IN the year 1920, the student and the statesman saw many indications that the social, financial and industrial troubles that had vexed the United States of America for so long a time were about to culminate in civil war. Wealth had grown so strong, that the few were about to strangle the many, and among the great masses of the people, there was sullen and rebellious discontent. The laborer in the cities, the producer on the farm, the merchant, the professional man and all save organized capital and its satellites, saw a gloomy and hopeless future.