ECONOMICS AND SOCIOLOGY — WRIGHT. 1 65 



Science as a part of the September issue of the Annals of that society. 

 Dr. Huebuer has continued his stud}- of the history of the foreign 

 trade of the United States and has collected a large amount of val- 

 uable material. This is the largest and most important division of 

 the general history of American commerce, and he may require 

 another year to complete his work. 



In accordance with the division of the field agreed upon between 

 Professor Ripley and Professor Johnson, that he, Professor Ripley 

 (Professor Meyer is now in charge), should be responsible for the his- 

 tory of our domestic inland commerce, and that Professor Johnson 

 should work up the subject of ocean transportation. Professor John- 

 son has been engaged particularly during the last three months upon 

 the history of ocean transportation. 



Division' VII. — Money and Banking. 



Prof. Davis R. Dewey, in charge, reported last year that the chief 



stress up to that time had been placed upon indexing, etc. During 



the past year subjects of investigation have been assigned as follows : 



Mr. E. H. Davis, Purdue University, a study of local banking in Indiana. 



Dr. Adolph Eliason, Minnesota, banking in Minnesota. 



Prof. I. A. Loos, Iowa, banking in Iowa. 



Mr. C. C. Huntington, Ohio, banking in Ohio. 



Dr. W. C. Mitchell, California, economic consequences of the greenback issue. 



Prof. Jesse E. Pope, Missouri, banking iu Missouri. 



Prof. Charles Lee Raper, North Carolina, banking in North Carolina. 



Mr. David L. Wing, Bureau of Corporations, Washington, D. C, greenback 



party in Maine. 

 Dr. A. A. Young, Wisconsin, banking in New- Hamp.shire. 



These investigators have been furnished with bibliographical ref- 

 erences, and by means of Dr. Dewej^'s preliminary cataloguing have 

 been able to keep in touch. None of these investigations has as 

 yet been completed, but finished chapters may be expected within a 

 few weeks. Dr. Mitchell's work is nearly completed, and he is pre- 

 paring a detailed statement of the object of his inquiry and reports 

 progress. The work done so far comprehends ( i ) the gold price of 

 the paper dollar ; (2) rates of exchange in New York upon London 

 and Paris ; (3) wholesale prices ; (4) retail prices ; (5) wages, and 

 also the relation of rates of interest to banking. 



Dr. Dewey reports that he experiences embarrassment in finding 

 men of proper qualifications who have the requisite amount of time 

 at their disposal for carrying on the work. His own services have 

 been devoted to the collection of material for a History of Banking 

 in Massachusetts, and he has the cooperation of Professor Gardner 

 in securing an index to State documents, to which reference will be 

 made later on. 



