_The Peace Forum_, during the four years of its existence, has steadily grown in circulation and usefulness and influence. It has become the medium through which many of the most distinguished writers and speakers have sought to reach the public. THE WORLD COURT will continue to be the medium of expression of such contributors of national and international reputation. In coöperation with them it will continue to advocate peace in all relations of private and public and international life, with the specific object in view of extending the principle of judicial settlement which now lies at the foundation of the civil authority of nations, until it becomes the foundation of all international relations, when nations will no more think of submitting their differences to a duel between armies and navies than individuals in civilized and well ordered countries would think of resorting to the arbitrament of the private duel. Not only will THE WORLD COURT advance the idea of judicial settlement in relation to world disputes, but will strive to establish the principle as the basis of national peace and prosperity. This is a work which should appeal to all business and professional men, indeed, to all toilers whether with hand or head. Laborers in all fields are entitled to the fruits of their toil. The humble worker with his hands is not to be dispossessed by the confiscatory programme, any more than is the farmer, the merchant, the manufacturer or the educated specialist. It is a trite saying that the interests of capital and labor are identical,—a truism no one dares formally to dispute; but there is no doubt that in the enactment of legislation and the execution of laws, representatives of these respective interests have acted as if they were antagonistic, and one has sought to get the better of the other. Judicial settlement can alone hold the scales of justice evenly balanced and thereby guarantee fair play. The toiler working with hand or brain is employing a capital given him by nature, and with industry and frugality under the operation of the rule of equal opportunity, he may accumulate the capital of money, goods, machinery, or land, which in effect gives him additional earning power. Thus, one class is constantly merging into the other, and each is equally interested in the integrity, and independence of the courts. Both are equally interested in the preservation of the rights of personal property and in opposing legislative and executive invasion of their rights. Both are equally opposed to bureaucracy in the government and interference with private management. The laborer does not want to be compelled to labor for a wage arbitrarily fixed by a government bureau, nor should a railroad or other industry be compelled to submit to harrassing and paralyzing control. Experience has demonstrated that railroads, telephones, telegraphs and other utilities are more efficiently conducted under private than under public ownership, as are