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LIBRARY OF

ECONOMICS AND POLITICS.

EDITED BY

RICHARD T. ELY, PH.D., LL.D.

NUMBER NINE.

Library of Economics and Politics.

Vol. I.

The Independent Treasury System of the United
States
$1.50

By DAVID KINLEY, Ph.D., Professor of Political Economy
in the University of Illinois.

Vol. II. Repudiation of State Debts in the United States, $1.50 By WILLIAM A. SCOTT, Ph.D., Associate Professor of Political Economy in the University of Wisconsin.

Vol. III. Socialism and Social Reform

$1.50

By RICHARD T. ELY, Ph.D., LL.D., Professor of Political Economy, and Director of the School of Economics, Political Science, and History in the University of Wisconsin. Vol. IV. American Charities. A Study in Philanthropy and Economics.

$1.75

By AMOS G. WARNER, Ph.D., Professor of Economics and
Social Science in the Leland Stanford, Jr., University.

Vol. V. Hull-House Maps and Papers.

8vo

By RESIDENTS OF HULL-HOUSE, Chicago, Ill. Illustrated
with Colored Maps.
$2.50
Special Edition with Maps mounted on Cloth. 8vo. $3.50
An Historical Sketch

Vol. VI. Punishment and Reformation.

of the Rise of the Penitentiary System. $1.75 By FREDERICK H. WINES, LL.D.

Vol. VII. Social Theory. A grouping of Social Facts and Principles.

$1.75

By JOHN BASCOM, Professor of Political Economy and Political Science, Williams College.

Vol. VIII. Proportional Representation

$1.75

By JOHN R. COMMONS, Professor of Sociology in Syracuse
University.

Vol. IX. State Railroad Control, with a History of its Develop

ment in lowa

$1.75

By FRANK H. DIXON, Ph.D., Assistant in Political Economy,
University of Michigan.

Vol. X. Southern Sidelights: a picture of Social and Economic Life in the South during a generation

before the War

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By EDWARD INGLE, A.B., Washington, D.C.

$1.75

Vol. XI. Taxation and Taxes in the United States under

the Internal Revenue System

$1.75

By FREDERIC C. HOWE, A.M., Ph.D., Cleveland, O.

WITH

A HISTORY OF ITS DEVELOPMENT

IN IOWA

BY

FRANK H. DIXON, PH.D.

ASSISTANT IN POLITICAL ECONOMY, UNIVERSITY OF MICHIGAN

WITH AN INTRODUCTION

BY

HENRY C. ADAMS, PH.D.

PROFESSOR OF POLITICAL ECONOMY AND FINANCE,
UNIVERSITY OF MICHIGAN

NEW YORK: 46 EAST FOURTEENTH STREET
THOMAS Y. CROWELL & COMPANY
BOSTON: 100 PURCHASE Street

Up

COPYRIGHT, 1896,

BY THOMAS Y. CROWELL & COMPANY.

C. J. PETERS & SON, TYPOGRAPHERS

BOSTON.

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PREFACE.

My thanks are due to Hon. Peter A. Dey of Iowa City, Ia, whose sixteen years of almost continuous service as a member of the Iowa Railroad Commission nine years as its chairman-have given him, in matters of railroad control, a rich experience, which has been constantly at my disposal. Hon. Frank T. Campbell of Des Moines, Ia., formerly a member of the Board of Railroad Commissioners, Mr. W. W. Ainsworth, the present secretary of the Board, and Mr. D. N. Lewis of the official force, have placed me under obligations to them by their readiness in furnishing me with all desired information. I wish to acknowledge the kind and helpful suggestions of the Editor of this series, and to thank Mr. Earle W. Dow of the University of Michigan for valuable assistance in proofreading.

BERLIN, January, 1896.

F. H. D.

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