EARL, G. G. Water rates. Engg. News, July 20, 1911. An argument against flat rates for water service, of doubtful value to readers of the REVIEW. ERICKSON, H. Regulation of public utilities. Pamphlet, 1911. Discussions of rates for electric current, of freight rates, and of government regulation of security issues of public utility corporations, by a member of Wisconsin Commission. FAIRLIE, J. A. Public regulation of water power in the United States and Europe. Mich. Law Rev., Apr., 1911. Statement of the law of private water rights and of contemporary regulation of water power. FOWLE, F. F. 1911. Discrimination in central station rates. Engg. Mag., June, Argument in favor of rigid rather than limited regulation of central station rates based on analysis rates. GRIDSTED, M. De private Telefonselskaber i Danmark. Nat. ök. Tids., MayJune, 1911. Private telephone companies in Denmark and their relation to the state. HOLCOMBE, A. N. The electric lighting system of Paris. Pol. Sci. Quart., Mar., 1911. A discussion of the franchises of 1888-9 and 1907, and of municipal ownership in the French capital. LAPP, J. A. Public utilities. Am. Pol. Sci. Rev., Feb., 1911. An account of state legislation, attempted and accomplished, with reference to the regulation of public service corporations during 1910. LEE, G. W. Public utility references. Special Libraries, Mar., 1911. An extended bibliography (5 pp.) of articles recently published in the various technical and trade journals. MALTBIE, M. R. Franchises of electrical corporations in greater New York. 1911. A report submitted to the Public Service Commission for the First District. METCALF, L., and ALVORD, J. W. The going value of water-works. Transactions Am. Soc. of Civil Engineers, Apr., 1911. Attempts to formulate method for computing cost of reproduction of going value. MEYER, B. H. Central utilities commissions and home rule. Am. Pol. Sci. Rev., Aug., 1911. Centralization of control the need of the hour. ROEMER, J. H. The causes and effects of a publio utility commission. Pamphlet, 1911. Summary of work of Wisconsin Commission by its chairman. ROYCE, F. P. Valuation, a fair return and reasonable capitalization. Stone & Webster Pub. Serv. Journ., July, 1911. A disappointing article by an experienced public service corporation director. WATKINS, G. P. Street-railway rates, with especial reference to differentiation. Quart. Journ. Econ., Aug., 1911. Favors flat rate for street railways, with differentiation in character of service. WYMAN, B. State control of public utilities. Harvard Law Rev., June, 1911. Substantially the same as the introduction to the author's recent work on Public Service Corporations. The appraisal of the Third Avenue street railroad system, New York City. Engg. Con., June, 1911. Follows closely the opinion of the Public Service Commission for the First District in the case in question. Existing fares of Wisconsin road upheld by commission after valuation. Electric Ry. Journ., July 29, 1911. Commission declined to order a reduction of rates, when net earnings were under two per cent. The first gas and electricity rate case of the Public Service Commission for the First District of New York. Engg. News, Aug. 31, 1911. A good report of, and comment on, a significant decision. Going value of public service corporations, as determined by the Wisconsin Railroad Commission in the Madison Gas and Electric Case. Engg. Con., June 14, 1911. An extended criticism of a recent decision of the Wisconsin Railroad Commission. 1911. The New York subway report. Electric Ry. Journ., June 17, Proposes novel plan for division of risk and sharing of profits between city and companies. Commerce and Industry ABBOTT, J. F. Chinese boycotts. Bull. Wash. Univ., Apr., 1911. Describes the series of Chinese boycotts against foreign nations and firms which began with the boycott of American goods in 1906. BAKER, B. N. Closer commercial relations with Latin-America. Ann. Am. Acad., May, 1911. Discusses the treatment of the Panama canal and the establishment of steamship lines, with special reference to what Japan is doing in this connection. BOOTH, W. H. Venezuela. Cassier's Mag., July, 1911. A consideration of the trade possibilities of the country. The opportunities for cattle raising in the Orinoco valley and for the use of that river for transportation. FENOGLIO, G. Le imprese elettriche in Italia. Rif. Soc., June, 1911. Recent history of electrical companies in Italy. They generally sell power, rather than utilize it themselves. FONTANA-Russo, L. Les traités de commerce en vigueur entre l'Italie et l'Autriche et entre l'Italie et la France. Rev. Econ. Int., Feb., 1911. HENNEBICQ, L. L'expansion maritime. Rev. Econ. Int., Mar., 1911. JANES, H. L. Commercial relations of Chile. Ann. Am. Acad., May, 1911. Describes the relations of trade to loans and investments, the stability of the government, exports and imports, with some practical sug gestions to the exporter to Chile. Kahler, H. M. Current misconceptions of trade with Latin-America. Ann. Am. Acad., May, 1911. Argues that our manufactured goods find a more natural market in South America than in Europe and that the present predominance of the European exporter in the South American trade is overestimated and not insurmountable. KAUFMANN, E. Der französische Kapitalexport in der Gegenwart. Die Bank, Apr., 1911. LeCarpentier, G. Le développement de l'industrie et du commerce des cotonnades. II. Rev. Sci. Pol., Mar.-Apr., 1911. Makes an analysis of the countries exporting and importing cotton goods and describes especially the various markets in which France sells. MAXEY, E. Our trade with Latin-America. Moody's Mag., Aug., 1911. Dwells on our advantages in the South American trade, and suggests means of increasing our exports to South American countries. MUNRO, D. The home timber trade outlook. Scottish Bankers Mag., July, 1911. Discusses the possibilities of afforestation in Scotland. SWIFT, M. W. The seasonal movements of trade. Moody's Mag., July, 1911. Describes the trade cycles of the year and the effect of these cycles in each month. WORTHINGTON, A. Our trade with India. Manchester and District Bankers Quart., Feb., 1911. Adoption of tariff reform by Great Britain would injure the Lancashire cotton industry. A prize essay. Commerce with South America. Ann. Am. Acad., May, 1911. Present statistics of existing shipping facilities from the United States, and freight charges; discusses banking facilities, packing and the work of export merchants. The British West Indies-Their banking and commerce. Scottish Bankers Mag., July, 1911. Accounting (Abstracts by John Bauer) BYLLESBY, H. M. The responsibilities of electrical engineers in making appraisals. Electric Ry. Journ., July 1, 1911. Shows that the tendency of the times is to base rates of public service corporations upon the valuation of their properties; consequently the responsibility of appraisals is a serious one, and usually the data are inadequate upon which to base such appraisal. CHILD, R. W. Where a theory fails. Stone & Webster Pub. Serv. Journ., The rate of depreciation allowed on property should depend upon circumstances not upon cast-iron theory; there is waste in an excessive special depreciation fund; all that is necessary is a ready cash fund to replace plant as it is worn out. DAVIES, H. J. Recent legislation affecting electric railway accounting. Electric Ry. Journ., July 1, 1911. Reviews the legislation of Ohio, Michigan, Pennsylvania; discusses particularly the ordinances of Cleveland, Ohio, which regulate the capitalization, maintenance and depreciation of electric railway properties. The laws fall into two classes: (1) those requiring reports of earnings and expenditures to special commissions; (2) those calling for reports on capitalization for purposes of taxation. FLOY, H. Depreciation as related to electrical properties. Electric Ry. Journ., A summary read before the American Institute of Electrical Engineers, Chicago, June 27, 1911, devoted principally to the nomenclature of depreciation. Most of Mr. Floy's definitions are worthy of adoption; many are decidedly not. FORCE, H. D. Municipal finance and accounting control under the charter of Deprecates the unscientific accounting current in most municipalities; describes the improvements provided for in the charter of Greater New York; urges centralization of accounting for the city and uniformity for the various bureaus; urges especially that all supplies for the city should be centrally purchased and accounted for and that the various bureaus should be provided through requisition upon the central stores. MENDENHALL, J. Accounting and cost-keeping system of the United States navy. Engg. Mag., Mar., 1911. Describes the navy-yard organization and outlines the system of cost accounting recently adopted by the department. The writer is a member of the accountancy firm which installed the entire system. METCALF, L. Depreciation in water-works operation and accounting. Journ. Defines three classes of depreciation in water-works properties: (1) physical, covering deterioration through wear; (2) functional, covering decline in value due to obsolescence and change of methods of operation; (3) contingent, providing through a period of years extraordinary losses of any one year. Emphasis is placed upon the need of providing adequate depreciation funds in view of recent court decision. Tables are presented showing the lifetime and rates of depreciation for different classes of water-works property. excellent article. An PANGBORN, W. S. Sinking-fund reserves (so-called). Journ. of Accountancy, Aug., 1911. A short, controversial article concerning the nature and form of sinking-fund accounts. The article is clear and sound in theory of accounts. POMEROY, L. R. Application of scientific accounting to promote industrial efficiency. Sibley Journ. of Engg., June, 1911. Discusses the importance of a good cost accounting system and explains the chief requisites. Shows how simple diagrams may furnish a useful index to business conditions. Business Organization (Abstracts by E. D. Jones) BRADLEE, H. G. Limitations of scientific efficiency. Ry. & Engg. Rev., June 10, 1911. Economy must often be sacrificed for "public health, safety and welfare, speed of action, time of completion, esprit de corps, quality and quantity of service, public good-will and patronage; all these and many others enter into the measurement of success and efficiency." BRANDEIS, L. D. The new conception of industrial efficiency. Journ. of Accountancy, May, 1911. Organized labor should not stand in the way of the employer, but join with him to economize. BROMBACHER, M. H. C. Application of scientific management to a railway shop. Ry. Age. Gaz., July 7, 1911. Argues for piece-work system with wage schedules so set that a good man can earn at least 25 per cent more than day work rates, supplemented by welfare work. DANIELS, N. H. JR. The relation of investment, earnings, and expense in a growing business. Stone & Webster Pub. Serv. Journ., Aug., 1911. An interesting contribution of the mathematics of financing, showing the reciprocal relations of capital investment and operating expenses in determining rates of profit, gross income and fixed charges being given factors. DOOLEY, C. R. Solving the skilled mechanic problem. Am. Mach., Mar. 23, 1911. Points out the need of more skilled mechanics in industry and de |