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THE

BIBLIOTHECA SACRA

A Religious and Sociological Quarterly

CONDUCTED BY

Q. FREDERICK WRIGHT
Z. SWIFT HOLBROOK

ASSOCIATED WITH

EDWARDS A. PARK, FRANK H. FOSTER, JUDSON SMITH, D. W. SIMON, WM, M. BARBOUR, SAMUEL IVES CURTISS, CHARLES F. THWING, A. A. BERLE,

W. E. BARTON, E, H, JOHNSON, AND E. W. BEMIS.

PARTIAL LIST OF RECENT ARTICLES.

THE ORDER OF THE ASSASSINS. Rev. Pro- CHRISTIANITY AND THE EVOLUTION OF RATIONAL

fessor Harvey Porter, Ph.D., Beirut, Syria. LIFE: A Statement Made on the Solicitation SOCIAL ETHICS OF JESUS. Professor John S.

of the Late George J. Romanes. Rev. John Sewall, D.D., Bangor, Me.

T. Gulick, Ph.D., Osaka, Japan. RESTRICTED COMMUNION.

Rev. James W. The DIVINE ORIGIN OF THE RELIGION OF THE Willmarth, D.D., LL.D., Philadelphia.

BIBLE; Or, How a Layman thought out his

Evidences, Hon. James Monroe, LL.D., PRESIDENT HARPER'S LECTURES. Professor

Oberlin, O. Howard Osgood, Rochester, N. Y.

WHAT THE WORKING CLASSES OWE TO CHRISCALVINISM AND CONSTITUTIONAL LIBERTIES.

TIANITY. Rev. George F. Greene, A.M., Rev. Abraham Kuyper, D.D., Amsterdam,

Cranford, N.J. Holland. CAPITAL AND LABOR. Lucien C. Warner, M.D., Dr. George A. Gordon's RECONSTRUCTION OF

CHRISTIAN THEOLOGY. Albert H. Plumb, New York.

D.D., Boston, Mass. THE PASSING OF A GNOSTICISM. Rev. A. A. ORIGEN AND THE RETURN TO GREEK THEOLOGY. Berle, D.D., Boston, Mass.

Rev. James W. Falconer, Newport, Nova INJUNCTIONS AND STRikes. Hon. William H. Scotia. Upson, Akron, O.

GLADSTONE'S EDITION OF BISHOP BUTLER'S CORPORATIONS AND PUBLIC MORALS. Rev. Works. Professor Jacob Cooper, D.C.L.,

Washington Gladden, D.D., Columbus, O. New Brunswick, N. J. THE HYMNS OF MARTIN LUTHER. Professor THE RESTRICTION OF IMMIGRATION. Professor Edward Dickinson, Oberlin, O.

E. W. Bemis, Ph.D., Chicago. CLASSIFICATION OF SOCIAL PHENOMENA. Pro- THE ARCHÆOLOGY OF THE MODE OF BAPTISM.

fessor Arthur Fairbanks, Ph.D., New Professor B. B. Warfield, D.D., Princeton, Haven, Ct.

N.J. THE FOURTH GOSPEL AFTER A CENTURY OF THE GREAT PENTATEUCHAL DIFFICULTY MET.

CRITICISM. Rev. W. L. Ferguson, Rama Rev. Henry Hayman, D.D., Aldingham, patam, India.

Ulverston, England.

AMONG THE OTHER RECENT CONTRIBUTORS ARE:

Pres. J. B ANGELL, LL.D., Ann Arbor, Mich. PASTOR G. HACCIUS, Dorfmark, Germany. Pres. S. C. BARTLETT, D.D., Hanover, N. H. Rev. Cyrus HAMLIN, D.D., Lexington, Mass. Rev. A. J. F. BEHRENDS, D.D., Brooklyn, Prof. CHARLES H. HITCHCOCK, Dartmouth N. Y.

College, Prof. CHARLES A, BRIGGS, D.D., Union Theo- DR. H. von Holst, University of Chicago. logical Seminary

PROF. A. C. KENDRICK, D.D., University of Prof. Ç. R. BROWN, Newton Theological Rochester. Seminary.

PROF. Heman LINCOLN, D.D., Union TheologiRev. T. W. CHAMBERS, D.D., New York.

cal Seminary. PROF. JAMES D. DANA, LL.D., New Hayen, Prof. J. C. LONG, D.D., Chester, Pa. Ct.

PROF. D. G. LYON, Ph.D., Harvard College. DR. WILLIAM EVERETT, Quincy, Mass.

Pror. C. M, MEAD, Ph.D., Hartford, Ct. Ex-Pres. James H. FAIRCHILD, D.D., Ober- PROF. WILLIAM NORTH RICE, Middletown, Ct.

lin, O. Rev. E. B. FAIRFIELD, LL.D., Mansfield, O.

