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Latest Important Cases "in the United States we see a weak or an unscrupulous legalism in the service of a rapa cious commercialism. This paralysis of justice is a symptom which encourages the enemies of Anglo-Saxondom and ﬁlls its friends with mis givings. Unequaled prosperity, national, cor porate and individual wealth, fabulous in amount and extensive in distribution, will not avail to stave off disintegration if this ailment cannot be arrested." Merchant Marine. "Constitutional Mer chant Marine Legislation." By William W. Bates. Editorial Review, v. 4, p. 160 (Feb.). "The governments of the shipping states should consider it their duty to their own citi lens to call the federal government to account and demand the perfonnance ol' the compact for navigation laws." Mormonism. “The Viper on the Hearth." By Alfred Henry Lewis. Cosmopolitan, v. 50, p. 439 (Mar.).

The ﬁrst of a series of articles on the havoc wrought by Mormonism in family life. Party Politics. "The Political Predestina tion of Woodrow Wilson." By George Harvey. 193 North American Review 321 (Mar.).

"The ﬁnger of Predestination, guided by Logic, Circumstance. Conditions and History, points unerringly to Woodrow Wilson, Democrat,

as the opponent of William H. Taft, Republi can, in 1912." "American Affairs.’ By A. Maurice Low. 46 National Review 1001 (Feb.).

"The most experienced politicians believe that Mr. Tait will be renominated by his party. They can see nothing else. It is not at all unlikely that there will be a contest in the con vention and that the Radical wing of the party, led by some of the extremists from the Middle Western states, will endeavor to defeat Mr. Taft; . . . but it is not believed that they will command suﬁicient strength to be able to pre vent Mr. Tai't’s nomination or to dictate the nlomination of a candidate more agreeable to t em."

“Politics and Parties in the United States." Quarterly Review, v. 214, no. 426, p. 225 (Jan.).

Mr. Roosevelt occupies a prominent place in the subject-matter of this article, which is mainly a review of recent events. The reviewer ap rs to have derived his view of the present poitical situation from our popular magazines and kindred sources, as he professes to see in the money power a grave menace to American civilization. Pensions. "The Pension Carnival." By Wil liam Bayard Hale. World's Work, v. 21, p. 14159 (Mar.).

This sixth article deals with the "correction" of records, admitting deserters, embezzlers, mur derers and cowards to the beneﬁts of the honorably discharged. Speculation. "The Get-Rich-Quick-Game." By C. M. Keys. (Mar.).

World's Work, v. 21, p. 14112

This is the most remarkable article on fraudu lent stock selling that we have ever seen, setting

forth the names of hundreds of companies whose stock is wholly or practically worthless, and exhibiting the seductive advertising artiﬁces employed by unscrupulous so-called l‘banl<ers." Supreme Court. "The New Supreme Court." By Isaac F. Marcosson. Munsey's, v. 44, p. 739 (Mar.).

An entertaining anecdotal description of the personnel of our highest federal tribunal. Tariﬂ. "The United States and the Tariﬂ‘." Edinburgh Review, v. 213, no. 435, p. 32 (Jan.). A sketch of the developments of Taft's admin istration as regards the tariﬁ question, and of the outcome of Insurgent activity in the last Congressional elections. Taxation. "The Things that are Casar’s, IV." By Albert Jay Nock. American Magazine, v. 71, p. 631 (Mar.).

Treating of the extent of the exemptions from personalty taxation in New Jersey.

Latest Important Cases Bankruptcy. Secured Creditors — A pplim tion of Proceeds of Sale. U. S. in Sexton v. Dreyfus and Sexton v. Lloyd: Bank, Ltd., decided Jan. 23, the United States

Supreme Court held that a secured creditor is not entitled to apply the proceeds from the sale of his security ﬁrst to interest on his princi

pal accrued since the ﬁling of the petition in bankruptcy, and then to the principal and to prove a claim in a bankruptcy court for the balance of the principal. Mr. Justice Holmes said that the English rule would be followed by the Supreme Court: — "For more than a century and a half the theory of the English bankrupt system has been that