Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-25
NEWS AND REVIEWS
OF LATEST BOOKS

ItfE FLOW OF VALUE by Logan
grant MePherson. The Century Co.
This book presents the sequence @:
asS cause and effect in The determination
sSSss OF prices profits and wages ana in the
u growth OF capital. The theory az ovo!u-
lion has changed many OF our. concepts
liz Mcpherson in developine in =, new lish;
re- the. principles which underlic industry
ind commcrce.. The application OF
rs principles working ont 10 the greatest
S% good of the greatest number would tend
TO quiet The prcvailsn= unrest. II
WOULD lead 10. henctcent solution, OF
~ the problem of transportation which is
sss no more than ono phase OF the economic
problem. Mr.. Mcihcrson shows how
e. sumo; iha, those who consume must
produce live upon tho production OF
others, and thus solves the old enigma
sS as to the relation between thy producer
Ne and the consumer. The long Sttndini,
Ii dispute as 10 the quantity theory OF
money fades under his demoustrat on.
u That theory once held good. Eat a.
81 hanks have developed prices have come
NJ to be determined in greater degree by
the inter relations between human CT
fort put forth in meeting wants and
rs the wants that arg met. The employer
II employs the employee Tor the purpose
n OF obtaining a better living for himself
4 than he could otherwise secure, and tho
" employee employs the employer for the
81 purpose Of obiaining a better living
Sssfor himself than he could otherwise Sc
sSS cure. Effective coordination in the
production OF things and services in
< due relation would mean employment
& for all who are employ able. ana abund-
"a ancc for every one.
Mr. Mcpherson first became known
y through his studies in transportation.
Isl research under the auspices or the
* johns Hopkins University wLerc TOR
IS nine years he was lecturer ON transpOr-
IS tation. enabled him to make broad anpii-
" cation OF the experience OF many Nears
3 In active railroad service. Tho Work
s. ing or the Railroads Was the first pub
n lication 10 present the Interviewing OF
y INHERENT departments of railroad oper-
= alton. IRA ilroad Freight Rates in Re-
lstion to The Industry and Commerce
n flrst time the bases OF the freight rate
structure OF this country. "Trauspor.
stnle.ity caused by tho different freight
z ratio systems of tho United states and
81 Of the countries OF Europe by show
- ing tbnt they were due 10 radically Diff
ferent conditions OF industry ana COM
y lnerce.
At the invitation OF 4 committee of
s;railroad presidents. NJ. Mcpherson cs-
tablished in 1910 the bureau OF Rail /
I way Economics. projected by him for /
{ that study OF the economic relations OF I,
: the railroads which lead to a solution
& OF the rnilroad problem. lie served as
director OF this organization for four /,
The five years of his retiremen, have [,
been devoted to tho fulnllmcn; OF a /
y folong desire to study all economic /
Il phenomena in the lishi Of ,her cvolu /
Z tton. How the World Makes It's Liv- b
ms" published three years ago. (. an /
7 exposition of the evolution OF tho on
t TIRE economic organization. This book !
GENERAL press, with little exception on (
the part of the critical economic jour
I mas ana with unanimous eommcnda-
\ tlon of its clcarncss ana simplicity OF /
expression. 4
THE BOOK OF TIL: DAMNED. NY /
Charles Fort, isoni x Livcrigh;, New .
. York.
In this amazing hooh.--the result OF
author presents u mass OF wha: he !
submits as evidence that has hitherto
been ignored or distorted by scientists
seennly pointing TO the certainty not /
only OF life in other planets, but of COM
4 muniea,ion between them and this /,
eartin The author develops his areu- I,
s mSnte IN fascinating manner. with .
strong touches of sardunic humor ana .
fiaShes OF sheer poetic insight,
BLOOD. carved stones. living animals
4 and remains Of supermammoths ana I
iccberFs--if these things have fallen
from the Sky, If vast d:rigiple s,ruc-
! ogers or angels az crusader, have been
seen close to This cardiff All were OF
origin not terrestrial what conrlu-
communicati with rs, either win de-
sign Or otherwise? In this er, Of ;hc
conc ,, ausst OF ne ar, OF supposed commu-
not MT. FORTS data and hiss conclusions
$i Me OF 'rsntcnaons Importance TO man
$ !.lr, ne has set fortl, mysterious
YET peen able 10 classify and nut in
neat,y labeled pigconholcs These facts
L thsy are ttItS science has hcr.rn
tore lodged. They have been excluded.
they are the da!nn"d. Theodore nrcisrr
says OF The l:ook OF Ia. D:,nncd": -,
Isl wonderful" ana in tina: Judgment.
we heartily concur
< G HiTerish, I Ey Nyn n,s Hori
B. In this book Mrs Austin has ,u-,,,
her be s yersatis taicn, mo a now "f asid
tlon--a held much neglected In rcc"n,
Years. but apparently now bccitoniu.s
WITH opportunitr. II is not exactly
people. called by her ou;iio'"s !, is
1oTnia, OF how Mona and Herman :.
teacher OF laneuaE" and q pyofcssnr -,
SsocioioSH' go through Il VERY adventure
~ capiEltN among the CUTTERS on
,,neir way 10 ibe great adventure OF
love oetwccn themselves. \ ivan in
sthe redwoods Is picked UP by rht,c go
end followed by inipuise; ,nr,. IN
lows an account az strang. rim
siaud over buried treasure: Of ,i!c,,. To-
i sst rites ana SYN hois, OF primitive
.roipance and the holding OF weiri ,
scsarins. -"
a Ief i,sTS i ~r 81 s>p il M y Ma
5carries the reader ulong win absGr'r1u-
fEnarrn o! lanGuaa- that j. irrcxts, III.
:, AHe 3tale SAYS tho New York Tinss'
LOOK EcNicW"r. is prose noc,n. *
squIsitc az on" - he delicate fronds
sstreWtnS Decp Farm. rich in color ne
sopaiss which formed a portion Of thc