There was once a Journal of Economic and Business History published by the Business Historical Society and the Harvard Graduate School of Business Administration. Four bound volumes and an extra supplementary volume are on the shelf before us. They represent the combined efforts of many scholars in America and Europe. The depression caught the Journal only part way up the hill and sent it down again. Countless letters have come in to ask why we do not start up again or when the Journal will be reestablished. Just today such an inquiry came from a government bureau in Europe.

During the years after the Napoleonic Wars London merchant bankers, including Baring Brothers and Company, faced new complexities in the management of their business. Among the new problems was to find a satisfactory means of selecting trustworthy correspondents. London had become the leading money center of the world. With that development came a great extension of business for all leading banking and mercantile houses. Old correspondents in all parts of the world increased their operations with “The City” and many new names were added to the lists of correspondents on the books of the Londoners. The relative standing of all these changed from month to month and year to year. Thus, the increasing numbers and the rapidly changing status of the correspondents afforded plentiful evidence that the former haphazard collection of information and the strictly personal knowledge were inadequate for the demands of safety and prudence.

An interesting account of a business career has recently come into the possession of Baker Library. The Autobiography of Caspar Thomas Hopkins, a California pioneer, has been obtained by copying the original in the possession of one of his daughters, Mrs. Frank Hinckley. This story of his life was written in 1889, not for the public but for the edification of his daughters. It has therefore the special value of being a very frank record of his experiences and his achievements. The whole book is most interesting but here we are considering only his work in insurance. His youth will be touched on to give an idea of his early training.

Written from the outside with access to inside information and records, Professor Hower's History of an Advertising Agency: N. W. Ayer & Son at Work avoids the over-praise of a memorial volume written solely from within an organization, and at the same time has more reality than the cold clinical history of an individual or institution written solely from public records.

Interest in the safeguarding of the records of business houses in Great Britain began to be manifested about a generation ago, when it was realized that an intelligent use of the books of textile mill-owners enabled the historian to give a more convincing account of the industrial revolution in the North than had hitherto been available.

During the month of June the Society will send to its members Business and Capitalism by Professor N. S. B. Gras.

Ours is not the only period in which business men have had annoying restrictions placed upon their activities by outside agencies. In the Middle Ages business was almost completely controlled by regulations imposed by the gilds, by political rulers, and by the Church. The gilds restricted the number of persons permitted to enter given occupations, sometimes established prices which would be fair primarily to the consumer and would allow only a small profit to the producer, and attempted to exercise control over the volume of production.

During the present year has occurred an anniversary of special interest in the history of American business and to the student of business history.

The addition to the Business School Library of the Kress collection on business and economics presents as great an opportunity and challenge to the business historian as it does to the student interested in economic or politico-economic history. Here, for the first time at Harvard, is available a large collection of writings extending back to the dawn of printing, which have never been extensively surveyed from the particular viewpoint of the business historian.

The collection, and the room in which it is housed, come to us through the generosity of Mr. Claude Washington Kress, of New York City. The books and pamphlets themselves, to the number in excess of thirty thousand, were assembled in his lifetime by Professor H. S. Foxwell, of Cambridge, England.

Among the manuscript collections deposited in the Baker Library are the Land Department records of the Burlington and Missouri River Railroad, now part of the Chicago, Burlington & Quincy Railroad.

George Washington Whistler, the father of the artist, ended his civil engineering career as consultant to the Russian Czar after a life of distinguished service in the planning and construction of pioneer American railroads, including the Baltimore & Ohio and the present Boston & Albany.

Sometime in the eighteenth century, Marie, sister of Jacobus Perier of Batavia, East Indies, married Pierre Dutilh, son of Abel. In the Burton Historical Collection of the Detroit Public Library are 12,000 to 15,000 items of Dutilh business correspondence, written in French, Spanish, Hollandish, German, and English during the years 1755-1874, the bulk being from 1755-1803. These are arranged chronologically, but have not been indexed.

The month of May, just passed, marked the hundredth anniversary of the oldest chartered bank in the State of Wisconsin. The Marine National Exchange Bank of Milwaukee is the result of the merging in 1930 of two pioneer institutions, the National Exchange Bank which was first chartered by Wisconsin in 1855 and the Marine National Bank, chartered under the National Banking Act in 1900, under the free banking act of Wisconsin in 1853, and originally chartered by the legislature of Wisconsin Territory as the Wisconsin Marine and Fire Insurance Co. in 1839.

In this day, when insecure living and working conditions have come to be recognized as a great problem in social security, it is interesting to see how one industrial firm attacked that problem almost a century ago. The firm was the Waltham Watch Co., and the executive responsible for its labor management was Aaron Dennison. The watch company was one of three large manufacturing enterprises started by Dennison. The others were the Dennison Manufacturing Co., of Framingham, Massachusetts, and the Dennison Watch Case Co., of Birmingham, England.

Many readers of the Bulletin may be interested in Paul H. Giddens' The Birth of the Oil Industry. The story is concerned chiefly with the events which led to the establishment of the petroleum industry and with its first years as a successful industry, and it traces the rise, prosperity, and decline of one of the most extreme speculative booms the country has ever seen. Large fortunes were made — and lost — in a short time. But the important fact about the book is that it shows how a new industry was built and records the factors which went into its making.