The Arena, Volume 18, No. 92, July, 1897

"The Arena, Volume 18, No. 92, July, 1897" by Various is a compilation of articles and essays edited by John Clark Ridpath, published during the late 19th century. This collection features a variety of topics, mainly focusing on social, political, and economic issues of the time, including critiques of Wall Street, discussions on currency standards, and commentary on political philosophy. It showcases a diverse range of authors and perspectives, reflecting the intellectual climate of that era. The opening of the volume begins with an article by Henry Clews titled "The Citadel of the Money Power," discussing the historical development and influence of Wall Street from its inception in 1792. Clews outlines how a small group of individuals established an auction market for stocks, which grew in importance over time, becoming an essential part of America’s financial system. He emphasizes the evolution of banking in Wall Street and raises concerns about its future, suggesting that despite current stagnation, Wall Street will continue to expand in influence. John Clark Ridpath follows with his critique, arguing that Wall Street's rise represents a dangerous concentration of power that could undermine democracy and economic stability, challenging the notion that this financial institution is a natural and beneficial part of society.

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