erting
that opinion to its own uses Wall Street employs all methods and uses
all expedients. Wall Street deliberately marks its game; and we have
to confess that the game generally falls at the first fire. We have
heard, however, of a single case of a brave man, now dead, who, when
offered ten thousand dollars for his voice against his conviction and
his opinion against his soul, in the matter of electing President of
the United States the man who was the candidate of Wall Street, told
the subtle committee to make an immediate and expeditious visit to the
bottom of the old theology.

This train of thought rises vividly to mind when I consider the
article of Mr. Henry Clews on "Wall Street, Past, Present, and
Future." This article came unsought and unexpected to the editorial
desk of THE ARENA. I confess that I doubted its genuineness. For why
should Mr. Clews address the public through the columns of THE ARENA?
What has THE ARENA done to merit such distinction? Satisfying myself
that the contribution was genuine, that it was not--and is not--a
hallucination, I at once divined that it must be a sort of challenge
to this magazine. I do the author of "Wall Street, Past, Present, and
Future," the honor to believe that he does not suppose THE ARENA to be
sufficiently verdant to publish his adroit and well-covered apology
for the great institution which he represents,--without knowing the
sense and significance of it. If indeed the distinguished gentleman
imagined that we could do such a thing here, then in good sooth he
must be undeceived. Or if he supposed that a paper of the kind
submitted would be _rejected_ at this office because of our well-known
antagonism to the fact which Mr. Clews defends, let him in that
instance also be undeceived.

At the office of THE ARENA we take all challenges. Nor should our
friends suppose or fear that the welcome admission of Mr. Clews's
article to the pages of THE ARENA implies timidity or some possible
weakness in the presence of that gigantic institution known by the
name of Wall Street. The fact is, that the nightmare which that power
has been able to spread, bat-like, over the souls of men for a quarter
of a century has about been dissipated; it is already the beginning of
the end. It is the dawn; the day is not very far in the future when
the American people, roused at last to the exertion of their majesty,
will shake themselves from the dread of this incubus and spring up
like a