ASSISTANT EDITOR: CLYDE L. KING

EDITOR BOOK DEPARTMENT: ROSWELL C. MCCREA

ASSOCIATE EDITORS: JAMES C. BALLAGH, G. G. HUEBNER, S. S. HUEBNER, CARL
KELSEY, J. P. LICHTENBERGER, L. 8. ROWE, ELLERY

Copyright, 1914, by

AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE

All rights reserved

EUROPEAN AGENTS

ENGLAND: P. S. King & Son, 2 Great Smith St., Westminster, London, S. W.
FRANCE: L. Larose, Rue Soufflot, 22, Paris.

GERMANY: Mayer & Müller, 2 Prinz Louis Ferdinandstrasse, Berlin, N. W.
ITALY: Giornale Degli Economisti, via Monte Savello. Palazzo Orsini. Rome.
SPAIN: E. Dossat, 9 Plaza de Santa Ana, Madrid.

f

CONTENTS

COMPETITION VERSUS COÖPERATION IN THE STEAMSHIP

BUSINESS: PROPOSED LEGISLATION.......

Emory R. Johnson, Ph.D., Sc.D., Professor of Transportation and

Commerce, University of Pennsylvania; Member of the Public Ser-

vice Commission of Pennsylvania.

.......

Pago

1

EXTENT OF REGULATION OF OCEAN AND INLAND WATER

TRANSPORTATION BY THE FEDERAL GOVERNMENT.... ... 17

Grover G. Huebner, Ph.D., Assistant Professor of Transportation and

Commerce, University of Pennsylvania.

HISTORICAL DEVELOPMENT OF STEAMSHIP AGREEMENTS

AND CONFERENCES IN THE AMERICAN FOREIGN TRADE.... 48

Paul Gottheil, Member of the Firm of Funch, Edye and Co., New York,

and Chairman of the Special Committee of Steamship Lines Operating

from United States Atlantic and Gulf Ports to Foreign Countries.

STEAMSHIP LINE AGREEMENTS AND AFFILIATIONS IN THE

AMERICAN FOREIGN AND DOMESTIC TRADE..

S. S. Huebner, Ph.D., Professor of Insurance and Commerce, Univer-

sity of Pennsylvania, and Expert to the Committee on the Merchant

Marine and Fisheries during its Investigation of Shipping Combi-

nations.

THE ADMINISTRATION AND ENFORCEMENT OF STEAMSHIP

CONFERENCES AND AGREEMENTS..

75

112

William H. S. Stevens, Ph.D., Instructor in Economics, Columbia

University.

POOLING AGREEMENTS..

144

W. G. Sickel, Vice-Director, Hamburg-American Line, New York.

RATE AGREEMENTS BETWEEN CARRIERS IN THE FOREIGN

TRADE.....

155

P. A. S. Franklin, Vice-President, International Mercantile Marine

Company, New York.

DEFERRED REBATE SYSTEMS..

164

Herbert Barber, President of Barber and Company, Inc., New York.

CONTRACTS BETWEEN STEAMSHIP LINES AND SHIPPERS...... 168

D. J. Donovan, General Western Agent for Foreign Steamship Lines,

Chicago.

TRAFFIC AGREEMENTS BETWEEN STEAMSHIP LINES AND

AMERICAN RAILROADS..

185

Rufus Hardy, Member of Congress from Texas, and Member of the

Committee on the Merchant Marine and Fisheries.

278112

AGREEMENTS AND CONFERENCES IN THEIR RELATION TO

OCEAN RATES....

194

William Boyd, President of Houlder, Weir and Boyd, Inc., New York.

RATE MAKING IN DOMESTIC WATER TRANSPORTATION........ 205

E. O. Merchant, Ph.D., Washington, D. C.

RELATION OF THE CONTRACTOR OR SPECULATOR TO THE

WORLD'S OCEAN TRANSPORTATION PROBLEM....

232

T. Ashley Sparks, Member of the Firm of Funch, Edye and Company,

New York.

