There was a time, not far distant, when men thought they had found in the United States of America the sovereignty of labor. It was the boast of its people that there were no American paupers. The working classes looked with something like contempt upon the condition of their fellow-laborers in Europe. Here was the land where every man’s independence rested in his own hands and his willingness to labor. No day should come when an honest day’s work would not earn, not bread alone, but a home—an American home. This was the time when the followers of Boone were disclosing to wondering eyes the virgin richness of the Ohio and Mississippi valleys; when, later, adventurous spirits led the way over the Rocky Mountains to a new western empire; when, close succeeding, California opened its Aladdin’s caves, not to the lash of kings or tyrants over toiling slaves, but to the picks and pans of free labor. Yes, here at last was found what the poets and philosophers of Greece and Rome had only dreamed of—the ideal commonwealth, a golden age. Thus had a free republic, established in the richest and grandest territory the sun shone on, conquered at last the problem of ages, and labor stood the peer of capital—nay, aspired to be its master. It was claimed not only that a particular form of government had achieved those economic results, but that it was capable of maintaining them indefinitely. Politics bade defiance to political economy. Is this state of things true of to-day? In part, yes, it may be answered. Looking at the comparative independence and comfort of the great masses of the working classes of this country, noting that intelligent zeal for personal liberty which pervades them, much reason for congratulation still remains. But the pressure of those social conditions affecting labor in other countries is beginning to be seriously felt. The reserve forces of capital are coming up. The “salad days” of the nation are over. It has grown to manhood, and, growing thus, has met the harsh experiences inseparable from national as from individual life. It begins to feel the burdens of maturity, and to be harassed by its anxieties. Labor has met war, its wild fever, its deadly collapse; labor has met debt, the second and costlier price of war, sucking out the life-blood after the wounds of battle have been stanched; and, lastly, labor has met capital, which, like one of those genii described in the Arabian tales, rises portentous to its full strength and stature out of the smoke of war and the shadow of debt. These two forces, labor and capital—which, to borrow an image from the ancient myths, Ἀνάγκη or _Necessitas_ seems to have linked together in iron bonds—mutually hostile yet inseparable co-laborers in the work of human progress, are preparing to try their strength in the New World as they have done in the Old. The first murmurs of that contest which it was deemed republican institutions could for ever avert are plainly heard. Daily observation shows that