To the respective rights and duties of labor and capital our best thinkers must turn their attention before an equitable solution can be reached. That such a solution must be reached cannot be doubted, for the interests at stake are fundamental. Whilst individualism in thought and in conduct asserts itself at every turn, never were the principles of organization so actively carried out among all classes of society. To the strain caused by the forming of trades unions and of united labor leagues for the protection of the wage-earner is now succeeding the danger produced by the concentration of capital in the hands of powerful corporations and the creation of mighty trusts, the undue extension of which in this country seems to threaten the prosperity of the nation and to add to its political corruption. As against these monopolies, public ownership and operation of common utilities is being successfully tried, notably in England and the British Colonies, and the honest municipalization of all community service, carried on as the post-office is carried on among us, results in positive benefit to the people, that is, in good wages and reduced taxes. To discuss these important problems would encroach upon the domain of political economy and social science; but there is no doubt that the public morality is closely dependent upon their solution. Whether so-called civilized nations, whilst regarding murder as a capital offense and punishing dueling when indulged in by individuals, will long continue to train their best men at enormous expense, in order that in cold blood they may scientifically destroy the greatest possible number of other trained and equally good men; whether peaceful communities of practical tradesmen will some day cease to emulate barbarians in their rejoicings over the slaughter of so-called enemies whom they are individually prepared to befriend and whose prowess they are ready to extol, are glaring contradictions offered by the problem of war which must be left to future generations to reconcile. The leading part which the Anglo-Saxon race has taken in urging arbitration as a proper means of settling international differences places it in the foremost rank of civilization; whilst the Peace Conference proposed by one of Europe’s most powerful potentates, the Czar of Russia, must bring a ray of hope to the hearts of those who labor for the advent of universal peace.