William Dean Howells in his lifetime was ranked with his friend,Henry James as a writer of a new realistic kind of fiction,and however mild and idealistic it seems today,was considered by its admirers as refreshingly revolutionary and by others as cynical meanspiritedness seeking to sacrifice all that was "noble" in art.While actually having little in common with James, (he seems to be closer in spirit to Trollope) Howells' name was always side by side with James' and it was probably supposed that their future reputations would share a similiar fate. Unfortunately,that was not the case-while Henry James is considered a giant of American belles lettres,Howells has been relegated to minor status and except by a happy few,little read." A Hazard of New Fortunes",possibly Howell's best work,is one of the better known-but most people aren't aware that it is one of the greatest works of fiction in American literature. It is an impressive panorama of American life towards the end of the last century.People from Boston,the west,the south and Europe all converge in New York to enact a comedy of manners or tragedy,depending on their fortunes,that compares in its scope and masterly dissection of society, with"The Way We Live Now