1;
varying rates of, 286.

Invention in farming, 36.

Labor and savings, relative importance, chart, 53.

Labor conflicts, arbitration in, 268.

Labor defined and classified, 32;
operative, executive, speculative, 35;
physical, mental, moral, 34.

Labor restrictions, 274.

Land as a force, 29.

Land rent, 293.

Land values, decrease of, 302;
sources of, 297;
variation, 300.

Legal tender, 166.

License, 210, 347.

Live stock in United States, 9, 83.

Loan associations, 290.

Lockout, the, 263.

Luxury, legal restrictions upon, 321;
not easily defined, 319.

Luxurious consumption, 319.

Manliness, ideal, 49.

Market, the higgling of, 73.

Market price, 77.

Markets, 72; freedom in, 75.

Measures, weights and, 114.

Methods of association, 55.

Monometalism, 126.

Monopoly privileges, 209.

Mortgage note, 159.

Mules, number of in United States, 9, 83.

Multiple standard, the, 129.

National bank currency, advantages of, 146.

National banks, 144.

National standards of value, 128.

"Nationalism," 332.

Nationalization of industry, 275.

Natural forces, 28.

"Nihilism," 329.

Normal value, 70.

Oats, acreage and yield, 9, 84;
prices of New York, 87-91;
consumption of, 84.

Obstacles to fair adjustment of wages, 259.

Over-production, 172.

Ownership, 15.

Panic, financial, 179.

Patents, 210.

Personal attainments, 45.

Population, drifting to cities, 303.

Population in United States, 9, 83

Pork, prices of, 95-99.

Power not wealth, 6.

Preface, vii-ix.

Premiums, 206.

Price of products and rent, 299.

Price, the market, 77.

Prices of beef, 100-105;
corn, oats, wheat, 87;
of farm products, annual fluctuations, 93, 98, 100, 100, 104;
of farm products, fluctuations, 78;
of hogs and pork, 95-101;
of iron, kerosene, silver, and farm wages, 106;
of wheat, England, 93;
of wheat, New York, 87-93.

Principles of taxation, 348.

Proceeds of capital, 279.

Production defined, 21; extended, 25;
forces in, 27.

Productive industries, 21; labor, 32.

Promissory note, 158.

Profit sharing, 269.

Profits defined, 236, 241;
fluctuation in, 255;
in agriculture, 254;
in competition, 252;
offset by losses, 256;
tendency of, 253;
variation in, 251.

Progress in welfare, 17.

Provision for future wants, 316.

Property, public, 16.

Property rights, 15.

Protection of the weak, 343.

Pro