of the railroads and to a selected list of others to whom these publications are a matter of interest.

Communications.-Requests for these publications should be addressed to Secretary to Director General of Railroads, Interstate Commerce Building, Washington, D. C.

THE PANAMA CANAL.

Principal administrative officials.-In Washington: General Purchasing Officer and Chief of Office; Assistant to the Chief of Office; Chief Clerk, Purchasing Department; Assistant Auditor; Appointment Clerk. On The Isthmus: Governor of the Panama Canal, Engineer of Maintenance, Chief Quartermaster, Auditor, Chief Health Officer, Executive Secretary.

General information and duties.-The Panama Canal officials are charged under the act of August 24, 1912, with the completion of the construction of the Panama Canal, its operation and maintenance, and the governing and sanitation of the Canal Zone which is a strip of land 10 miles wide extending across the Isthmus, having a width of approximately five miles each side of the center line of the canal. In connection with the operation of the canal, all necessary supplies are furnished to vessels using the canal.

General publications.—(a) Official Handbook of the Panama Canal. Topics: Distances saved; How a vessel is handled through the canal; Facilities for shipping; Saving in cost of operation by use of canal; Panama Canal tolls; The use of canal by sailing ships; The canal and the Navy; Features of construction; Traffic routes.

(b) Pamphlet containing sailing directions and general information regarding the Panama Canal. Topics: Quarantine regulations; Customs regulations; Tonnage certificates; Measurement; Tolls; Deposits, etc.; Agents and other information concerning shipping; Supplies and services; Rules and regulations governing the navigation of the canal; Radio regulations; Signals and signal stations; Aids to Navigation; Courses and distances, Panama Canal; Sailing directions, Atlantic entrance; Sailing directions, Pacific entrance; Tables of distance and time saved by Panama Canal route.

(c) Manual giving complete information concerning employments for the Panama Canal service. Topics: Civil-service examination; Excepted from civil-service examination; Transfers; Citizenship; Age limits; Physical examination; Promotions; Working hours; Payment of salaries; Steamship transportation; Positions and 'wages; Tool list; Uniforms; General conditions of employment; Climate; Health conditions; Clothing required; Quarters; Meals; and Commissary.

(d) Miscellaneous. In addition to the foregoing, the Panama Canal has in the past published various pamphlets, bulletins, and reports regarding the canal, which are used in replying to certain inquiries upon specific subjects, but which it is not desired to list, as the supply of same is now very limited. Furthermore, in some instances the subjects discussed are now obsolete, affecting the construction of the canal and the early history of the work.

(e) Panama Canal Tariff No. 2. Contains schedule of rates for supplies and services furnished to shipping and allied interests at the Panama Canal.

Method of distribution of general publications.—The publications referred to above are distributed free upon request.

Annual and other periodical publications.-(a) Annual Report of the Governor of the Panama Canal contains a résumé of the operations of the various departments of the Panama Canal for each fiscal year, accompanied by illustrations and drawings. The price of this report is $1 for paper-bound and $1.50 for cloth-bound copies.

(b) Quarterly Report of the Department of Health of the Panama Canal, Contains a report of the operations of the Department of Health of the Panama Canal for each quarter.

(c) Annual Report of the Department of Health of the Panama Canal. Contains a summary of the operations of the Department of Health for each calendar year.

(d) The Panama Canal Record. This publication is issued weekly on the Isthmus, being the official organ of the Panama Canal. It is used primarily for the publication of general information concerning traffic through the canal, as well as of executive orders, special circulars, official notices, advertisements, shipping news, and statistics of canal traffic. A subscription rate of $1, domestic, and $1.50 per year, foreign, is maintained for this paper.

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(e) Miscellaneous. In addition to the foregoing, the Panama Canal from time to time issues circulars or brief publications giving information concerning conditions on the Isthmus of special interest to owners and operators of ships using the canal, such as notices to mariners, facilities and supplies available for shipping, prices for services and supplies, information concerning repair shops, dry docks, etc. These circulars, however, as above indicated, are furnished only to those who are likely to be especially interested therein, such as those who direct the movement of vessels using the canal.

Mailing lists.-A mailing list is maintained for the quarterly and annual reports of the Department of Health, and the same are furnished free to medical libraries, societies, and physicians interested therein. A free mailing list for the Panama Canal Record is maintained for public libraries, being furnished upon request.

Maps.-This office has for free distribution a map showing the Isthmus with completed canal. Other maps are included in reports referred to.