WATER TERMINALS IN THE UNITED STATES AND THEIR CON-

TROL.......

237

Ernest S. Bradford, Ph.D., Washington, D. C.

APPENDICES:

I. ADVANTAGES AND DISADVANTAGES OF SHIPPING

CONFERENCES AND AGREEMENTS IN THE AMERI-

CAN FOREIGN TRADE..

243

II. METHODS OF CONTROLLING COMPETITION BE-

TWEEN DOMESTIC CARRIERS BY WATER........

252

III. RECOMMENDATIONS OF THE COMMITTEE ON THE

MERCHANT MARINE AND FISHERIES......

255

IV. BILL TO REGULATE CARRIERS BY WATER ENGAGED

IN THE FOREIGN AND INTERSTATE COMMERCE OF

THE UNITED STATES..

263

BABSON-The Future Method of Investing Money (p. 275); BACKHOUSE AND
BLAND-Annals and Memoirs of the Court of Peking (p. 275); BEST-The Deaf
(p. 276); BEST AND OGDEN-The Problem of the Continuation School and Its
Successful Solution in Germany (p. 276); BRANFORD-Interpretations and Fore-
casts (p. 276); BROWN-The Underlying Principles of Modern Legislation (p. 277);
CLARK-Social Justice Without Socialism (p. 277); ENGEL-The Elements of
Child Protection (p. 278); FOSTER-The Social Emergency (p. 278); Gilbreth—
The Psychology of Management (p. 279); GOLDMAN-Stock Exchange Laws (p.
279); HAINES-The American Doctrine of Judicial Supremacy (p. 279); ILLING-
WORTH―The Ccöperation of Science and Industry (p. 280); JoHNSTON-Common
Sense in Foreign Policy (p. 280); KEPHART-Our Southern Highlanders (p. 281);
KOHLER-Philosophy of Law (p. 281); MAYREDER-A Survey of the Woman
Problem (p. 282); MECKLIN-Democracy and Race Friction (p. 282); MICHAELS—

Sexual Ethics (p. 283); MORLEY-On Politics and History (p. 283); PEEL-The

Reign of Sir Edward Carson (p. 283); RACINE-Graded Corporation Problems

and Guide to the Study of Auditing (p. 283); RUSSELL-Iceland: A Horseback

Trip Through Saga Land (p. 284); SELIGMAN-The Income Tax (p. 284); SHEP-

HERD-Latin America (p. 285); Verhoeff-The Kentucky Mountains: Trans-

portation and Commerce, 1750-1911 (p. 285); WOOLF-Bartolus of Sassoferrato

(p. 286); WRIGHT AND HOBHOUSE-An Outline of Local Government and Local

Taxation (p. 186).

REVIEWS

CABOT-What Men Live by (p. 286)......

GUYOT-Where and Why Public Ownership Has Failed (p. 287).
HOAG A Theory of Interest (p. 288).

JOHNSON-Emigration from the United Kingdom to North

America, 1763-1912 (p. 290)....

JONES-Statute Law Making (p. 291)..

Low-The Governance of England (p. 292).

.C. Kelsey

.E. Jones

. Esther L. Little

.H. P. Fairchild

S. M. Lindsay

.R. G. Gettell

ORAGE-National Guilds: An Enquiry into the Wage-System and

the Way Out (p. 293)...

OSBORNE-Within Prison Walls (p. 293).

REEVES-Round about a Pound a Week (p. 294)..

.S. Nearing

.J. P. Lichtenberger

SEAGER-Principles of Economics: Being a Revision of Intro-

duction to Economics (p. 294)...

SIEGFRIED-Democracy in New Zealand (p. 296).
WELLS-Social Forces in England and America (p. 296)..
WILLIAMSON-Maritime Enterprise, 1485-1558 (p. 297).

S. Nearing

.L. S. Blakey
.R. C. McCrea
.B. D. Mudgett

.A. P. Usher