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LIBRARY OF ECONOMICS AND POLITICS.

EDITED BY

RICHARD T. ELY, Ph.D., LL.D.

NUMBER NINE.

Library of Economics and Politics.

Vol. I. The Independent Treasury System of the United

States . . . . . . . . . . . . $1.50 By DAVID KINLEY, Ph.D., Professor of Political Economy

in the University of Illinois. Vol. II. Repudiation of State Debts in the United States, $1.50

By WILLIAM A. SCOTT, Ph.D., Associate Professor of Political

Economy in the University of Wisconsin. Vol. III. Socialism and Social Reform . . . . . $1.50*

By RICHARD T. ELY, Ph.D., LL.D., Professor of Political

Economy, and Director of the School of Economics, politi

cal Science, and History in the University of Wisconsin. Vol. IV. American Charities. A Study in Philanthropy and

Economics . . . . . . . . . . . $1.75 By AMOS G. WARNER, Ph.D., Professor of Economics a

Social Science in the Leland Stanford, Jr., University. Vol. V. Hull-House Maps and Papers.

By RESIDENTS OF HULL-HOUSE, Chicago, Ill. Illustrated with Colored Maps. 8vo..

. $2.50 Special Edition with Maps mounted on Cloth. 8vo. $3.50 Vol. VI. Punishment and Reformation. An Historical Sketch

of the Rise of the Penitentiary System . $1.75

By FREDERICK H. WINES, LL.D. Vol. VII. Social Theory. A grouping of Social Facts and

Principles . . . . . . . . . . . $1.75 By JOHN BASCOM, Professor of Political Economy and Politi

cal Science, Williams College. Vol. VIII. Proportional Representation . . . . . . $1.75

By JOHN R. COMMONS, Professor of Sociology in Syracuse

University. Vol. IX. State Railroad Control, with a History of its Develop

ment in lowa . . . . . . . . . . $1.75 By FRANK H. DIXON, Ph.D., Assistant in Political Economy,

University of Michigan. Vol. X. Southern Sidelights: a picture of Social and Eco

nomic Life in the South during a generation before the War . . . . . . . . . $1.75

By EDWARD INGLE, A.B., Washington, D.C. Vol. XI. Taxation and Taxes in the United States under

the Internal Revenue System . . . . $1.75 By FREDERIC C. HOWE, A.M., Ph.D., Cleveland, O.

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New York : 46 East FOURTEENTH STREET
THOMAS Y. CROWELL & COMPANY

BOSTON: 100 PURCHASE STREET

COPYRIGHT, 1896,
By THOMAS Y. Crowell & COMPANY.
14-7-33 0

c. J. PETERS & SON, TYPOGRAPHERS

BOSTON.

PREFACE.

My thanks are due to Hon. Peter A. Dey of Iowa City, Ia, whose sixteen years of almost continuous service as a member of the Iowa Railroad Commission — nine years as its chairman — have given him, in matters of railroad control, a rich experience, which has been constantly at my disposal. Hon. Frank T. Campbell of Des Moines, Ia., formerly a member of the Board of Railroad Commissioners, Mr. W. W. Ainsworth, the present secretary of the Board, and Mr. D. N. Lewis of the official force, have placed me under obligations to them by their readiness in furnishing me with all desired information. I wish to acknowledge the kind and helpful suggestions of the Editor of this series, and to thank Mr. Earle W. Dow of the University of Michigan for valuable assistance in proofreading.

64-11-37 ia

F. H. D.

BERLIN, January, 1896.

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