to each other and the discussion of the real location of the lines on the map especially deserve the attention of the student. His comment on the historical significance of the Papal Demarcation Line is rational and a wholesome criticism of the easy and unhistorical verdicts that have been so common. In view of the discussion which is sure to arise over the place and influence of the missionaries in China, a clear and orderly account of modern Foreign Missions, their history, work, and administration is to be welcomed. Dr. Stephen L. Baldwin has met this want in his "Foreign Missions of the Protestant Churches" (New York: Eaton & Mains). BOOKS Received. ANITCHKOW, MICHAEL. War and Labour. New York, Longmans, Green & Co. 1900. Annuaire Statistique de la Belgique, trentième année-1899. Bruxelles, J.-B. Stevens. 1900. BRAINERD, EVELINE WARNER. (Editor.) Quaint Nuggets. New York, Fords, Howard & Hulbert. 1900. Bulletin of the Department of Labor. No. 28. May, 1900. Washington, The Government Printing Office. CLARK, JOHN Bates. The Distribution of Wealth. New York, The Macmillan Co. 1899. COE, GEORge A. The Spiritual Life. New York, Eaton & Mains. 1900. COMMONS, JOHN R. Representative Democracy. New York, Bureau of Economic Research. 1900. Corporations and Public Welfare. Supplement to the Annals of the Am. Acad. of Pol. & Soc. Sci. May, 1900. Philadelphia.-Published for the Society by McClure, Phillips & Co., New York. DUBOIS, PATTERSON. The Point of Contact in Teaching. 4th ed. revised and enlarged. New York, Dodd, Mead & Co. 1900. EATON, J. SHIRLEY. Railroad Operations and how to know them. New York, The Railroad Gazette. 1900. Fowler, Right HON. SIR H. H. Municipal Finance and Municipal Enterprise. London, P. S. King & Son. 1900. GLASSON, WILLIAM HENRY. History of Military Pension Legislation in the United States. Columbia University Studies in Hist., Econ., and Pub. Law, vol. xiii, no. 3. New York, Columbia University Press. 1900. The Macmillan Co. Agents. GOODNOW, FRANK J. Politics and Administration. New York, The Macmillan Co. 1900. GRAHAM, WILLIAM. English Political Philosophy from Hobbes to Maine. New York, Henry Holt & Co. 1900. GREEF, GUILLAUME DE. Problèmes de Philosophie Positive. Bibliothèque Internationale des Sciences Sociologiques. Paris, Schleicher Frères Editeurs. 1900. HACHET-SOUPLET, PIERRE. Examen Psychologique des Animaux. Paris, Schleicher Frères Editeurs. 1900. Houses for the Working Classes, How to Provide them in Town and Country. London, P. S. King & Son. 1900. HURST, JOHN FLETCHER. History of the Christian Church, vol. ii. Library of Biblical and Theological Literature, vol. viii. New York, Eaton & Mains. 1900. JAMES, JAMES ALTON. Constitution and Admission of Iowa into the Union. Johns Hopkins University Studies in Hist. and Pol. Sci. Series xviii, no. 7. Baltimore, The Johns Hopkins Press. 1900. JONES, EDWARD D. Economic Crises. The Citizen's Library of Econ., Pol., and Soc. New York, The Macmillan Co. 1900. KELLEY, EDMOND. Government or Human Evolution. Justice. New York, Longmans, Green & Co. 1900. MAKATO, TENTEARO. Japanese Notions of European Economy. 3d ed. revised. Glascow, Single Tax League. 1900. Imported by James Love, Camden, N. J. Manteuffel, Dr. Carl Freiherr v. Das Sparen, Sein Wesen und Seine Volkswirtschaftliche Wirkung. Jena, Gustav Fischer. 1900. MERRIAM, C. E. JR. History of the Theory of Sovereignty since Rousseau. Colum- 1900. Pour la Maison des Étudiants. Bruxelles, F. Recueil d'articles, notes et documents concernant le project d' établir une Maison des Étudiants à Bruxelles. Avondstond, Imprimeur-Editeur. 1899. PROPER, EMBERSON EDWARD. Colonial Immigration Laws. Columbia University. Studies in Hist., Econ., and Pub. Laws. Series xii, no. 2. SMEATON, OLIPHANT. Thomas Guthrie. Famous Scots Series. Imported by Charles Scribner's Sons, New York. 1900. SPAHR, CHARLES B. America's Working People. New York, Longmans, Green & Co. 1900. 1900. Statistisches Jahrbuch Deutscher Städte. Achter Jahrgang. Breslau, Verlag von The Annual Literary Index, 1899. New York, Publishers Weekly. Fletcher, W. S. and Bowker, R. R. (Editors). The Work of the London School Board. London, P. S. King & Son. 1900. THILLY, FRANK. Introduction to Ethics. New York, Charles Scribner's Sons. 1900. THE YALE REVIEW. NOVEMBER, 1900. COMMENT. The Currency Act and the Gold Standard; The Anthracite Coal Strike. THE past political campaign has brought into prominence the question whether the Currency Act of March, 1900, definitely establishes the United States upon a gold standard. This question may be answered affirmatively if the question is made to read: does the Act finally dispose of the free coinage of silver? The likelihood of the election of a Congress and a President who will agree upon the adoption of such a measure has become too remote to be seriously considered. The permanent interests of the majority of our people, as well the course of recent monetary legislation in other countries, make it practically impossible for the United States ever to join our neighbor, Mexico, in the narrow and narrowing circle of countries which open their mints to the free coinage of the white metal. If by the adoption of the gold standard is meant the discarding of silver as money, the question may be answered in the negative, and with still greater assurance. The recent law of the United States, like the various demonetization acts of other countries, provides ample room for the monetary use of silver, which will inevitably continue as long as the range of prices and wages calls for a bulkier metal than gold. If, however, the adoption of the gold standard means the adoption of a monetary system which combines the free coinage of gold as an unlimited legal tender in the payment of debts with vecome the man in of more than a fro oring anger at der angegular size. More the Am and not have secured the prei waren dá viher unicans as substates for the meret, to an for the former were authorized only fenominaTa däcly was met in 1886 by an We get a the invigation of the first Clerreland A iministration, ML, KÉZAved valer certificates of as low denominations as ། 11. a affert of this law was far reaching. Little by little the mujer ceph-beates, originally intended merely to meet the incongemence of handling large sums in silver.-displaced other forms of currency and supplied the want of large change. A generation's septaintance with paper currency and the confusion meident to our large array of dollars enabled this important change in our currency to be brought about almost imperceptibly. The Administration aimed to find a place for silver by substituting small certificates for other forms of currency in the pockets of the people Its efforts were successful. And in the recent |