DEPARTMENT OE ECONOMICS AND SOCIOLOGY. 83 



work is written. It will be noticed that the plan pursued has not been uni- 

 form in all of the divisions. In two it seemed best to the collaborator to 

 divide his subject into chapters or sections and to assign each section to an 

 expert for completion. The final volumes of these divisions will, therefore, 

 be made up of contributions written by different authors. The other collab- 

 orators have pursued the plan of securing preliminary studies on certain 

 topics, but expect to write the final volumes themselves. It may be two or 

 three years before all of this work can be completed, but it is hoped that 

 several of the volumes will be finished before that time. 



Whether or not an additional appropriation will be necessary can not be 

 stated definitely at present. One collaborator has expressed his intention to 

 complete the work of his division at his own expense, if the allotment should 

 prove insufficient. Some divisions may possibly require less than the allot- 

 ment, in which case there will be a surplus that can be assigned to other 

 divisions. It is also hoped that a part of the sum set aside for administration 

 purposes will be used for investigation, now that the Department is relieved 

 of the salary of a Director. After making all allowances for these economies, 

 the writer thinks it not improbable that to complete the whole of the work 

 some additional money will be needed, though he is not able to specify the 

 amount, and though he will make every effort to keep the expenditures down. 

 In any case, the Index, as distinguished from the contributions to the Eco- 

 nomic History, will need more money, as explained above. 



The total amount which the Institution will be ultimately obliged to spend 

 depends to a large extent upon the policy which it pursues with regard to 

 publications. No appropriation has yet been made for this purpose. As our 

 Department contains twelve divisions, the entire work when finished will 

 comprise at least twelve volumes, but some of the collaborators contemplate 

 two or three volumes for their own division, and we must therefore consider 

 the possibility of twenty-four volumes instead of twelve. It is believed that 

 the work will have sufficient interest to be taken up on a commercial basis 

 by some publisher. If this should prove feasible and if the Carnegie Insti- 

 tution of Washington should give its consent, it would be relieved of a large 

 expense for printing, which was doubtless anticipated in the beginning, though 

 not specifically provided for. In view of the great importance of the work 

 and of the economy exercised by the collaborators in carrying it out, it is 

 hoped that the Institution will find itself able to make additional grants should 

 they prove necessary. In the meantime we intend to do our best to complete 

 the work with the funds in hand. 



