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COPYRIGHT, 1896, BY

FAYETTE STRATTON GILES

All rights reserved

Press of J. J. Little & Co.
Astor Place, New York

20.36-30 TEN

5141980

PREFACE.

THE modern advances made in physical science have been enormous. Economic and sociological science has lagged. The social equilibrium has been destroyed.

The vital relations of our social organization are strained. The conflict between capital and labor is bitter.

The very principles of our government are but on trial.

Will they endure the strain?

The new phases of industrialism, under actual sociological conditions, tend to minimize the individual, and to throw an undue proportion of the increased wealth into the hands of the few at the expense of the many.

The percentage of hopeless, and often blameless, poverty is increasing.

Moral and physical degradation and crime follow.

The people are firmly demanding that their heritage of natural monopolies and natural

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