from 9 per cent in 1911 to 13 per cent in 1913. This department contained, in 1913, 42 signed communications. Although the total space devoted to periodical abstracts has declined, the number of titles entered has increased. In 1913 there were 1877 titles, as compared with 1727 in 1912. In part the reduction in space is due to the loss of services of abstractors, so that for certain topics the entries were made without annotation. Here note should be made of the cordial coöperation of the members who have charge of the different topics for abstract. This task is by no means a pleasant one. Often it must be done under great pressure and inconvenience, and it is a routine service offering little opportunity for expression of individual judgment. During the past year the Review has lost in this connection the services of Professor W. F. Gephart who had charge of Insurance, of Professor F. R. Fairchild in charge of Money, Banking, Credit, and Prices, and of Professor H. S. Person in charge of Commerce. For the latter group Dr. Melvin T. Copeland of Harvard University has kindly agreed to assume responsibility; for Money, Credit, and Banking, Professor D. C. Barrett of Haverford College; and, for Prices, Dr. H. J. Harris of the Library of Congress. Some statement should be made in regard to the policy of the editors. An endeavor has been made to draw into the circle of contributors as large a number of our members as possible. For some of the work it is necessary to have a permanent staff of helpers, as in the preparation of the periodical abstracts, and, to a less extent, of the legislative notes. But the group of reviewers is constantly extending. During the first two years there were 175 different reviewers, and, during this third year, 51 new names were added, making a total of 226. In thus aiming to secure a wide representative expression of the judgement of our membership, guard has been taken against relying upon immature experience or unscholarly aid. There have been 48 different authors of 58 leading articles during the three years. This also indicates an effort to extend the hospitality of the Review to as large a circle as possible. DAVIS R. DEWEY, Managing Editor. FIRST SERIES Any volume in paper, $4.00; in cloth, $5.00 for a single volume, $4.00 for each additional volume ordered at the same time. Vol. XI, in paper, $2.00; in cloth, $2.50. Set of 11 volumes in cloth, with index, $41.00. * Numbers starred are sold only with the set; but those double starred can be obtained in revised edition. For information apply to the Secretary. Volume I, 1886 1. Report of Organization of the American Economic Association. 2-3. *Relation of the Modern Municipality to the Gas Supply. James. Pp. 66 4. Coöperation in a Western City. By Albert Shaw. Pp. 106. 5. 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