THE

YALE REVIEW

A QUARTERLY JOURNAL FOR THE SCIENTIFIC
DISCUSSION OF ECONOMIC, POLITICAL,
AND SOCIAL QUESTIONS

VOLUME FOURTEENTH

MAY, 1905, TO FEBRUARY, 1906

NEW HAVEN, Conn.:

THE TUTTLE, MOREHOUSE & TAYLOR CO.

LONDON: EDWARD ARNOLD; PARIS: E. LEROUX;

BERLIN: PUTTKAMMER UND MÜHLBRECHT; ROME: E. LOESCHER

1906

EDITORS

HENRY WALCOTT FARNAM

EDWARD GAYLORD BOURNE

JOHN CHRISTOPHER SCHWAB

IRVING FISHER

HENRY CROSBY EMERY

GUY STEVENS CALLENDER

CLIVE DAY

ALBERT GALLOWAY KELLER