N the endeavor previously announced to break ground for a thoroughgoing study of early American crises, which should proceed primarily upon the application of modern methods to the analysis of available statistical data, report has already been made upon various matters which concern the crisis period I837-42 the most extended period of severe misfortune not founded on political difficulties which this country suffered prior to the Civil War. Although some of the studies of particular phenomena have been prolonged beyond the years of recovery following this half-decade of troubled times, data of a statistical character at least covering the important period I830-45 have been collected, analysed, and presented upon the course of commodity prices, volume of public land sales, and market values of the common stocks of railroad and other enterprises.' To these should now be added such material as exists upon changes in the volume of business and upon banking and financial phases of the situation during the sixteen-year interval I830-45, an interval extensive enough to put the crisis period in proper setting while in conclusion the more important statistical series ought to be brought together to exhibit such relationships among them as seem most significant.

Reviews the book "Ratio Analysis of Financial Statements," by Alexander Wall and R.W. Duning.

Reviews the book "The Principles of Factory Organization and Management," by Ralph C. Davis.

The most important production problem confronting the average manufacturer today is whether or not to scrap old machinery or equipment and buy more modern machinery of higher efficiency. While all the factors involved cannot be evaluated by an exact computation in dollars and cents and the final answer must necessarily. involve the element of judgment, nevertheless the answer will in most cases be no better than a guess unless those factors which can be measured exactly in dollars and cents have been correctly reduced to figures. Some of the printed discussions of this problem have included as one of the determining factors the present "book value" of the machinery to be scrapped. If one stops to think, it is evident that any such solution must be in error. Whether or not we have charged more than adequate or less than adequate depredation in the past has nothing to do with the case. Another factor which is frequently overlooked is the effect of compound interest. As the period increases its importance increases.

Reviews the book "Essentials of Cost Accounting," by L. Cleveland Amidon and Theodore Lang.

With a view to giving the best possible service to the taxpaying public and for the purpose of protecting interests of the U.S. Government, more than 5,000 employees of the U.S. Internal Revenue Services attached to the Collection Service have been stationed at strategic points throughout the U.S. and its possessions. Most of these employees have been selected from the Civil Service registers. Others who are not required to qualify by Civil Service examinations must meet certain requirements in the way of previous education, training and experience in revenue matters. In connection with the collection of internal revenue taxes, two separate and distinct methods are employed. The first and older method is by the sale of internal revenue stamps. The other method of collecting the revenue is by means of tax assessment. The amount of internal revenue which is paid annually into the Treasury is affected to a great extent by the general prosperity of the country, and this is duly reflected in the prosperous condition of the U.S.

Reviews the book "Problems in Industrial Management," by Erwin Haskell and Harold Hazen Thurlby.

Reviews the book "Introduction to Governmental Accounting," by Lloyd Morey.

Reviews the book "Tax Diary and Manual--1928."