The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-31
NEW BOOKS

THE WORK OF WALL STREET. By Serene S.
Pratt. New York: D. Appleton & Co. Price,
$1.25
The author of this book has produced
known to the outside world as the great
center of speculative activity and in
terests in this country. Many regard it
as an American Monte Carlo a gambling
hell of most disreputable character.
There has been much misa pprehension
as to the doings Of Wall street, and the
author shows what is really good and
useful in it and does not attempt to con-
ceal the defects. 1t is now the second
stock, bond and money market in the
world, and is destined to take from Lon
don the primacy of such market before
many years. The author, familiar with
every phase of Wall street acticities,
shows the important place it fills in mod
ern business, in the promotion of great
and, useful enterprises, and reveals the
| wonderful efficiency of its mechanism.
In his sketch Of the history of the street
he explains the procuring cause of tho
speculative explosions of the past, and
shows that many efficient safeguards
| have been adopted against reckless and
dishonest speculation and barriers have
| been raised against the outbreaks of
| monetary panics. The chapters on the
working of the New York clearing house,
| the broker and his functions, the invest
| ment business, the money market and
| the system of credit which multiplies the
| power of money, foreign exchange and
balance of trade and on panics are fuu
| of valuable, practical inforraat ton Mr.
Pratt unveils many mysteries of wall
street, and has given the public really
| important book.
''The Book of Pears and Plums." by Rev.
E. Bartram, D D., F. r. H, S., with chap
ters on cherries and mulberries. published
! I, Tob York The Ro0ley
Head, is a, practical treatise on the grow
ing of the varieties of fruits named.
THE SPARK IN THE CLoD. A Study in Evo-
| luton. By J. I. Sunderland, A. NJ. Boston:
! American Unitarian Association Price, 50
/ cents.
This author insists that there is no
danger of the world outgrowing religion
for under the evolutionary theory, men
| will be irresistib1y carried to purer
and better religion than they now pos
sess and he is not quite ready to give
up the Bible and turn away from Jesus
because myths and legends have sprung
up around his name, and because some
have worshipped him as Cod 1t IS GER
tainly very wise to hold on to the Bible
and to Jesus. If both had been eXtln-
guished by the prosecutions OF the pagan
Roman emperorS the world to-day Wouio
indeed have been in a very sorry pllght'
and lie WOulQ nOC NC Wolt III iiNhiS. Ia
I1MMoRTAL1TY AND OTHER ESSAYS. BY
! Charles Carroll Everett, late professor in Har-
ward university. Boston, American Unitarian
Association. Price, S1.20. .a.. -.
The author. in the title essay, artlc-
ulates his conviction that to man are given
thoughts and senses which go beyond the
visible things of earth. and with these lie
feels that there has been given him
power of freer movement, a life not de-
pendent upon the earth. and he sees over
and beyond the earthly life. Indeed, there
is not to be found a tribe or nation
upon the earth that does not express It's
belief in the immortality Of the human
soul in some form. The essay on The
Known and the Unknowable in Religion
is a, masterful reply to the arguments OF
the Spencerian agnostics. Among the
} other essays there is. an excellent sketch
of and tribute to Joseph Prlestiy, one OF
5 the distinguished founders OF modern
| Unitarianism in England and IN the
, United States and pioneer in the pro-
motion Of modern chemistry.