Professor Cuff casts a critically dissenting eye at one of American history's most cherished myths: Bernard Baruch's role in United States' mobilization during World War I.

Every schoolboy knows that a large fraction of the American public domain was granted to pioneer railroads in the nineteenth century. But was the federal land-grant policy socially beneficial? Professor Mercer provides one imaginative answer based upon an analysis of the economic issues involved and estimates of the private and social rates of return on the investment in the subsidized railroads.

Part of the eighteenth-century Spanish crown's attempt to restore national power through the promotion of trade and manufacturing was a campaign to eradicate the aversions of the nobility toward commerce and industry. Don Juan de Goyeneche was most often held up as the model of what the state expected of its noblemen. But Professor Callahan concludes that Goyeneche's significance lies more in symbol that in accomplishment.

During the first half of the nineteenth century, a number of American states prohibited the establishment of banks of issue within their borders. In theory, these states seemingly opted for the slow economic development associated with an inelastic currency supply. In the case of Iowa, however, the people's demand for an elastic currency was met by the creation of substitute financial institutions — land agency-banks — that functioned as de facto banks of issue.

Prepared for the Brazilian Ambassador to the United States, this document is a review of all foreign investment in that South American nation in 1935. However, as Mr. Berson points out in his introduction, omissions are just as important as inclusions, especially in light of the trade and commerce treaty then being negotiated between the two countries.

In the manner of the Creole tradesmen of Louisiana, whose lagniappe to their patrons is legendary, the Editor offers a similar bonus to readers of the Review. Instead of trifling presents added to a purchase, however, our lagniappe will he notes and documents illustrative of the evolution of business enterprise.