A case study of two ventures undertaken by a Belgian company in Russia focuses upon several of the major problems experienced by foreign entrepreneurs under the Czars at the turn of the century.

Did the doctrine of usury hamper businessmen and retard economic growth during the Middle Ages? Professor de Roover suggests an answer through examination of the conceptual modification of the doctrine in relation to banking and foreign exchange.

Following World War II, the American Civil Aeronautics Board was able to develop the highly uncertain air-cargo market at little risk to itself or to the Federal government. Professor Schary suggests this was because it delayed its regulatory action until after the pattern of competition in the industry had been naturally established.

The taxonomy and utility of early American checks are suggested by Dr. Redlich and an example of their use by the customers of Stephen Girard's Bank, 1812–1834, is supplied by Mr. Christman. Readers are encouraged to comment on or supplement this first attempt at the history of an important business instrument.

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 be notes and documents illustrative of the evolution of business enterprise.