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THE
YALE REVIEW
A QUARTERLY OURNAL FOR THE SCIENTIFIC DISCUSSION OF ECONOMIC, POLITICAL AND SOCIAL QUESTIONS
VOLUME NINETEENTH
MAY, 1910, TO FEBRUARY, 1911
NEW HAVEN, Conn.:
YALE PUBLISHING ASSOCIATION.
LONDON: EDWARD ARNOLD; PARIS: E. LEROUX;
BERLIN: Puttkammer und MÜHLBRECHT; ROME: E. LOESCHER
1911
EDITORS
HENRY WALCOTT FARNAM
JOHN CHRISTOPHER SCHWAB
IRVING FISHER
HENRY CROSBY EMERY
GUY STEVENS CALLENDER
CLIVE DAY
ALBERT GALLOWAY KELLER
FRED ROGERS FAIRCHILD
OCT 1 6 1911 AP 'YAI 19
Contents.
iii
SUBJECTS.
William Graham Sumner. (Comment.).
The Holding Corporation-II. (Maurice H. Robinson.)..
Victorian Wages Boards and the New Zealand Conciliation-Arbitration
Act. (Paul Kennaday.)
......
Legal Limitations upon Interference with the Contract Rights of a Com-
petitor. (Mason Trowbridge.)
Page
I
13
32
55
79
113
116
118
119
132
144
159
Some Immigration Differences. (Henry Pratt Fairchild.).
The New Leadership in Legislation. (Comment.)......
Arrested Development of Legislative Organs. (Comment.).
Some Items in the Presidential Program. (Comment.)....
A Better Control of Public Expenditure. (W. M. J. Williams.)
Capitalization and Market Value. (H. J. Davenport.).
Unionism and the Courts. (George Gorham Groat.)
The Second Class Mail Rates. (Charles William Burrows.)..
Typical Commercial Crises Versus a Money Panic. (Harry G. Brown.) 168
The United States Steel Corporation and the Panic of 1907. (Note. G.
B. Gould.)
Workingmen's Insurance in the United States. (Comment.)
224
The Religious Question in Spain. (Luis Garcia Guijarro.).
226
The Problem of Sick and Accident Insurance in Switzerland. (O. H.
Jenny.)
235
Work, Accidents, and the Law. (Howell Cheney.)..
255
Economic Phases of the Railroad Rate Controversy. (A. M. Sakolski.) 268
The Statistical Work of the Federal Government-I. (Julius H. Parme-
Taxation of Corporate Franchises in Massachusetts. (Charles A.
Andrews.)
The Statistical Work of the Federal Government—II. (Julius H. Parme-
lee.)
374
Rhine and Mississippi River Terminals. (E. J. Clapp.)
The British Election Address. (George L. Fox.)....
392
398