Industrial Conciliation. (G. P. Putnam's Sons. 68.)—Arbitra- tion is the
invited interference of an outside judgment ; concilia- tion is the effort made by parties interested in the dispute to arrive at some middle term which may be acceptable to both. The latter has obvious advantages, though much can be said for the former. In theory, those who know the conditions of a question are best able to arrive at the right answer ; in practice, this knowledge is often obscured by prepossession of prejudice or interest. On the other hand, conciliation, once set to work and reaching a conclusion, never misses its effect. These proceedings of the Conference held in December, 1901, under the auspices of the United States National Civic Federation will be found interesting and instructive. We are glad to see the "innocent public" represented by an intelligent member of the Conference.
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