One such article of the first importance will appear in the number for September. This is a contribution on the "CONCENTRATION OF WEALTH," by Herman E. Taubeneck, well known as an expert in the political and economic questions of the times. The present article is the first of two on the same subject. Mr. Taubeneck patiently undertakes the theme on the foundation of fact, and reaches his conclusions by an able and irrefutable inductive argument. A second article of like interest is that on "MULTIPLE MONEY," by Eltweed Pomeroy, President of The Direct Legislation League of the United States. Mr. Pomeroy is known to THE ARENA readers as a strong and thoroughgoing publicist whose writings are as instructive in subject-matter as they are lucid in style. A third contribution in THE ARENA for September will be an article entitled "ANTICIPATING THE UNEARNED INCREMENT," by Hon. I. W. Hart, Official Reporter of the Third Judicial District of Idaho. Mr. Hart's contribution is a powerful exposé of the evils of land speculation in cities and towns, and the consequent extravagant prices of realty and of high rents. Our special contributor, sent by the courtesy of the Yarmouth Steamship Co. and the Dominion Atlantic and Intercolonial Railways to Nova Scotia and New Brunswick to investigate the Social and Industrial Conditions prevailing in those regions, is engaged in completing his article, and the same will appear in THE ARENA for September. Besides the abovenamed contributions, THE ARENA for September will contain "STUDIES IN ULTIMATE SOCIETY," by Lawrence Gronlund and K. T. Takahashi; a special article, "THE AUTHOR OF THE MESSIAH," by B. O. Flower; an article entitled "SUICIDE: IS IT WORTH WHILE?" by Charles B. Newcomb; "THE FIRST DEADLY SIN," by Marvin Dana; "MUSEUMS OF REPRODUCED ART," by Arthur Altschul; "THE CIVIC OUTLOOK," by Dr. Henry Randall Waite; Plaza of the Poets; Editor's Evening; Book Reviews, etc. Our readers will find THE ARENA for September, with its 144 well-filled pages, a feast of good things, participating in which they will be wiser and stronger for the battle that is toward in these lands. The Great Opportunity. The reduction of the subscription price of THE ARENA to two dollars and fifty cents a year brings to all the friends and relatives of THE ARENA family (their name being legion) a golden opportunity to add their names to the swelling list of our patrons. Let every champion of our cause send in his name and the names of his friends for the subscribers' list of THE ARENA. Begin with the number for July and thus secure the complete volume. Remember the great reduction! _$2.50 for_ THE ARENA _for one year_! Address all subscriptions and other business communications to JOHN D. MCINTYRE, Manager, Arena Company, Copley Sq., Boston. * * * * * [Transcriber's Notes: The transcriber made these changes to the text to correct obvious errors: