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OF THE

AMERICAN ACADEMY

OF

POLITICAL AND SOCIAL SCIENCE

ISSUED BI-MONTHLY

VOL. XXXI

JANUARY-JUNE, 1908

EDITOR: EMORY R. JOHNSON ASSOCIATE EDITORS:L. S. ROWE, SAMUEL McCUNE LINDSAY CARL KELSEY, JAMES T. YOUNG, CHESTER LLOYD JONES, WARD W. PIERSON

PHILADELPHIA AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE 1908

Copyright, 1908, by the American Academy of Political and Social Science. All rights reserved.

KRAUS REPRINT CO. New York 1968 Reprinted with the permission of the original publishers KRAUS REPRINT CO. A U. S. Division of Kraus-ThomsonOrganization Limited

Printed in U.S.A. CONTENTS

PRINCIPALPAPERS PAGE ABBOT, HENRY L. Present Status of the Panama Project ..... 12 ALTHOUSE,CALVIN O. Water Power in the Mississippi Valley. 164 BERGEN, FRANK. Restrictive Legislation Against Public Service Corporations in New Jersey ...... 659 BRUE'RE, HENRY. Public Utilities Regulation in New York.... 535 CLEVELAND, F. A. Neglected Aspects of Currency and Banking ...... 420 CORTELYOU,GEORGE B. Note Introductory ...... 301 DAVIS, ARTHUR P. Reclamation of Arid West by Federal Government ...... 203 DODD,W. F. The Finances of the District of Columbia ..... 671 EARLE, GEORGE H., JR. A Central Bank as a Menace to Liberty ...... 355 ELLIOTT, J. M. A National Clearing House as a Safeguard Against Panics ...... 460 FAIRLIE, A. The New York Canals JOHN ...... 117 FORBES, URQUHART A. The Inland Waterways of Great Britain and the Plans under Consideration for their Improvement. 228 FOREMAN, MILTON J. Chicago New Charter Movement-Its Relation to Municipal Ownership ...... 639 FLAGLER, C. A. F. Engineering Features of Chesapeake and Delaware, and Norfolk-Beaufort Waterways ...... 73 FRAME, ANDREW J. Diagnosis of the World's Elastic Currency Problems ...... 377 FRISSELL, A. S. Trust Companies and Reserves ...... 463 GAGE, LYMAN J. The Obstacles to Currency Reform ...... 454 HERRICK, MYRON T. The Panic of 1907 and some of its Lessons ...... 308 HOTCHKISS, WILLARD E. Recent Phases of Chicago's Trans- portation Problem ...... 619 JONES, CHESTERLLOYD. The Anthracite-Tidewater Canals... 102 (iii) iv Contents

PAGE JONES,LAWRENCE M. The Improvement of the Missouri River and its Usefulness as a Traffic Route ...... 178 LEWIS, EDWIN O. Philadelphia's Relation to Rapid Transit Company ...... 600 LOTZ,WALTHER. The Present Significance of German Inland W aterways ...... 246 LUETSCHER,G. D. Atlantic Coastwise Canals: Their History and Present Status ...... 92 MACAFEE, JOHN BLAIR. Result of Further Legislative Regu- lation of Electric Railways ...... 695 MILLS, A. L. The Northwest in the Recent Financial Crisis.. 413 MOORE, J. HAMPTON. The Delaware River ...... 67 MURPHY, JOHN J. Franchise Grants in New York City ...... 612 NASH, WILLIAM A. Clearing-House Certificates and the Need for a Central Bank ...... 361 NEWLANDS, FRANCIS G. The Use and Development of Amer- ican Waterways ...... 48 WILLIAM BARCLAY. Cod Canal 81 PARSONS, Cape ...... PINCHOT, GIFFORD. The Relation of Forests to Stream Control 219 POLLOCK, HORATIO M. The Public Service Commissions of the State of New York ...... 649 RANSDELL, JOSEPH E. Legislative Program Congress Should Adopt for Improvement of American Waterways ...... 36 RICHARDS, J. L. The Boston Consolidated Gas Company: Its Relation to the Public, Its Employees, and Investors ..... 593 RIDGELY, WILLIAM BARRET. An Elastic Credit Currency as a Preventive of Panics ...... 326 ROBERTS, GEORGEE. The Need of a Central Bank ...... 345 ROOSEVELT, PRESIDENT. Our National Inland Waterways Policy. (Memphis Address) ...... I SCHIFF, JACOB H. Relation of a Central Bank to the Elasticity of the Currency ...... 372 SELIGMAN, ISAAC N. Foreign Experience a Guide to Currency Reform ...... 367 SIKES, GEORGE C. The Relation of Chicago to Public Service Corporations ...... 689 THAYER, WALTER. Transportation on the Great Lakes ...... 126 TREAT, CHARLES H. The Readjustment of our Banking System and the Unification of the Currency 335 ...... Contents v

PAGE VANCE, JOHN L. The Improvement of the Ohio River ...... 139 VANDERLIP,FRANK A. The Panic as a World Phenomenon ... 302 WAY, R. B. Mississippi Improvements and Traffic Prospects. 146 WEXLER, S. The Lessons of the Panic of 1907 ...... 448 WILCOx, DELOSF. The Control of Public Service Corpora- tions in Detroit ...... 576 WOLFF, SOLOMON. Public Service Corporations of New O rleans ...... 630 WRIGHT, HENRY C. Development of Transit Control in New York City ...... 552 YATES, HENRYW. Panic Preventions and Cures ...... 398 YOUNG, FREDERICKG. Columbia River Improvement and the Pacific Northwest ...... 189

COMMUNICATIONS

BANCROFT, WILLIAM A. Moderation in Control of Public Service Cor- porations ...... o ROBINSON, Louis N. The German Stiidtetag ...... 703

NOTES ON MUNICIPAL GOVERNMENT

CONDUCTED BY L. S. ROWE AND W. W. PIERSON. The Relation of the Municipality to the Water Supply. A Symposium ... 470 Amsterdam (Holland), Berlin (Germany), Copenhagen (Den- mark), Stockholm (Sweden), Upsala (Sweden), Madrid (Spain)

DEPARTMENT OF SOCIAL WORK

CONDUCTED BY CARL KELSEY. Infant Mortality in the American Cities. Compiled by G. B. Mangold. A Symposium ...... 484 New York City, Philadelphia, St. Louis, Baltimore, Buffalo, Cin- cinnati, Milwaukee, Minneapolis, Providence, Rochester. The New York Society for the Prevention of Cruelty to Children. By E. F. Jenkins ...... 492 vi Contents

BOOK DEPARTMENT

CONDUCTED BY CHESTER LLOYD JONES

REVIEWS PAGE BALDWIN, J. M. Social and Ethical Interpretations in. Mental Develop- ment.-M . V. O'Shea ...... 513 BARKER,E. The Political Thought of Plato and Aristotle.-C. L. Jones 287 BEER, G. L. British Colonial Policy. 1754-1765.-E. R. Johnson...... 514 BERGLUND,A. The United States Steel Corporation.-W. S. Tower .... 515 Cambridge Modern History. Vol. X.-W. E. Lingelbach ...... 288 CASSON,H. V. The Romance of Steel.-W. S. Tower ...... 290 CLARK,J. B. Essentials of Economics.-F. D. Watson ...... 515 COMMONS,J. R. Races and Immigrants in America.-G. B. Mangold ... 516 CROMER,THE EARL OF. Modern Egypt. Two Vols.-C. L. Jones...... 725 CURTIS,NATALIE (Ed). The Indians' Book.-C. L. Jones...... 727 DAY, C. A History of Commerce.-E. R. Johnson ...... 517 DEFEBAUGH, J. E. (Ed.). History of the Lumber Industry of America. Two Vols.-G. G. Huebner ...... 727 DOWD,J. The Negro Races. Vol. I.-C. Kelsey ...... 518 DOYLE,J. A. English Colonies in America. Vols. IV and V.-H. V. Ames 291 DURLAND, K. The Red Reign.-C. Kelsey 519 ...... EATON, J. Grant, Lincoln and the Freedmen.-W. L. Fleming...... 520 EDWARDS,A. M. The Labor Legislation of Connecticut.-J. L. Barnard 521 ENOCK, C. R. The Andes and the Amazon.-H. R. Ringe ...... 728 Fessenden. FESSENDEN, F. Life and Public Services of William Pitt Two Vols.-W. L. Fleming ...... 521 FISK, G. M. International and Commercial Policies.-F. D. Watson .... 522 Robinson 523 HADLEY, A. Standards of Public Morality.-M. H...... 729 HAWLEY, F. B. Enterprise and the Productive Process.-R. V. Phelan.... 729 HOWE,F. C. The British City.-L. S. Rowe ...... HUNT, W., and POOLE,R. L. (Editors). The Political History of England. Vol. V. By H. A. L. Fisher.-E. P. Cheyney ...... 523 Nearing 730 INGRAM, J. K. A History of Political Economy.-S...... 525 LATANf, J. H. America as a World Power.-C. L. Jones...... E. LINDSAY,T. M. A History of the Reformation. Two Volumes.-W. Lingelbach ...... 526 in McBAIN, H. L. DeWitt Clinton and the Origin of the Spoils System New York.-W. T. Root ...... 293 ...... 731 MEYER, H. R. The British State Telegraphs.-S. E. Sparling Britain.- MEYER, H. R. Public Ownership and the Telephone in Great E. W . Bemis ...... 527 528 MORE,LOUISE B. Wage-Earners' Budgets.-C. L. Raper ...... Contents vii

PAGES Municipal and Private Operation of Public Utilities. Three volumes.- C. L. Jones ...... 731 MURRAY,A. M. Imperial Outposts.-C. L. Jones ...... 529 ORTUZAR,A. Chile of To-day.-L. S. Rowe ...... 530 OSGOOD,H. L. The American Colonies in the Seventeenth Century.- D. Y. Thomas ...... 294 Ross, E. A. Sin and Society.-H. R. Mussey ...... 295 SCHUSTER,E. J. The Principles of German Civil Law.-C. L. Jones ..... 295 SHAW, A. Political Problems of American Development.-L. S. Rowe.. 531 SMALL, A. W. Adam Smith and Modern Sociology.-H. R. Mussey..... 296 SMITH, S. G. The Industrial Conflict.-M. O. Lorenz ...... 297 SPEED,T. The Union Cause in Kentucky, I860-I865.-H. V. Ames ...... 298 SUMNER, W. G. Folkways.-C. Kelsey ...... 531 TREVELYAN,G. O. The American Revolution. Part III.-C. R. Fish .... 532

NOTES

AIMES, H. H. S. A History of Slavery in Cuba ...... 495 ALLIN, C. D. The Early Federation Movement in Australia ...... 707 ANDRESEN,N. P. The Republic ...... 495 Atlanta University Publications. No. II ...... 707 ...... AucuY, M. Les Systemes Socialistes d'Exchange 263 BARNARD,J. L. Factory Legislation in Pennsylvania ...... 263 BARTLETT,D. W. The Better City ...... 495 BARTON,J. L. The Missionary and His Critics. Second Edition ...... 495 BAZAINE, M. La Intervencion Francesa en Mexico ...... 496 BEAZLEY,C. R. The Dawn of Modern Geography. Vol. III ...... 496 BERENS,L. H. The Digger Movement in the Days of the Commonwealth. 264 BOGART,E. L. Economic History of the United States ...... 497 BOND, B., JR. The Monroe Mission to France, 1794-1796 ...... 264 BOYD,C. E. Cases on Constitutional Law. Second Edition ...... 265 BREWSTER, W. N. The Evolution of New China ...... 265 BRIsco, N. A. The Economic Policy of Robert Walpole ...... 266 BROWN,S. Alpine Flora of the Canadian Rocky Mountains ...... 497 . BROWNE, H. A. Bonaparte in Egypt and the Egyptians of To-day 498 BULLOCK, C. J. Finances and Financial Policy of Massachusetts from 1780 to 1905 ...... 267 BULLOCK, C. J. Selected Readings in Economics...... 498 BUNN, C. 0. and W. C. Constitution and Enabling Act of the State of Oklahoma ...... 708 BUTLER, N. M. True and False Democracy ...... 499 Bureau of American Ethnology. Twenty-fourth and Twenty-fifth Annual Reports, 1902-0o4...... W. M. Cordova 268 CALVERT,A. F., and GALLICHAN, ...... CALVERT, T. H. Regulation of Commerce under the Federal Constitution 499 viii Contents PAGES CAMPBELL,R. J. Christianity and the Social Order ...... 499 CHATTERTON-HILL,G. Heredity and Selection in Sociology ...... 269 COMMONS,J. R. Proportional Representation ...... 270 CRAIG,N. B. Recollections of an Ill-Fated Expedition ...... 500 DAVIS,R. H. The Congo and the Coasts of Africa ...... 500 DAWSON,W. J. A Prophet in Babylon ...... 7p8 DENSMORE,E. Sex Equality ...... 50 DICK,S. The Heart of Spain ...... 501 Dow, E. W. Atlas of European History ...... 270 DUNMORE,W. T. Ship Subsidies ...... 708 Ein Land der Zukunft ...... 271 FISHER, I. The Rate of Interest ...... 501 FORBES-LINDSAY,C. H. The Philippines ...... 271 FORREST,J. D. The Development of Western Civilization ...... 271 FOULKE,W. D. Translated by. History of the Langobards, by Paul the Deacon ...... 272 FRASER,J. F. Red Russia ...... 709 FREEMAN, W. G., and CHANDLER, S. E. The World's Commercial Products 7C9 ...... FYNN, A. J. The American Indian as a Product of Environment 71o GOMME,G. L. Thle Governance of London ...... 711 GRIFFIS,W. E. Corea the Hermit Nation ...... 273 GRIFFIS,W. E. The Japanese Nation in Evolution ...... 273 GRIFFITH,E. C. The Rise and Development of the Gerrymander ...... 502 GUTHRIE,W. B. Socialism before the French Revolution...... 711 HALE, A. The South Americans ...... 503 274 HALL, B. Three Acres and Liberty ...... 274 HART, G. Woman and the Race ...... - HATTERSLEY,C. W. Uganda by Pen and Camera ...... 712 ...... 275 HAZEN, A. Clean Water and How to Get It ...... - HENDERSON,C. R. Outdoor Labor for Convicts ...... 713 HIGGINSON,T. W. Life and Times of Stephen Higginson ...... 504 713 HOLLAND,C. Old and New Japan ...... HOLMAN,F. V. Dr. John McLoughlin, the Father of Oregon 275 276 HOLT,H. On the Civic Relations ...... 276 HONE, N. J. The Manor and the Manorial Records ...... 713 HOYT, J. C., and GROVER,N. C. River Discharge ...... 277 HUEFFNER,F. M. England and the English ...... 5C4 HULBERT,A. B. The Ohio River ...... 713 HULL,W. H. (Editor.) Practical Problems in Banking and Currency.. HUTCHINSON,A. L. The Limit of Wealth ...... 278 ...... 505 JACQUART,C. Statistique et Science Sociale ...... 278 JORDAN,D. S. The Human Harvest KELLY,E. The Elimination of the Tramp 714 ...... to KEMMERER,E. W. Money and Credit Instruments in their Relation Prices ...... 714 of Criminal Law 505 KENNY, C. H. Outlines ...... 279 KIRKUP,T. An Inquiry into Socialisnm .. .. Contents ix

PAGE KNIGHT,E. F. Oversea Britain ...... 505 KNOOP,D. American Business Enterprise ...... 719 KROPOTKIN,PRINCE. The Conquest of Bread...... 715 LABRIOLA,A. Socialism and Philosophy ...... 279 LA FARGUE, P. The Right to be Lazy ...... 280 LAMONTE,R. R. Socialism, Positive and Negative ...... 280 Legislation du Travail, Annuaire de la ...... 281 MACROSTY,H. W. The Trust Movement in British Industry ...... 281 A. T. From Sail to Steam ...... 716 MAHAN, ...... K. Revolution and Counter Revolution 280 MARX, ...... MERRITT,A. N. Federal Regulation of Railway Rates ...... 716 MIYAKAWA,M. The Life of Japan ...... 281 MORRIS,C. Home Life in all Lands ...... 506 MUNRO,D. C., and SELLERY,G. C. (Editors). Medieval Civilization.... 506 National Association of Railway Commissioners, Proceedings of the Eighteenth Annual Convention of ...... 717 NEAME,L. E. The Asiatic Danger in the Colonies ...... 282 OSGOOD,E. I. Breaking Down Chinese Walls ...... 717 PARLOA,M. Home Economics 282 PARRISH,R. The Great Plains ...... 718 PEARY,R. E. Nearest the Pole ...... 506 POORMAN,C. I. The Conflict of the Ages ...... 283 POPPLEWELL,F. Iron and Steel Production in America ...... 719 POWELL,L. P. Christian Science: the Faith and its Founder ...... 719 PRATT,E. A. Organization of Agriculture ...... 507 REEVES,J. S. American Diplomacy under Tyler and Polk ...... 719 RICHARDS,R. C. Railroad Accidents ...... 283 ROLLINS,M. Money and Investments 507 ...... 507 ROOT,E. The Citizen's Part in Government ...... ROQUENANT,A. Patrons et Ouvriers ...... 508 SALAMOND,J. W. Jurisprudence. Second Edition...... 508 SARGENT,A. J. Anglo-Chinese Commerce and Diplomacy ...... 720 .. SCOTT,J. G. Burma ...... 720 SCOTT,J. T. The Sexual Instinct. Second Edition...... 508 SHUFELDT, R. W. The Negro: A Menace to American Civilization ...... 509 SMITH, A. H. China and America To-day ...... 721 SNEDDEN,D. S. Administration and Educational Work of American Juvenile Reform Schools ...... 509 SNYDER,C. American Railways as Investments ...... 510o . SNYDER,C. The World Machine ...... 284 Sociological Papers. Vol. IIITTT...... 285 280 SPARGO, J. Capitalist and Laborer ...... the English Civil Wars. Part II 285 STEINER, B. C. Maryland during ...... STEINER, E. A. The Mediator ...... 5 STELZLE, C. Christianity's Storm Centeir ...... 5To STEVENS,A. C. (Editor.) The Cyclopedia of Fraternities ...... 722 x Contents

PAGE STIMSON, F. J. The American Constitution ...... 722 TENNEY,A. A. Social Democracy and Population ...... 11 TERLINDEN,C. Guillaume ler Roi des Pays-Bas et L'Eglise Catholique- en Belgique. Two volumes ...... 286 TERRILL,BERTHA M. Household Management ...... 723 THAYER,J. S. Legal Essays ...... 723 DE TOURVILLE, H. The Growth of Modern Nations ...... 723 L. G. of TYLER, Narratives Early Virginia, 16o6-I625 ...... 724 VOORHEES,E. B. Forage Crops ...... 724 WASHINGTON, B. T. The Negro in Business ...... 724 WEBSTER, H. Primitive Secret Societies ...... 724 WELSFORD, J. W. The Strength of Nations ...... 511 Who's Who in America ...... 725 WIDNEY,J. P. Race Life of the Aryan Peoples. Two volumes ...... 287 WINTER, N. O. Mexico and Her People of To-day ...... 512 WooD, W. A. Modern Business Corporations ...... 512

Annual Report of the American Academy of Political and Social Science for 1907 ...... 733

SUPPLEMENT

Child Labor Legislation. Handbook, 19o8. Compiled by JOSEPHINEC. GOLDMARK. May, 90o8. Pp. 68.