RECENT

ECONOMIC CHANGES

AND THEIR EFFECT ON

THE PRODUCTION AND DISTRIBUTION OF WEALTH
AND THE WELL-BEING OF SOCIETY

BY

DAVID A. WELLS, LL. D., D. C. L.

MEMBRE CORRESPONDANT DE L'INSTITUT DE FRANCE; CORRESPONDENTE
REGIA ACCADEMIA DEI LINCEI, ITALIA; HONORARY FELLOW
ROYAL STATISTICAL SOCIETY, G. B.; LATE UNITED STATES
SPECIAL COMMISSIONER OF REVENUE, AND PRESIDENT
AMERICAN SOCIAL SCIENCE ASSOCIATION, ETC.

NEW YORK

D. APPLETON AND COMPANY

1890.

THEOLOGICAL LIBRARY

MAR 28 1912

HARVARD

DIVINITY SCHOOL

H40,715.

COPYRIGHT, 1889,

By D. APPLETON AND COMPANY.

All rights reserved.

ΤΟ

D. WILLIS JAMES,

THE ENTERPRISING AND SUCCESSFUL MERCHANT,

THE PUBLIC-SPIRITED CITIZEN,

THE WISE AND GENEROUS PHILANTHROPIST,

THIS VOLUME IS RESPECTFULLY

Dedicated

BY THE AUTHOR.