648 LINDSAY— SOLDIERS' AND SAILORS' INSURANCE. 



many years with the principles of social insurance in the solution 

 of some of their most difficult social problems. The United States 

 has now started upon the same road, and in the War Risk Insur- 

 ance Act is breaking new ground in some directions not yet under- 

 taken by any other nation. The successful administration of this 

 remarkable legislation, which is confidently anticipated in spite 

 of many initial difficulties, will mark a new era in our history, a new 

 stage in social progress and a new chapter in the development of 

 world democracy. 



Columbia University, 



New York, April, 1918. 



