In the last three chapters the application of the principles of corporation finance to the small company is fully described.

Transportation

The railroads and the shipping public The Government takes the railroads Government reorganization of railroads Railroad rates Classifications Rates in Official Classification and Southeastern Territory Transcontinental rates and the Panama Canal Export and import rates Special services and charges Terminal services and charges in New York Express and parcel post The Transportation Act Inland water transportation

Business as it is conducted today would not be possible without the railroad.

The corner grocery store as well as the big manufacturing company is directly affected by traffic, rates and methods. The prosperity of many a business and community is largely dependent upon relations with transportation companies. Yet many business men are unfamiliar with even the elements of rate making and traffic handling.

The war made great changes in railroad organization and when the railroads were returned at the close of the war to their former owners a new set of problems had to be faced. Rail rates had assumed a new importance, labor and other costs had increased and both shipper and carrier were called upon to consider transportation in an entirely different light than before the war. All of these problems receive careful consideration in this Text, and the tendencies of the times, so far as they have been clearly revealed, are pointed out.

Classifications, rates, special services, terminal facilities and charges are some of the specific questions discussed.

Foreign Trade and Shipping

Foreign trade: Relation of foreign trade to domestic business The national aspect of foreign trade The market Governmental trade promotion Private trade promotion Indirect exporting Direct exporting The conditions of sale The export department Cooperation for foreign trade Making an export shipment Importing Shipping: Principles of ocean transportation The freight service Ports and terminals Ocean freight rates Rate agreements The merchant marine

The events of recent years have turned the attention of business men of America once more to the problems of foreign trade.