J. Davenport (1904) commented: "In almost all respects this new manual is all that a book of the sort ought to be—— thoroughly modern in doctrine : wide in sympathy; marvelously deft in avoiding offense and in touching lightly on contested points, yet in all cases calling both instructor and pupil to face fairly the point in question ; clear, sprightly, and stimulating in style and in manner of presentation. And all the while there is room for the instructor and for his initiative and individuality. No teacher inferior in training or wanting in class-room skill would better attempt this book...His catholic quality of temper and lack of dogmatism render. Professor Seager's doctrinal positions of less controlling importance for text-book purposes. While his work is noticebly Austrian in tone and method, yet it is such in a manner which need not offend even the radically conservative. Merely as indicating a general point of view, it may be noted that the marginal-productivity theory of distribution is adopted, with perhaps some degree of vagueness or vacillation as to the relation between distributive shares and competitive costs..." Modern production and distribution Seager (1904) expressed a specific view on the production and distribution in modern community. Modern business can be divided into twelve branches or principal businesses, as he expressed: "Looking at modern business in a concrete way we may distinguish the following main branches into which production is divided : (1) hunting and fishing, (2) stock-raising, (3) farming, (4) forestry (t. e., logging, lumbering, etc.), (5) mining and quarrying, (6) manufacturing, (7) building, (8) transporting, (9) wholesale and retail trading, (10) produce and stock broking, (11) banking, and (12) insurance. Although by no means exhaustive this list includes the principal businesses to be found in a modern community arranged in about the order in which they have attained prominence..." According to Seager, the best adapted form of business organisation is different. In hunting, stock-raising, farming, building, broking, and trading the dominant form is the single-entrepreneur and partnership systems. In lumbering, mining, and manufacturing single entrepreneurs, partnerships, and corporations exist side by side, and in transportation, banking, and insurance the "corporate form of organisation holds undisputed sway. In general the corporate form of organisation is that preferred in branches of business where large-scale production is found to be most economical, while in businesses for which small-scale production is better adapted single entrepreneurs and partnerships