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Library of Economics and Politics.
Vol. I. The Independent Treasury System of the United
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 and
Social Science in the Leland Stanford, Jr., University.
By RESIDENTS OF HULL-HOUSE, Chicago, Ill. Illustrated
$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.
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 Development in lowa
University of Michigan.
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.
A HISTORY OF ITS DEVELOPMENT
FRANK H. DIXON, PH.D.
ASSISTANT IN POLITICAL ECONOMY, UNIVERSITY OF MICHIGAN
WITH AN INTRODUCTION
HENRY C. ADAMS, Ph.D.
PROFESSOR OF POLITICAL ECONOMY AND FINANCE,
UNIVERSITY OF MICHIGAN
New York: 46 East FOURTEENTH STREET
BOSTON: 100 PURCHASE STREET
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
F. H. D.
BERLIN, January, 1896.