Correspondence.- Requests for publications should be addressed to "Chief of Office, The Panama Canal, Washington, D. C."

FEDERAL RESERVE BOARD.

Principal administrative officials.-Secretary of the Treasury (ex officio), Comptroller of the Currency (ex officio), Governor, Vice Governor, three additional members, Secretary, Assistant Secretary and Fiscal Agent, Counsel, Assistant Counsel, Chief of Division of Audit and Examination, Chief of Division of Statistics, Chief of Division of Issue, Director of Division of Foreign Exchange.

FEDERAL RESERVE CITIES.

District No. 1, Boston, Mass.; District No. 2, New York City; District No. 3, Philadelphia, Pa.; District No. 4, Cleveland, Ohio; District No. 5, Richmond. Va.; District No. 6, Atlanta, Ga.; District No. 7, Chicago, Ill.; District No. 8, St. Louis, Mo.; District No. 9, Minneapolis, Minn.; District No. 10, Kansas City, Mo.; District No. 11, Dallas, Tex.; District No. 12, San Francisco, Cal.

FEDERAL RESERVE DISTRICTS.

District No. 1.-Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and all of Connecticut except the county of Fairfield.

District No. 2.-The State of New York and the northern part of the State of New Jersey and the county of Fairfield in the State of Connecticut.

District No. 3.-Southern part of New Jersey, the State of Delaware, eastern part of Pennsylvania.

District No. 4.-Ohio, western part of Pennsylvania; Marshall, Ohio, Brooke, Hancock, Wetzel, and Tyler Counties, W. Va.; eastern part of Kentucky.

District No. 5.-District of Columbia, Maryland, Virginia, North Carolina, and South Carolina; all of West Virginia except Marshall, Ohio, Brooke, Hancock, Wetzel, and Tyler Counties.

District No. 6.—Alabama, Georgia, and Florida, eastern part of Tennessee, southern part of Mississippi, southern part of Louisiana.

District No. 7.-Iowa; southeastern part of Wisconsin; all of the southern peninsula of Michigan, viz, that part east of Lake Michigan; northern part of Illinois; northern part of Indiana.

District No. 8.—Arkansas; eastern part of Missouri; southern parts of Illinois and Indiana; western part of Kentucky; western part of Tennessee ; northern part of Mississippi.

District No. 9.-Montana, North Dakota, South Dakota, and Minnesota; northern parts of Wisconsin and Michigan.

District No. 10.-Kansas, Nebraska, Colorado, and Wyoming; western part of Missouri; all of Oklahoma except the counties of Atoka. Bryan, Choctaw, Coal. Johnston, McCurtain, Marshall, and Pushmataha; northern part of New Mexico.

District No. 11.-Texas; southern parts of New Mexico and Oklahoma not included in district No. 10; southern part of Louisiana not included in district No. 0; and eastern Arizona.

District No. 12.-California, Washington, Oregon, Idaho, Nevada, and Utah; western part of Arizona.

General information and duties.-Generally speaking, the functions of the board are to exercise a broad supervision over the affairs and conduct of 12

Federal reserve banks established in accordance with the terms of the Federal reserve act in different parts of the country and invested with authority to discount paper for member banks, issue Federal reserve notes to member banks, and perform the various banking functions described in the act itself. The board has full power to appoint its own staff of employees and officers and to regulate the conditions of their employment. Its support is derived from the several reserve banks from assessments levied by it half yearly pro rata. The board is responsible to Congress and reports annually to that body. Certain functions in connection with the national banking system are also assigned to it under the legislation, although the Comptroller of the Currency, who is a member of the board, exercises the same general administrative and supervisory authority over the national banks that has been in his hands in the past. It also passes upon applications under the Clayton Act as amended.