Prof. C. J. ROPES, Bangor Theological Semi

nary. Prof. George H. GILBERT, Ph.D., Chicago, Prof.Hugh M. Scott, Chicago Theological Ill.

Seminary. Prof. William HENRY GREEN, D.D., Prince- Pres. A. H. Strong, D.D., Rochester Theoton, N. J.

logical Seminary. SINGLE NUMBER, 75 CENTS.

YEARLY SUBSCRIPTION, $3.00. For Special Terms for 1897 to NEW SUBSCRIBERS, and Sample Pages address BIBLIOTHECA SACRA CO., Oberlin, Ohio, U. S. A.

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THE

YALE REVIEW

A QUARTERLY JOURNAL FOR THE SCIENTIFIC DISCUSSION

OF ECONOMIC, POLITICAL AND SOCIAL QUESTIONS.

Vol. VI. No. 3.

November, 1897

CONTENTS

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PAGE

COMMENT,

225 Henry George; Ethics of Arctic Exploration; The Strike of the English Engineers.

THE FUNCTION OF THE UNDERTAKER,

233

Sidney Sherwood

CLEARING HOUSE LOAN CERTIFICATES: HOW ISSUED
AND WHY,

C. E. Curtis

251

ENGLISH LEGISLATION IN 1897,

267

Edward Porritt

SOME OF THE CONTRIBUTIONS OF MILITANCY TO THE
INDUSTRIAL ARTS,

W. B. Bailey

290

NOTES,

306 An Impression of the Anthracite Coal Troubles; The Charities Chapter of the Greater New York Charter; Demand and The Ratio; State Expenditure in Connecticut; A State Tax on Rentals; The Consumer's League; Social Comptabilism; Is the Middle Class being Crushed Out ?

BOOK REVIEWS: Mathews' Social Teaching of Jesus; Nash’s Social Conscience ;

Abbott's Christianity and Social Problems; Grosvenor's Constantinople;
Schmöle's Socialdemokratische Gewerkschaften; Houston's Nullification in
South Carolina; Palgrave's Dictionary of Political Economy; Neefe's Jahrbuch
Deutscher Städte.

TUTTLE, MOREHOUSE & TAYLOR,

125 TEMPLE STREET, NEW HAVEN, CONN.

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Entered at the Post-Office, New Haven, Conn, as Second-Class Mail Matter.

THE YALE REVIEW

A QUARTERLY JOURNAL FOR THE SCIENTIFIC DISCUSSION OF

ECONOMIC, POLITICAL, AND SOCIAL QUESTIONS.

THE YALE REVIEW is owned by The Yale Publishing Company. It is edited by Professors HENRY W. FARNAM, ARTHUR T. HADLEY, W. F. BLACKMAN, E. G. BOURNE, John C. Schwab, and Irving FISHER.

Committed to no party and to no school, but only to the advancement of sound learning, it aims to present the results of the most scientific and scholarly investigations in political science, but contributors alone are responsible for the opinions expressed in the articles,

It is published by Messrs. TuttLE, MOREHOUSE & TAYLOR, 125 Temple Street, New Haven, Conn., to whom all business communications should be addressed and all subscriptions paid.

All communications relating to articles, book reviews, exchanges and editorial work in general should be addressed to

PROF. JOHN C. SCHWAB,

New Haven, Conn.

Copyright, 1897, by
The Yale Publishing Company, New Haven, Conn.

THE

YALE REVIEW.

NOVEMBER, 1897.

MON!_20

COMMENT. Henry George; Ethics of Arctic Exploration; The Strike of

the English Engineers.

ΤΗ

HE dramatic death of Henry George, in the very climax

of the New York municipal elections, is in some respects a most fitting close to the life of a man who moved his fellow-men profoundly, yet failed to accomplish much of the work which he had planned for himself and for them.

Progress and Poverty was a great book. No other American work on economic subjects has had so wide an audience; no scientific work on these subjects—for it is hardly necessary to say that books like those of Bellamy belong to a totally different class—has even momentarily approached it in popular interest. It is so long since most of us have read Progress and Poverty that it may be worth while to recall a little in detail the character of its contents. It consisted of the parts: 1. An attack on certain of the received doctrines of orthodox political economy, notably the wage-fund theory and the Malthusian theory. 2. A treatment of the subject of distribution, which George believed to be at once more coherent and more fruitful than that which had been given in previous books. 3. An indictment of private land tenure, which charged this system with nearly all the economic evils under which we now suffer, followed by the promise of an economic millennium if we had the resolution to tax private land values out of existence.

The first, or purely critical, part of the book was, on the whole, scientific and sound. Many of George's comments on

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