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he Carnegie Corporation of New York in establishing the itute of Economics declared that "in committing to the Trustees administration of the endowment of the Institute of Economics, which the Corporation will have no control whatsoever, it has mind a single purpose-namely, that the Institute shall be ducted with the sole object of ascertaining the facts about current omic problems and of interpreting these facts for the people he United States in the most simple and understandable form. Institute shall be administered by its Trustees without regard to special interests of any group in the body politic, whether tical, social or economic." In order that the Council and Staff he Institute may enjoy the freedom which is conceded as essential cientific progress, the Trustees of the Institute have adopted the wing resolution: "The primary function of the Trustees is not xpress their views upon the scientific investigations conducted the Institute, but only to make it possible for such scientific k to be done under the most favorable auspices."

PUBLICATIONS OF

THE INSTITUTE OF ECONOMICS

INVESTIGATIONS IN INTERNATIONAL ECONOMIC
RECONSTRUCTION

GERMANY'S CAPACITY TO PAY (1923)*

RUSSIAN DEBTS AND RUSSIAN RECONSTRUCTION (1924)*
THE REPARATION PLAN (1924)*

THE FRENCH DEBT PROBLEM (1925)

THE RUHR-LORRAINE INDUSTRIAL PROBLEM (1925)

ITALY'S INTERNATIONAL ECONOMIC POSITION (For early publication)

INVESTIGATIONS IN INTERNATIONAL COMMERCIAL POLICIES
TARIFF MAKING IN THE UNITED STATES (1924)*

SUGAR IN RELATION TO THE TARIFF (1924)*

THE TARIFF ON WOOL (1926)

THE CATTLE INDUSTRY AND THE TARIFF (1926)

INVESTIGATIONS IN AGRICULTURAL ECONOMICS

AMERICAN AGRICULTURE AND THE EUROPEAN MARKET (1924)*

THE FEDERAL INTERMEDIATE CREDIT SYSTEM (1926)
FINANCING THE LIVE STOCK INDUSTRY (For early publication)

INVESTIGATIONS IN INDUSTRY AND LABOR

MINERS' WAGES AND THE COST OF COAL (1924)*

THE CASE OF BITUMINOUS COAL (1925)

THE COAL MINERS' STRUGGLE FOR INDUSTRIAL STATUS (1926)

INVESTIGATIONS IN FINANCE

INTEREST RATES AND STOCK SPECULATION (1925)
TAX-EXEMPT SECURITIES AND THE SURTAX (1926)

* Published by the McGraw-Hill Book Company.

1

AND THE TARIFF

BY

LYNN RAMSAY EDMINSTER

WITH THE AID OF THE COUNCIL AND STAFF
OF THE INSTITUTE OF ECONOMICS

New York

THE MACMILLAN COMPANY

All rights reserved

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