in its relations to the commerce of the nation. This transaction of the twenty-seven--among whom we find the honored names of Barclay, Bleecker, Winthrop, Lawrence, which in themselves and their descendants were, and are, creditably identified with the growth of the community--added the prestige and power of the stock exchange to those of the banks, and fixed for an indefinitely long period the destinies of the financial centre of the Union.