The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941

Southwestern Historical Quarterly

that nations owing Britain either could not or would not pay
their obligations.
In other chapters Professor Frasure discusses the questions
of the war debts and such topics as the Dawes Plan and the
Young Plan in relation to it. He also goes into a consideration
of the Lausanne Conference of 1932, and discusses briefly the
events which led to the gradual cessation of payments to the
United States by Great Britain. He closes his book with a dis-
cussion of the Johnson Act which forbids loans to defaulter
nations.
The author leaves the impression that he began this work
with a set of fixed beliefs and that all available information
was made to conform with these preconceived views. He tends
to bear rather heavily on France as the chief obstacle in the
way of the settlement of the reparation question. One is in-
clined to wonder if the blame can be so easily fixed.
VAN MITCHELL SMITH, JR.
The University of Texas.
Casebook in American Business History. By N. S. B. Gras
and Henrietta M. Larson.
New York: F. S. Crofts & Co., 1939. Pp. viii, 765. $5.00.
This volume presents forty-three cases or problems taken
chiefly from American experience. Five of the cases are selected
from European business history for their "unique contribu-
tion"-Sir Thomas Smythe, Boulton and Watt, Josiah Wedg-
wood, John Law, and Hugo Stinnes. The general emphasis
in the cases is on policy, management, and control. To place
the cases in their proper setting in the history of business, the
cases should be read in connection with the book, Business
and Capitalism, by the senior author.
The cases or problems cover a wide range of activity such
as Cornelius Vanderbilt, the First National Bank of New York,
the New York Stock Exchange, N. W. Ayer and Son, Dennison
Manufacturing Company, Armour and Company, and Elbert H.
Gary and the United States Steel Corporation.
Although this book conforms to the emphasis placed on the
case method of research and instruction at the Harvard Grad-
uate School of Business Administration, the wealth of histori-

280

Texas State Historical Association. The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941. Austin, Texas. The Portal to Texas History. http://texashistory.unt.edu/ark:/67531/metapth146052/. Accessed August 20, 2014.