Some of the more important duties of the Federal Reserve Board are set forth in section 11 of the Federal reserve act, which provides that the Federal Reserve Board shall be authorized "to examine at its discretion the accounts, books, and affairs of each Federal reserve bank and of each member bank, and to require such statements and reports as it may deem necessary; to permit or, on the affirmative vote of at least five members of the Reserve Board, to require Federal reserve banks to rediscount the discounted paper of other Federal reserve banks at rates of interest to be fixed by the Federal Reserve Board; to suspend for a period not exceeding 30 days, and from time to time to renew such suspension for periods not exceeding 15 days, any reserve requirement specified in this act; to supervise and regulate through the bureau under the charge of the Comptroller of the Currency the issue and retirement of Federal reserve notes, and to prescribe rules and regulations under which such notes may be delivered by the comptroller to the Federal reserve agents applying therefor; to add to the number of cities classified as reserve and central cities under existing law in which national banking associations are subject to the reserve requirements set forth in section 20 of this act; to suspend or remove any officer or director of any Federal reserve bank, the cause of such removal to be forthwith communicated in writing by the Federal Reserve Board to the removed officer or director and to said bank; to require the writing off of doubtful or worthless assets upon the books and balance sheets of Federal reserve banks: to suspend, for the violation of any of the provisions of this act, the operations of any Federal reserve bank, to take possession thereof, administer the same during the period of suspension, and, when deemed advisable, to liquidate or reorganize such bank; to require bonds of Federal reserve agents; to exercise general supervision over said Federal reserve banks; to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, or registrar of stocks and bonds under such rules and regulations as the said board may prescribe."

General publications.-Federal Reserve Bulletin is a monthly containing matters of interest to officers and member banks of the Federal Reserve System. Distribution.-The bulletin is supplied to officers and members of the Federal Reserve System without charge. To others the price is $2 per year, or 20 cents per copy. Foreign postage, when necessary, is required.

Annual publications.-The Annual Report is issued in January or February of each year and is distributed without cost.

Inderes.-The Index to the Federal Reserve Bulletin for the year is printed in the December number. The Index Digest of the Federal Reserve Act is

sold at $1, paper cover.

Mailing list.-There is no free mailing list, except of the officers of the Federal Reserve System, noted above.

Correspondence.-Requests for publications should be addressed to "Secretary, Federal Reserve Board, Washington, D. C.

FEDERAL TRADE COMMISSION.

Principal administrative officials.—Commissioners, Chairman, Vice Chairman, and three additional members. Administrative Department: Secretary, Assistant Secretary, Chief Clerk, Disbursing Clerk, Appointment Clerk, Docket Division, Division of Mails and Files, Publication Division, Stenographic Division, Library. Economic Department (Advisory Economic Board): Chairman,

two Additional Members. Legal Department: Board of Review: Chairman, two members; Chief Counsel, Chief Examiner.

General information and duties.-"An act to create a Federal Trade Commission, to define its powers and duties, and for other purposes," approved September 26, 1914, provides for a commission consisting of five members. Further specific powers are conferred upon this commission by "An act to supplement existing laws against unlawful restraints and monopolies, and for other purposes (commonly known as the Clayton Act), approved October 15, 1914.

INVESTIGATION, PUBLICITY, AND RECOMMENDATION.

The commission is authorized to require corporations subject to its jurisdiction to file annual or special reports, or both, in such form as may be prescribed by the commission, or written answers to specific questions regarding the organization and management of their business, or their relations to other corporations, partnerships, or individuals. Furthermore, the commission is authorized to classify such corporations, and to make rules and regulations for the purpose of carrying out the provisions of the act. (Sec. 6, pars. b and g.)

The commission is given also a general power of investigation in respect to such corporations and their relations to other corporations, individuals, associations, and partnerships. (Sec. 6, par. a.)

Upon the direction of the President or either House of Congress, the commission is authorized to investigate and report concerning any alleged violations of the antitrust acts by any corporation. (Sec. 6, par. d.)

The commission is also authorized to investigate trade conditions in foreign countries with respect to combinations or other conditions affecting the foreign trade of the United States. (Sec. 6, par. h.)

Certain other functions of the commission combine with investigating the duty of making particular recommendations.

If, in any suit in equity brought by the Government under the antitrust acts, upon the conclusion of the testimony the court is of the opinion that the complainant is entitled to relief, it may refer the matter to the commission as a master in chancery to ascertain and report an appropriate form of decree. (Sec. 7.)

The commission is empowered, upon the application of the Attorney General, to investigate the business of any corporation alleged to be violating the antitrust acts, and to make recommendations for readjustment which shall bring it in harmony with the law. (Sec., 6 par. e.)

Whenever a final decree has been entered against any corporation in a suit to restrain violations of the antitrust acts, the commission is authorized to make an investigation of the manner in which the decree is carried out, and it is required to make such investigation upon the application of the Attorney General. In the latter case it is required to transmit a report of its findings and recommendations to the Attorney General, and may publish such report in its own discretion. (Sec. 6, par. c.)

The commission is authorized to make public such portions of the information obtained by it in accordance with law as it shall deem expedient in the public interest, except trade secrets and the names of customers, and, further, to make annual and special reports to Congress with recommendations for legislation, and to provide for the publication of its reports and decisions. (Sec. 6, par. f.) It is specially provided (sec. 10) that any officer or empolyee of the commission who, without its authority, shall make public any information obtained shall be guilty of a misdemeanor and be punishable by fine and imprisonment.

QUASI JUDICIAL FUNCTIONS.

Both the Trade Commission Act and the Clayton Act declare certain important rules of substantive law and direct the Federal Trade Commission to enforce these rules in regard to the following: Unfair methods of competition; price discrimination; tying contracts; holding companies; interlocking directorates; enforcement of the prohibitions of the Clayton Act.

Relations of the commission to legislative, judicial, and other executive departments. The Federal Trade Commission is organized in a manner similar to that of the Interstate Commerce Commission, and its relations to the legislative, judicial, and other executive departments of the Government are defined in the law.

PUBLICATIONS.

General publications.-The commission publishes special reports, most of them being in response to Congressional resolutions. A complete list of publications thus far issued is as follows:

(a) Report of the Federal Trade Commission on Pipe-Line Transportation of Petroleum.

(b) Report of the Federal Trade Commission on Trade and Tariffs in Brazil, Uruguay, Argentina, Chile, Bolivia, and Peru.

(c) Helpful Activities to Strengthen American Business.

(d) Preliminary Report of the Federal Trade Commission Relative to an Investigation of Gasoline Prices.

(e) Concluding Chapter of above Report.

(f) Report of the Federal Trade Commission on the Fertilizer Industry. (g) Fundamentals of a Cost System for Manufacturers.

(h) A System of Accounts for Retail Merchants.

(i) Summary of the Report of the Federal Trade Commission on Cooperation in American Export Trade. Copies may be secured at $1.15 each from the Superintendent of Documents, Government Printing Office, Washington, D. C. (a) to (h) are available for free distribution.

The Bureau of Corporations, which was succeeded by the Federal Trade Commission, issued a large number of reports, most of which can be purchased from the Superintendent of Documents. The following subjects are treated in these reports: Beef industry; Cotton exchanges; Cotton tare; Farm Machinery Trade Association; Fertilizer industry; International Harvester Co.; Interstate Commerce law; Lumber and shingles; Lumber industry in Washington; Patents; Petroleum industry and Standard Oil Company-prices and profits; State laws concerning foreign corporations; Steel industry (three parts); Taxation, corporate (six parts); Taxation (specia. report); Transportation by water (four parts); Transportation of petroleum; Trust laws and unfair competition; Tobacco industry; Tobacco prices; Water-power development.

Method of distribution of general publications. After the supply of documents for free distribution is exhausted, publications may be purchased from the Superintendent of Documents, Washington, D. C.

Annual and other periodical publications.-Annual Reports, 1915, 1916. Annual report contains the Federal Trade Commission act and the Rules of Practice Before the Federal Trade Commission, also such portions of the Clayton Antitrust Act as pertain to the Federal Trade Commission. Conference Rulings Bulletin No. 1, containing Rulings Nos. 1-40, inclusive.

List of publications.-A list is available for distribution on request. Mailing lists.-Carefully selected lists are maintained of those specially interested in the report of the Federal Trade Commission.

Correspondence.-Requests for publications should be addressed to Federal Trade Commission for those available for free distribution and to the Superintendent of Documents, Government Printing Office, Washington, D. C., for those publications for which a charge is made.

UNITED STATES TARIFF COMMISSION.

Principal administrative officials.-Chairman, Vice Chairman, four additional members, Chief Clerk.

General information and duties.-The duties of the United States Tariff Commission, as provided by the act of September 8, 1916, are:

To investigate the fiscal and industrial effects of the customs laws of the United States;

To place at the disposal of the President, the Ways and Means Committee of the House of Representatives, and the Finance Committee of the Senate, when requested, all information at its command;

To make such investigations and report as may be requested by the President or appropriate committee of either House;

To report to Congress on the first Monday in December the methods adopted and expenses incurred and a summary of all reports made during the year.

Powers. To make inquiry by one or more members or by designated agent or agents of the conduct, costs, or other relevant matters concerning any industry in the United States or in any foreign country, with inquisitorial powers in the territory of the United States or dependencies thereof.